As required by Otoritas Jasa Keuangan Regulation No.34/POJK.04/2014 dated December 8, 2014
concerning Nomination and Remuneration (“POJK 34/2014”), the Company shall have Nomination and Remuneration
functions. Based on the said POJK 34/2014, in the event Nomination and
Remuneration Committee is not formed, such nomination and remuneration
functions shall be implemented by the Board of Commissioners of the Company
It was resolved at the Company’s BOC
meeting on June 3, 2015, the nomination and remuneration function will be exercised
by the BOC.