PT BUMI RESOURCES TBK., domiciled in South Jakarta, hereby would like to inform that on Friday, June 16, 2017, it has convened an Extraordinary General Meeting (hereinafter referred to as "EGM") 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 EGM was opened at 11:05 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 EGM  

 

Board of Commissioners	Directors
- President Commissioner        :  Mr. EDDIE JUNIANTO SUBARI - Independent Commissioner   :  Mr. ANTON SETIANTO SOEDARSONO - Independent Commissioner   : Mr. KANAKA PURADIREDJA - Independent Commissioner   : Mr. Y.A DIDIK CAHYANTO - Commissioner                        : Mr. THOMAS M. KEARNEY	- President Director           :  Mr. SAPTARI HOEDAJA - Director                           :  Mr. ANDREW C. BECKHAM - Independent Director      :  Mr. DILEEP SRIVASTAVA - Director                           :  Mrs. R.A. SRI DHARMAYANTI -Director                            : Mr. XUEFENG RUAN

 

2. Attendance Quorum of Shareholders

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

• Requirement for Attendance Quorum and Quorum for Adoption of EGM Resolutions;
• For the Single Agenda of EGM, the Company must comply with the  provisions of Article 86 paragraph (1) of Law of the Republic of Indonesia No. 40 of 2007 on Limited Liability Companies, provision of Article 26 paragraph (1) sub-paragraph a of Rule of OJK No.32/2014 on the Planning and Convening of General Meetings of Publicly Listed Companies and Article 11 paragraph 1.a of Articles of Association of the Company, that EGM shall be valid if attended/represented by ½ (one half) of total number of  issued shares carrying valid voting rights and that resolutions shall be approved by more than ½ (one half) of total votes validly cast thereat.
• The EGM was attended by shareholders or their authorized proxies present or represented thereat amounting to 20,255,665,002 (twenty billion-two hundred fifty five million-six hundred sixty five thousand and two) shares or accounting for 55.30% (fifty five point  thirty 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 EGM.
• Hence, based on the attendance quorum, the EGM is valid and may therefore adopt valid and binding resolutions for its whole agenda.

 

Single Agenda Item of EGM: Approval for the Company’s proposed plan for issuance of Stock Options to Directors and Board of Commissioners (Management Stock Option Program, MSOP) and to the Company’s Employees (Employee Stock Option Program, ESOP) in accordance with Rule of OJK No. 38/POJK.04/2014, including change of capital structure with respect to the implementation thereof.
Number of Shareholders Raising Questions	None
Voting Results	In Favor	Abstention	Again
Meeting approved by a majority of votes	Amounting to 19,909,407,650 (nineteen billion - nine hundred nine million - four hundred seven thousand -six hundred and fifty) shares or accounting for 98.29% (ninety eight point twenty nine percent) of total number of valid votes counted at the EGM.	Amounting to 11,400,000 (eleven million – four 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 million – two hundred fifty seven thousand – three hundred and fifty two) shares or accounting for 1.71% (one point seventy one percent).
Resolutions of Single Agenda Item of EGM	To approve the Company’s proposed plan to issue Stock Options to Directors, Board of Commissioners and Employees (Management/Employee Stock Option Program, M/ESOP) in pursuance of Rule of OJK No. 38/POJK.04/2014, including change of capital structure with respect to the implementation thereof, in accordance with Information to Shareholders of May 9, 2017 and Additions to Information of June 14, 2017, as well as any future changes thereto.  To approve the grant of powers and authority to Directors of the Company upon approval of Board of Commissioners to establish the procedure and requirements deemed advisable for the implementation of M/ESOP. for issuance of new shares of the Company in respect of the implemention of M/ESOP. To approve the grant of powers and authority to Directors of the Company to perform any necessary acts in relation to the implementation of M/ESOP in accordance with the prevailing laws and regulations.

 
EGM of the Company was concluded at 11.19 Western Indonesia Standard Time.

 

PT BUMI RESOURCES TBK.
DIRECTORS