The Board of Directors of the Company hereby invites the Shareholders to the Annual General Meeting of Shareholders (“Meeting”) of the Company, which to be convened on:

Day/Date : Friday, June 16, 2017
Time     : 10:00 WIB – end
Place    : Strata Room, 5th floor
Hotel Alila Jakarta
Jl. Pecenongan Kav. 7-17,
Jakarta 10120

Meeting Agendas:

  1. Approval of the:
    • Annual Report 2016 and ratification of consolidated financial report of the Company; and
    • supervisory report of the Board of Commissioners of the Company, for the fiscal year which ended on December 31, 2016;
      According to the Company’s Articles of Association and Law Number 40/2007 regarding Limited Liability Company (“UUPT”), Annual Report and supervisory report of the Board of Commissioners of the Company shall obtain approval from the General Meeting of Shareholder (“RUPS”), also consolidated financial report of the Company shall be ratified by RUPS. Therefore, the Company propose this agenda for the Meeting.
  2.  Approval of the use of the Company’s net income for the fiscal year which ended on December 31, 2016;
    According to the Company’s Articles of Association and UUPT, the use of the net income of the Company shall be decided in RUPS. Therefore, the Company propose this agenda for the Meeting.
  3.  Approval to appoint the public accounting firm to audit the Company’s financial report for the fiscal year that ended on December 31, 2017, and granting authority to the Board of Directors to determine the honorarium to the appointed public accounting firm;
    According to the Company’s Articles of Association, Annual General Meeting of Shareholders of the Company will appoint public accounting firm to audit ongoing fiscal year. Therefore, the Company propose this agenda for the Meeting.
  4. Approval of delegation of authority to the Board of Commissioners of the Company regarding the determination of honorarium and other allowances for the members of the Board of Directors and members of the Board of Commissioners of the Company;
    According to the Company’s Articles of Association and UUPT, the amount of honorarium and other allowances for the members of the Board of Directors and members of the Board of Commissioners of the Company are determined by RUPS, in which the authority of the Meeting may be delegated to the Board of Commissioners. Therefore, the Company propose this agenda for the Meeting.
  5. Approval to transfer and/or pledge of more than 50% (fifty percent) assets of the Company as collateral of debt on behalf of the Company, whether for past funding which has been accepted by the Company, or for new funding originating from banking sources and/or issuance of securities;
    According to the Articles of Association of the Company, if the Company wish to transfer and/or pledge more than 50% (fifty percent) assets of the Company as collateral of debt on behalf of the Company, the Company shall obtain such approval from the RUPS. Therefore, the Company propose this agenda for the Meeting.
Notice:
  1.  This invitation is formal invitation to the Shareholders of the Company.
  2. Those entitled to attend or be represented at the Meeting are:
    1. For the shares of the Company that has not been included in collective custody, only shareholders or proxies of the shareholders authorized whose names are recorded in the Register of Shareholders of the Company at the Securities Administration Bureau of the Company, PT Electronic Data Interchange Indonesia, on May 23, 2017 until 16.00 WIB.
    2. For the shares of the Company in the Collective Custody, only shareholders or proxies of the shareholders authorized whose names are recorded on the account holder or the custodian bank in PT Kustodian Sentral Efek Indonesia on May 23, 2017 until 16.00 WIB.
  3. a. The shareholders who are unable to attend may be represented by proxy with valid Power of Attorney as determined by the Board of Director (“POA”) with the terms and conditions that members of Board of Directors, Board of Commissioners and the Company’s employees may act as the proxy at the Meeting, but their voting rights cannot be used during the vote.

 b. POA Form may be obtained during business hours on any business day at the offices of the Company PT Bukit Uluwatu Villa Tbk., Talavera Office Park, 12th floor, Jl. T.B. Simatupang Kav 22-26, Cilandak, South Jakarta 12430.

c.  All of the POAs must be received by the Board of Director no later than three (3) business days prior to the date of the Meeting.

  1. Shareholders or their proxies who will attend the Meeting are kindly requested to bring and submit a copy of the Collective Stock Letters and signs of identity in the form of ID Card or Passport to the registrar before entering the meeting room. Shareholders which are legal entities, cooperatives, foundations or pension funds are kindly requested to bring and submit a copy of the deed of establishment and the latest article of association and the latest deed of appointment of the Board of Directors and Board of Commissioners of its respective company. For shareholders whose shares in collective custody must bring and submit a written confirmation for the Meeting which can be obtained through exchange members or custodian bank.
  2. Materials related to the Meeting will be available at the Company’s office during working hours on any business days since this invitation date until the time of the Meeting.
  3. To put the Meeting in order, shareholders or proxies of the shareholder are expected to fill the list of participants provided by the Company no later than 30 minutes before the Meeting begins.

Jakarta, May 24, 2017

Board of Directors of the Company