To fulfill the Financial Services Authority Regulation Number 34 / POJK.04 / 2014, regarding the Nomination and Remuneration Committee of Issuers or Public Companies, below are the Guidelines for implementing the Nomination and Remuneration function by the Board of Commissioners.

Nomination Function

1. Provide recommendations regarding :
   1. Composition of members of the Board of Directors and / or Board of Commissioners: policies and criteria needed in the Nomination process.
   2. Performance evaluation policy for members of the Board of Directors and / or Board of Commissioners.
2. Assess the performance of members of the Board of Directors and / or members of the Board of Commissioners based on benchmarks that have been prepared as evaluation material
   1. Provide recommendations on capacity building programs for members of the Board of Directors and / or the Board of Commissioners
   2. Propose candidates who meet the requirements as members of the Board of Directors and / or members of the Board of Commissioners to be submitted to the General Meeting of Shareholders (GMS)

Remuneration Function

1. Provide recommendations regarding the structure of Remuneration, policies on Remuneration and the amount of Remuneration.
2. Evaluating performance with the suitability of Remuneration received by each member of the Board of Directors and / or members of the Board of Commissioners.

Etiquettes and Work Procedures

1. In carrying out the Nomination function, the following procedure must be carried out:
   1. Identify and propose candidates who fulfill the requirements as members of the Board of Directors and / or members of the Board of Commissioners for further submission to the General Meeting of Shareholders (GMS) for approval.
   2. Review and set the following :
      1. Structure, number and composition of the Board of Directors and / or Board of Commissioners
      2. Policies and criteria for prospective members of the Board of Directors and / or members of the Board of Commissioners
      3. Performance appraisal policy for members of the Board of Directors and / or members of the Board of Commissioners
      4. Program for developing the capacity and competence of members of the Board of Directors and / or members of the Board of Commissioners
2. In carrying out the Remuneration function, the following procedures must be carried out :
   1. Remuneration structure for members of the Board of Directors and / or members of the Board of Commissioners; Remuneration can be in the form of fixed or variable salaries, honoraria, incentives and / or benefits.
   2. Remuneration Policy for members of the Board of Directors and / or members of the Board of Commissioners.
   3. Remuneration amount for members of the Board of Directors and / or members of the Board of Commissioners.
   4. In determining the structure, policy and amount of remuneration for members of the Board of Directors and / or members of the Board of Commissioners, it must pay attention to :
      1. Remuneration that applies to industries with business activities and / or similar business scale to companies.
      2. The duties, responsibilities and authority of members of the Board of Directors and / or members of the Board of Commissioners are related to the achievement of targets and company performance.
      3. Target and performance of each member of the Board of Directors and / or members of the Board of Commissioners.
      4. Balance of fixed or variable benefits.
   5. Structure, policy and amount of remuneration must be evaluated at least 1 (one) time in 1 (one) year.

Organizing Meetings
Meetings related to Nomination and Remuneration must be held with the following conditions :

1. Meetings related to Nomination and Remuneration are held regularly at least 1 (one) time in 4 (four) months.
2. Meeting decisions related to Nomination and Remuneration are taken based on deliberation to reach consensus
3. Each meeting related to Nomination and Remuneration is stated in minutes of meeting, including if there are dissenting opinions signed by all present.

Activity Reporting System

1. Reports related to Nomination and Remuneration must be documented and reported at the General Meeting of Shareholders (GMS).
2. Implementation of functions related to Nomination and Remuneration must be disclosed in the Annual Report and the Company's website.

Provisions for Sanctions
Members of the Board of Directors and / or Board of Commissioners who are proven to violate the provisions of the Articles of Association and / or the Code of Ethics of the Company, the Company through a Joint Meeting of Directors and / or Board of Commissioners has the right to provide non-financial or financial sanctions.

Change
The guidelines of the Board of Directors and Board of Commissioners of the Company will be reviewed periodically according to the dynamics, interests and business development of the Company.

Closing word
The guidelines of the Board of Directors and Board of Commissioners of the Company come into force as from June 27, 2019.