PT BUMI RESOURCES TBK., domiciled in South Jakarta, hereby would like to inform that on Friday, June 16, 2017, it has convened an Annual General Meeting (hereinafter referred to as "AGM") of PT BUMI RESOURCES TBK. (hereinafter referred to as "the Company") at JS Hotel Luwansa Hotel & Convention Center, Jalan H.R. Rasuna Said Kav. C-22, South Jakarta. The AGM was opened at 09.55 Western Indonesia Time and was attended by members of the Board of Commissioners and Directors of the Company, as follows:

1. Board of Commissioners and Directors present at the AGM

 

Board of Commissioners	Directors
President Commissioner          :  Mr. EDDIE JUNIANTO SUBARI Independent Commissioner  :  Mr. ANTON SETIANTO SOEDARSONO	President Director         :  Mr. SAPTARI HOEDAJA Director                      :  Mr. ANDREW C. BECKHAM Independent Director     :  Mr. DILEEP SRIVASTAVA Director                       :  Mrs. R.A. SRI DHARMAYANTI

 

2. Attendance Quorum of Shareholders

That the quorum requirements in order to validly convene the AGM are as follows:

• Attendance Quorum
  • For the Single Agenda of AGM, the Company shall comply with the provisions of Article 11 paragraph 1.a of Articles of Association and Rule of OJK No.32/2014 on the Planning and Convening of General Meetings of Publicly Listed Companies (“POJK No. 32/2014”). Based on said provisions, the AGM may be convened if attended by Shareholders representing more than ½ (one half) of total number of issued shares carrying valid voting rights.
• Quorum for Adoption of Resolutions
  • For the agenda of AGM, the provisions of Article 11 paragraph 1.a of the Company’s Articles of Association and POJK No. 32/2014 shall apply. Based on said provisions, resolutions of AGM shall be valid if approved by more than ½ (one half) of total valid voting shares present thereat.

 
- The AGM was attended by Shareholders or their Authorized Proxies amounting to 20,213,363,517 (twenty billion-two hundred thirteen million – three hundred sixty three thousand – five hundred and seventeen) shares or accounting for 55.19% (fifty five point nineteen percent) of 36,627,020,427 (thirty six billion –six hundred twenty seven million-twenty thousand-four hundred twenty seven) shares, being the total number of issued shares of the Company as at the date of AGM.
 
- Hence, based on the attendance quorum, the AGM is valid and may therefore adopt valid and binding resolutions for its whole agenda. 
 

3. Agenda Items of AGM

 

1. Approval for Accountability Report of Directors in respect of the Company’s operations for Financial Year ended 31 December 2016.
2. Ratification of Balance Sheet and Profit/Loss Accounts for Financial Year ended 31 December 2016.
3. Utilization of Profit/Loss of the Company.
4. Appointment of Public Accountant to conduct an audit of Financial Statements of the Company for Financial Year ended 31 December 2017.
5. Change of composition of Directors and Board of Commissioners of the Company.

 

4. Question and Answer Session

Prior to adoption of resolutions, Chairman of AGM gave the opportunity to any shareholder wishing to raise a question in respect of discussions of AGM agenda. For the whole agenda of AGM, there were 2 (two) shareholders raising questions.
 

5. Mechanism for Adoption of Resolutions

Resolutions were adopted through amicable discussions for a consensus; however, in the event there were those shareholders or proxies casting negative or abstentious votes, resolutions shall be adopted through voting by submitting the ballots.
 
Note: in the discussions of the whole agenda of AGM, the first, second and third agenda were discussed at the same time; hence, they were discussed in a continuous manner, yet the adoption of resolutions for each agenda was done separately.
 

6. Resolution of AGM

 

First Agenda of AGM Approval for Accountability Report of Directors in respect of the Company’s operations for Financial Year ended 31 December 2016.
Number of shareholders raising questions	2 (two) shareholders
Voting Results	In favor	Abstention	Against
Meeting was approved by a majority of votes	Amounting to 20,204,759,913 (twenty billion – two hundred four million – seven hundred fifty nine thousand – nine hundred and thirteen) shares or accounting for 99.96% (ninety nine point ninety six percent) of total number of votes present at AGM.	Amounting to  97,978,700 (ninety seven million – nine hundred seventy eight thousand – seven hundred ) shares. That pursuant to Article 11 paragraph 10 of the Company’s Articles of Association, sharehoders present, but cast no vote (abstention) shall be regarded as casting the same vote as the majority.	Amounting 8.603.604 (eight  million – six hundred three thousand – six hundred and four) shares or accounting for 0.04% (zero point zero four percent) of total valid votes counted at the Meeting.
Resolution of First Agenda of AGM	To approve the Company’s Annual Report, the key points of which have been submitted by Directors of the Company and reviewed by Board of Commissioners regarding the conditions and operations of the Company for Financial Year ended on 31 December 2016.
Second Agenda of AGM Ratification of Balance Sheet and Profit/Loss Accounts for Financial Year ended 31 December 2016.
Number of shareholders raising questions	None
Voting Results	In Favor	Absention	Against
Meeting was approved by a majority of votes	Amounting to 20,204,759,913 (twenty billion – two hundred four million – seven hundred fifty nine thousand – nine hundred and thirteen) shares or accounting for 99.96% (ninety nine point ninety six percent) of total votes present at AGM.	Amounting to 97,978,700 (seventy seven million – nine hundred seventy eight thousand – seven hundred ) shares. That pursuant to Article 11 paragraph 10 of the Company’s Articles of Association, sharehoders present, but cast no vote (abstention) shall be regarded as casting the same vote as the majority.	Amounting to 8.603.604  (eight million – six hundred three thousand – six hundred and four) of total valid votes counted at AGM.
Resolution for Second Agenda of AGM.	To approve Financial Statements of the Company for financial year ended on 31 December 2016 having been audited by Public Accounting Office Amir Abadi Jusuf, Aryanto Mawar dan Rekan (RSM Indonesia) with an Unqualified Opinion as set out in their report No.R/145.AGA.cht.1/2017 of 17 March 2017. To grant full release and discharge to Directors and Board of Commissioners of the Company for their management and supervisory activities for financial year ended 31 December 2016 (acquit et de charge) so long as and to the extent that their actions are reflected in the Annual Report and Financial statements of the Company for financial year ended on 31 December 2016 and not contradictory to laws and regulations.
Third Agenda of AGM Utilization of Profit/Loss of the Company
Number of Shareholders raising questions	None
Voting Results	In Favour	Absention	Against
Meeting was approved by a majority of votes	Amounting to 20,204,759,913 (twenty billion – two hundred four million – seven hundred fifty nine thousand – nine hundred and thirteen) shares or accounting for 99.96% (ninenty nine point ninety six percent) of total votes present at AGM.	Amounting to  77,800,000 (seventy seven million eight hundred) shares. That pursuant to Article 11 paragraph 10 of the Company’s Articles of Association, sharehoders present, but cast no vote (abstention) shall be regarded as casting the same vote as the majority.	Amounting 8.603.604 (eight  million – six hundred three thousand – six hundred and four) of total valid votes counted at  AGM.
Resolution for Third Agenda of AGM	To declare that for the financial year ended 31 December 2016, the Company is unable to distribute dividends to all of its shareholders.

 

Fourth Agenda of AGM Appointment of Public Accountant to conduct an audit of Financial Statements of the Company for Financial Year ended 31 December 2017.
Number of Shareholders raising questions	1 (one) shareholder giving a recommendation.
Voting Results	In Favor	Absention	Against
Meeting was approved by a majority of votes.	Amounting to 20,099,491,813 (twenty billion – ninety nine milion – four hundred ninety one thousand – eight hundred and thirteen) shares or accounting for 99.44% (ninety nine point forty four percent) of total votes present at AGM.	Amounting to 97,978,700 (ninety seven million – nine hundred seventy eight thousand – seven hundred ) shares. That pursuant to Article 11 paragraph 10 of the Company’s Articles of Association, sharehoders present, but cast no vote (abstention) shall be regarded as casting the same vote as the majority.	Amounting to 113,871,704 (one hundred thirteen million – eight hundred seventy one thousand – seven hundred and four)  shares or accounting for 0.56% (zero point fifty six percent) of total valid votes counted at the AGM.
Resolution for Fourth Agenda of AGM.	To appoint Public Accounting Office Amir Abadi Jusuf, Aryanto, Mawar dan Rekan (RSM) as the auditor who will conduct an audit of financial statements of the Company for financial year ended December 31, 2017 and/or for a given period throughout 2017 (as and when needed at any time), as well as grant the powers and authority to Directors of the Company to determine the amount of honorarium for Public Accountant, as well as other requirements for their appointment upon considering the recommendation of Board of Commissioners of the Company. To grant the authority to the Meeting to delegate the appointment and dismissal of public accountant who will be auditing the financial statements of the Company for financial year 2017, and other periods in financial year 2017, to Board of Commissioners, upon considering their recommendations in accordance with the provisions of Article 36A paragraph (1) of Rule of OJK No. 10/POJK.04/2017 on Amendment to Rule of OJK No.32/POJK.04/2014 on the Planning and Convening of General Meetings of Publicly Listed Companies.

 

Fifth Agenda Item of AGM Change in Composition of Directors and Board of Commissioners of the Company
Number of Shareholders raising questions	1 (one) shareholder
Voting Results	In Favor	Absention	Against
Meeting was approved by a majority of votes	Amounting to  19,867,106,165 (nineteen billion – eight hundred sixty seven million – one hundred six thousand – one hundred sixty five) shares or accounting for 98.29% (ninety eight point twenty nine percent) of total votes present at AGM.	Amounting to 77,800,000 (seventy million eight hundred thousand) shares. That pursuant to Article 11 paragraph 10 of the Company’s Articles of Association, sharehoders present, but cast no vote (abstention) shall be regarded as casting the same vote as the majority.	Amounting to  346,257,352 (three hundred forty six milion – two hundred fifty seven thousand – three hundred fifty two) shares or accounting for 1.71% (one point seven percent).
Resolution of Fifth Agenda Item of AGM	To approve the appointments of : Mr. Kanaka Puradiredja as Independent Commissioner of the Company; Mr. Y.A. Didik Cahyanto as Independent Commissioner of the Company; Mr. Jinping Ma as Commissioner of the Company; Mr. Benjamin Bao as Commissioner of the Company; Mr. Thomas M. Kearney  as Commissioner of the Company; Mr. Wayne Yao as Director of the Company; Mr. Haiyong Yu as Director of the Company; and Mr. Xuefeng Ruan as Director of the Company.  Those appointments shall be effective as of the conclusion of the Meeting. To approve the change in members of Board of Commissioners and Directors, as follows: Board of Commissioners Eddie Junianto Subari               :  President Commissioner Anton Setianto Soedarsono         :  Independent Commissioner Nalinkant Amratlal Rathod         :  Commissioner Kanaka Puradiredja                   :  Independent Commissioner Y.A. Didik Cahyanto                  :  Independent Commissioner Jinping Ma                                :  Commissioner Benjamin Bao                            :  Commissioner Thomas M. Kearney                   :  Commissioner     Directors Saptari Hoedaja                         :  President Director Andrew C. Beckham                   :  Director Dileep Srivastava                        :  Independent Director R.A. Sri Dharmayanti                 :  Director Wayne Yao                                :  Director Haiyong Yu                               :  Director Xuefeng Ruan                            :  Director The composition and terms of office of the Board of Commissioners and Directors shall take effect as of the conclusion of this Meeting until expiry thereof in accordance with the articles of association of the Company, without affecting the rights of shareholders to dismiss any of them at any time in accordance with the prevailing provisions. To grant full powers and authority with the right of substitution to Directors of the Company, either individually or jointly, to perform any action necessary in relation to the resolutions as adopted and/or resolved in this Meeting, including but not limited to, formalizing the appointment of Board of Commissioners and Directors in a Notarial Deed and register the aforesaid composition of Board of Commissioners and Directors in the Company Register in accordance with existing laws and regulations. To approve the grant of authority to Board of Commissioners of the Company to determine the amount of salary, honorarium, and other allowances (if any), as well as distribution of duties and authority of each member of Directors and Board of Commissioners.

 
AGM of the Company was concluded at 10.58 Western Indonesia Standard Time.

 

Jakarta, 20 June 2017
PT BUMI RESOURCES Tbk.
DIRECTORS