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Summary of Minutes of Annual General Meeting of Shareholders of PT Asuransi Bina Dana Arta, Tbk

Summary of Minutes of the Annual General Meeting of Shareholders ("AGMS") PT ASURANSI BINA DANA ARTA Tbk., Domiciled in South Jakarta (the "Company") held on Wednesday, March 30, 2016, at Batur Room- Mercantile Athletic Club, World Trade Center, Penthouse Floor, Jl. Jenderal Sudirman Kav 31, Jakarta 12920, Minutes of the meeting is as stated in the deed of the Minutes of the Annual General Meeting of Shareholders PT ASURANSI BINA DANA ARTA Tbk., Dated 27 April 2015 No. 92, which is made by Kumala Tjahjani Widodo, SH, MH, MK, Notary in Jakarta, contain the following :

a.
- AGM date : 30 March 2016
- The execution of AGM : Room-Mercantile Athletic Club, World Trade Center, Penthouse Floor, Jl. Sudirman Kav. 31, Jakarta 12920
- Time of the AGM : 14:24 pm to 15:13 pm
- The agenda of the AGM :
1. Approval of the Company’s Annual Report FY 2014 and Authorization of the Financial Statements of the Company for the year ended 31 December 2014, and Report of Accountability of the Board of Directors and the Board of Commissioners for the management and supervision conducted throughout 2014.
2. Determination of the use of net profit for FY014, where part of the net profit will be distributed as final dividends and the rest recorded as retained earnings.
3. Appointment of a Public Accountant to conduct audit of the Company’s Financial Statements for the year ended 31 December 2015 and authorization of the Board of Directors of the Company to determine the honorarium and other provisions for this audit service.
4. Delegation of Meeting authority to the Board of Commissioners to determine the salary or honorarium and other allowances for members of Directors and determination of salary or honorarium and other allowances for members of the Board of Commissioners period of 2016.
5. Approval of Company's Business Plan 2016.
6. Reappointment of Sharia Advisory Board
b. - Member of Directors present at the AGMS are :
President Director/Independent Director : CANDRA GUNAWAN
Independent Director : EKA LISTIANI KARTONO
Director : DODY SJACHROERODLY
Director : JENI WIRJADINATA
- Member of Board of Commissioner present at the AGMS are :
President Commissioner : TJAN SOEN ENG
Independent Commissioner : HERLANI SUNARDI
Independent Commissioner : RONNI WIDJAJA
Commissioner : MURNIATY KARTONO
- Member of Syariah Supervisory Board present at the AGMS is :
Chairman : Drs. SAFRUDDIN ROZALI, MM
Member : DR JAENAL ARIPIN, M.Ag.
c. - Number of shares with valid voting rights attending the AGMS 533,912,744

- Percentage of total shares with valid voting rights 86.00%

d. - Offer made to all shareholders to ask questions and/or provide opinion regarding the agendas of the meeting.
e. Number of shareholders asking questions or providing opinion regarding the following agendas :
- for agenda 1 : none
- for agenda 2 : none
- for agenda 3 : none
- for agenda 4 : none
- for agenda 5 : none
f. AGMS decision-making mechanism :
- The decision taken by deliberation and consensus
- In decision making asked of shareholders who present in the meeting with legitimate voting rights whether there are voting disagree or abstain ?
- If there is no disagree vote and no abstain, the decision is considered approved bydeliberation and consensus. This was done verbally and by raising hand. Who did not raise a hand is considered as agree voted.
- If there are disagreed or abstain voting then the decision can not be decided by discussion and consensus, but decisions made by voting.
- In voting considered conditions of Article 30 of OJK Regulation dated December 8, 2014 No. 32 / POJK.04 / 2014, namely abstain (no vote) in decision-making by vote is considered vote equal to majority of shareholders who vote.
g. The results of decisions made by polling / voting :
- Agenda 1 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
- Agenda 1 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
- Agenda 2 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
- Agenda 3 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
- Agenda 4 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
- Agenda 5 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
- Agenda 6 :
agrees : 695.263 shares (100%)
disagree : none
abstain : none
h. AGMS decisions :
Agenda 1 : approved in deliberation and consensus with the decision
1. Approved the Annual Report Book Year 2015
2. To approve :
a. Financial Statements of the Company for the year ended December 31, 2015
audited by Public Accountant PAUL HADIWINATA, HIDAJAT, ARSONO, ACHMAD, SUHARLI AND ASSOCIATES in accordance with report PHHAAS/186/AH/RDA/2016 dated 29 February 2016.
b. Supervisory Report of the Board of Commissioners for book year 2015.
3. Provide fully release and discharge to the members of of Directors and Board of Commissioners of all responsibilities (acquit et de charge) for the actions of management and supervision they conducted during Book Year 2015, along such actions contained in the Company's records and reflected in the Annual Report and Financial Statements for the Financial Year 2015.
Agenda 2 : approved in deliberation and consensus with the decision
use net income as follows :
1. Amount of Rp. 250.000.000, - set as reserves in accordance with the provisions of Article 70 paragraph 1 of the Company Act No. 40 / 2007.
2. Amount of Rp 80.704.868.400,- set as a final dividend for the year 2014 and distributed in the form of cash dividends amounting to Rp. 130,- per share.
3. The remaining profit of Rp. 187.606.999.600,- recorded as retained earnings will be used for working capital purposes and the purposes of the Company's business development.
4. To grant power and authority to the Board of Directors to regulate the procedures for the payment of cash dividends with due regard to the procedures for payment of dividends in accordance with the provisions of the capital market. payment of cash dividends with due regard to the procedures for payment of dividends in accordance with the provisions of the capital market.
5. Dividen after tax in accordance with applicable regulations will be paid to the shareholders .
Cum Dividend Period :
- Trading on the Regular Market : April 6, 2016
- Trading on the Cash Market : April 11, 2016
Ex Dividend Period :
- Trading on the Regular Market : 07 April 2016
- Trading on the Cash Market : 12 April 2016
- Recording Date : 11 April 2016
- Dividend Payment : April 29, 2016
Agenda 3 : approved in deliberation and consensus with the decision
Giving an authority to Directors appoint a Public Accountant to audit the Company's Financial Statements for book year ended December 31, 2016 and authorize the Directors to determine the honorarium and other provisions for audit services.
Agenda 4 : approved in deliberation and consensus with the decision
Delegate the authority of General Meeting of Shareholders to the Board of Commissioners, to determine the amount of salaries and / or honorarium and other allowances for members of Directors and members of the Board of Commissioners, for the period 2016.
Agenda 5 : approved in deliberation and consensus with the decision
Approved the Company's Business Plan 2015.
Agenda 6 : approved in deliberation and consensus with the decision
Approved the reappointment of Sharia Advisory Board, consists :
Chairman : Drs. Safruddin Rozali, M.M.
Chairman : Dr. Jaenal Aripin, M. Ag.

Information about dividend payment :

1. For shareholders whose shares are registered in the Collective Custody of PT Indonesian Central Securities Depository (KSEI), payment of cash dividends will be made through the account holder in KSEI.
2. For shareholders whose name has not been registered in the Collective Custody at KSEI, which is eager for the cash dividend be transferred in the accounts of the shareholders, shall notify in writing the bank name and account number no later than on 22 April 2016 to the Registrar PT Raya Saham Registra, located at Central Plaza Building, 2nd Floor Jalan Sudirman kav. 47-48, Jakarta 12930 - Tel. (021) 2525666.
3. On the dividends distribution, shareholders are subject to income tax in accordance with the provisions of applicable law.
4. The foreign shareholders, whose country has a double taxation avoidance agreement with Indonesia, it is necessary to submit a Certificate of Domicile issued by the authorities of a country or a copy of which has been legalized.. Dividends paid to foreign shareholders are subject PPH article 26, based on agreements between countries and those who can not submit a Certificate of Domicile referred it will be taxed at 20%.