ENGLISH VERSION - First Media · 2018. 4. 3. · ENGLISH VERSION Further information on the First Media Annual Report can be obtained by contacting the Corporate Secretary of PT First

157Annual Report PT Firrst Media Tbk. 2015

ENGLISHVERSION

158 Laporan Tahunan PT First Media Tbk. 2015

ENGLISH VERSION

159Annual Report PT First Media Tbk. 2015

TABLE OF CONTENTS

IntroductionTable of ContentEnliven the Broad WorldDefinition and abbreviationFinancial HighlightsBusiness and Operational HighlightsShare Values and Share Performance

Management ReportMessage from the Board of CommissionersReport from the Board of Directors

General ReportFirst Media OverviewFirst Media ProfileMilestoneAwards and CertificationImportant Event 2015Company IdentityVision, Mission of Company and Business StategyArticle of AssociationProduct and ServicesFirst Media ManagementProfile of the Board of CommissionersProfile of the Board of DirectorsInformation of ShareholdersChronology of Shares OwnershipCompany Organization StructureStructure of Subsidiary Entity of CompanySubsidiary Entity of CompanyMailing List

Management Discussion and Analysis (MDnA)

Good Corporate Governance (GCG)

Human Resources

Corporate Social Responsbility (CSR)

Cross Reference Regulation of BAPPEPAM – LK X.K.6

The Last Page

Statement of Member of Board of Commissioners and

Board of Directors regarding Responsibility for Annual

Report

Financial Report

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ENGLISH VERSION

At the World Summit On the Information Society that was held in 2003 and 2005, expressed the hope that all countries in the world follow the

development plan of the world towards the information society with an emphasis on human well-being (people-centered development) by utilizing

Information and Communication Technology (ICT). Taken into account in 2015, these expectations can be met in part, that at least half of the world’s

population should have access to information with ICT facilities.

In its development, the Technology, Media and Telecommunications (TMT) industry-based has a glorious chance to become the world’s business

leaders. Moreover, many studies that directs that the world economy in the future is largely determined by creative economic development with the

main pillars of strength of the ICT sector.

The Indonesian government is very aware of it. The Design of Indonesian Broadband Plan (Rencana Pitalebar Indonesia/RPI) 2014-2019 became

mandatory by the Committee Acceleration and Expansion of the Indonesian Economic Development (KP3EI) 2011-2025 to become the engine of

economic development of Indonesia in the future. RPI will encourage the mastery of science and technology that improve the quality of Indonesian

human resources, establish Indonesian industry sources connections, improve the productivity of the creative economy, and at the same time

promoting it. ICT is certainly become one of the pillars of economic development power of Indonesia in the future.

RPI 2014 - 2019 as stipulated in the Presidential Regulation No. 96 Year 2014 is defined as internet access in the guarantee of connectivity that

is always connected, guaranteed durability and safety information as well as have the triple-play ability with a minimum speed of 2 Mbps for fixed

access and 1 Mbps for mobile access.

PT First Media Tbk is a pioneer of telecommunications services and multimedia integrated in Indonesia since the beginning carries the concept

of TriplePlay, namely the subscription television service (HomeCable), broadband high speed internet service (Fastnet), and data communications

services through a network of digital telecommunications (DataComm).

Looking at the competition in the ICT business that increasingly stingent, the Company views that the network expansion and technology

development alone is no longer enough. Along with the development of backbone network and its configuration, the Company developed a wireless

telecommunications services using Long Term Evolution (LTE) technology under the trade name “Bolt! Super4GLTE”.

In line with the Company’s commitment to be a leader in TMT industry in Indonesia, the Company also expanded its services as a content provider

to the broadcast television network subscription television services and business operation engaged in the cinema theater network provider. The

broadcast television content and cinema services business has become one of the important aspects of the Company’s activities in providing added

value and differentiating the services of the Company.

Currently, the Company is the holding company of a group of companies engaged in the field of telecommunications service providers with

infrastructure network, and network service providers of subscription television which also produces broadcast content and cinema service providers

with theater network with a range of operation region spread in Indonesia. The Company has contributed greatly to the needs of the people of

Indonesia on integrated digital telecommunications and broadcast television content services that ENLIVEN the Indonesian people’s lives to connect

with BROAD WORLD.

The Sustainabillity of Annual Reports’ Theme

The Theme of the Company’s 2012 Annual Report

Road to the Future

Since the two previous years, the Company has become one of the companies of high-speed broadband networks services provider and the leading

pay-TV in Indonesia. Therefore, in order to express a unified service through high-speed broadband, including in delivering pay television broadcast

service, the Company uses the words BROADBAND UNITED within each theme of the Company’s Annual Report. The theme of “Road to the Future”

describes that the Company is a service provider of high speed broadband networks and television broadcasting subscription that is partnering with

local communities to build their future.

Enliven the Broad World(Enliven the life of the people of Indonesia

to connect with the Broad World)

See Page: 10



Welcoming the Future

People in Indonesia to be part of a world community that welcomes the rapidly change of the face of life of the world due to the influence of

the rapid development of ICT. Observing the development of ICT and change lives of people around the world, the Company helped to improve

the performance of mobile broadband services and subscription television broadcasting with continue to renew ICT and expand the network

configuration for welcoming the future by the readiness of the technology that continues to be developed.


Broadband Leader

The strategic measures of the Company in increasing the performance of the company in 2014, covering dignified business ethics, policies and

procedures, risk management, internal control and supervision, leadership, management of tasks and responsibilities, empowerment of management

and employees, in line with the ICT development and expansion of the network configuration services the Company has changed the positioning

of the Company from the pioneer of telecommunications and multimedia services integrated in Indonesia, being a network provider of high-speed

broadband services and subscription television broadcasts leading in Indonesia to become the best partner for the community in welcoming the

increasingly sophisticated future.


Enliven the Broad World

Enliven the life of the people of Indonesia to connect with the Broad World

In recent years, the needs of most people in urban areas in Indonesia on the access internet services is increasing. This phenomenon continues

to spread to the community at various levels of society throughout Indonesia. The need to access information, entertainment, education, work, to

actualize themselves in the midst of a society that is increasingly competitive becoming increasingly widespread. Everyday’s life is increasingly

splendour with internet service network that is supported by the rapid development of ICT. As a network provider of high-speed broadband services

and subscription television broadcast in Indonesia, the Company is able to brighten the lives of the people of Indonesia that connected with people’s

lives throughout the world.

ANNUAL REPORT IN BRIEF

This 2015 Annual Report presents the Company’s performance in the areas of finance, business, and operations and significant events experienced

by the Company for the period ended on December 31, 2015. The information and data presented in this Annual Report is sourced on the

consolidated financial data of the Company and its subsidiaries.

This Annual Report is made with reference to the Decree of the Financial Services Authority (previously Bapepam - LK), namely Regulation No.

X.K.6.

This Annual Report is based on in-depth study of the outlook for the sustainability of our business by looking at opening up opportunities

development and dynamics of Technology Media Telecommunications – TMT’s business services in Indonesia in 2015, in view of these services is

increasingly becoming a necessity for national economic empowerment and become part of people’s needs in daily life.

Therefore this Annual Report has the quality of forward-looking statements, relating to expectations and projections of operational performance and

business prospects in the future. The purpose of this report is to be part of the disclosure of the Company devoted to external and internal sphere to

become a part of learning in the organization of the Company. This is inseparable from the Company’s objective to become a company that ables to

deliver the Technology Media and Telecommunications (TMT) services.

The report also clearly describes the duties, roles and functions of the Company’s organizational structure that reflects the application of good

corporate governance, including adequate information related to policy measures that have been taken by the Company following its achievements

in 2015.


ENGLISH VERSION

Further information on the First Media Annual Report can be obtained by contacting the Corporate Secretary of PT First Media Tbk, with the address:

BeritaSatu Plaza, 4th Floor, Jl. Jend. Gatot Subroto Kav. 35-36 Jakarta 12950, Indonesia. Phone: + 62-21-5278811,

Facsimile: + 62-21-5278833 or e-mail: [email protected]. You can also download this document online through our website at

http://www.firstmedia.co.id.

THE SUMMARY OF THIS ANNUAL REPORT

The Company had to go through year 2015 with full challenge, especially in terms of recording earnings of subsidiaries with no consolidation

of LN in the financial statements of the Company, as a result of the release of some of the Company’s shareholding in LN at the end of 2014.

Nevertheless, the Company remains its goal as the leading TMT based company with continuous and consistent efforts. Throughout 2015, the

Company develops its investment in building expansion of broadband infrastructure network, developing technologies of wireless telecommunications

services and expansion in the business of media and content development.

Enliven the Broad World(Enliven the life of the people of Indonesia to

connect with the Broad World)

Financial HighlightsSee page: 18

Business and Operational HighlightsSee page: 19

Share Values and Share Performance

See page: 20

Ikhtisar Keuangan Financial Highlights

Dalam Jutaan Rupiah

(kecuali dinyatakan lain)

2015 2014 2013 In Millions of Rupiah(except stated otherwise)

KINERJA NERACA BALANCE SHEET PERFORMANCE

Aset Lancar 1.206.209 1.479.197 1.223.581 Total Current Assets

Aset Tidak Lancar 12.505.779 11.472.749 4.018.111 Total Non Current Assets

Modal Kerja Bersih (1.915.546) 10.293 (382.626) Working Capital

Jumlah Aset 13.711.988 12.951.946 5.241.692 Total Assets

Liabilitas Jangka Pendek 3.121.755 1.468.904 1.606.207 Total Current Liabilities

Liabilitas Jangka Panjang 2.125.762 2.117.656 1.201.387 Total Non Current Liabilities

Jumlah Liabilitas 5.247.517 3.586.560 2.807.594 Total Liabilities

Ekuitas Bersih 8.464.471 9.365.386 2.434.098 Stockholders’ Equity - Net

KINERJA USAHA OPERATING

Pendapatan 1.062.980 2.024.973 1.754.102 Revenues

Laba (Rugi) Kotor (358.521) 1.433.057 1.279.988 Gross Profit (Loss)

Biaya Operasional 674.809 628.062 718.015 Operating Expenses

EBITDA (1.033.330) 804.995 561.973 EBITDA

Penyusutan & Amortisasi 748.826 391.657 361.992 Depreciation & Amortization

Keuntungan dari Divestasi Entitas Anak 15.233 7.828.319 - Gain from Divestment

Laba (Rugi) Tahun Berjalan Setelah Penyesuaian Proforma (1.513.714) 7.943.319 19.937 Profit (Loss) for The Year after Proforma Adjustments

Laba (Rugi) yang dapat diatribusikan kepada: Income (Loss) Attributable to:

Pemilik entitas induk (624.967) 7.737.476 (103.375) Equity Holders of the Parent Entity

Kepentingan Non-Pengendali (888.747) 205.843 123.312 Non - Controlling Interests

Jumlah Laba (Rugi) Komprehensif Tahun Berjalan (1.289.061) 7.944.488 19.937 Total Comprehensive Income (Loss) for the Year

Laba (Rugi) Komprehensif yang dapat diatribusikan kepada: Comprehensive Income (Loss) Attributable to:

Pemilik Entitas Induk (507.683) 7.738.818 (103.375) Equity Holders of the Parent Entity

Kepentingan Non-Pengendali (781.378) 205.670 123.312 Non - Controlling Interests

Laba (Rugi) Per Saham Dasar* (359) 4.441 (59) *Basic Income (Loss) Per Share

RASIO (%) RATIOS (%)

Marjin Laba Kotor (33,73) 70,77 72,97 Gross Margin

Marjin EBITDA (97,21) 39,75 32,04 EBITDA Margin

Marjin Laba Tahun Berjalan (142,40) 392,27 1,14 Profit for The Year Margin

Rentabilitas Modal (17,88) 84,82 0,82 Return on Equity

Rentabilitas Aset (11,04) 61,33 0,38 Return on Assets

Rasio Lancar 38,64 100,70 76,18 Current Ratio

Rasio Liabilitas terhadap Ekuitas 61,99 38,30 115,34 Debt to Equity Ratio

Rasio Liabilitas terhadap Aset 38,27 27,69 53,56 Debt to Assets Ratio

Catatan:

*) Laba bersih per saham disajikan dalam Rupiah penuh *) Earning per share are presented in full IDR

TELEPHONE

DATA COMMUNICATION

BASE TRANSCEIVERSTATION

IN-BUILDING SOLUTION

MOBILE

CINEMA

HOME PASSED

1.757.627SUBSCRIBERS

PRIMAWIRAUTAMA

1.67 MILLIONHOME PASSED

94BUILDINGS

10.118 KILOMETERFIBER OPTIC

12.741 KILOMETERCOAXIAL CABLE

3.600BTS

1.300CORPORATE

177SUBSCRIBERS

14CINEMAS

85SCREENS

59 DAS

28 WIFI

IKHTISAR BISNIS DAN OPERASIONAL2015

INTERNET SERVICEPROVIDER


RIWAYAT PENCATATAN SAHAM DI BURSA EFEK INDONESIA*History of Registration of Shares on The Indonesia Stock Exchange

Asal Saham Origin of Shares

Tanggal Pencatatan Listing Date

Tambahan Jumlah Saham (Lembar)

Addition Number of Shares

Jumlah Saham Beredar Setelah Transaksi

Total Outstanding Shares After Transaction

Nilai Nominal Per Lembar Saham (Rp)

Nominal Value Per Share (Rp)

Penawaran Umum Perdana Initial Public Offering

27 Januari 2000 20.000.000 20.000.000 500

Pencatatan Seluruh Saham di Bursa Company Listing

25 Pebruari 2000 354.300.000 374.300.000 500

Penawaran Umum Terbatas I Right Issue I

2 Pebruari 2007 441.674.000 815.974.000 500

Exercise Waran Seri I Exercised Warrant Serie I

27 Juni 2008 13.000.000 828.974.000 500

Exercise Waran Seri I Exercised Warrant Serie I

1 Juli 2008 500.000 829.474.000 500

Penawaran Umum Terbatas II Right Issue II

24 Mei 2010 912.421.400 1.741.895.400 500

Exercise Waran Seri II Exercised Warrant Serie II

28 Januari 2011 1.500 1.741.896.900 500


11 Juli 2011 78 1.741.896.978 500


3 Mei 2013 270.929 1.742.167.907 500

*) Sebelumnya Bursa Efek Surabaya(before The Surabaya Stock Exchange)

IKHTISAR KINERJA SAHAMShare Performance Highlights

KINERJA SAHAMSHARE PERFORMANCE

2015 2014

Laba ( Rugi ) Per Saham Dasar (Rp)Basic Loss Per Share (Rp)

(359) 4.441

Jumlah Saham yang Beredar (Saham)Outstanding Shares (Shares)

1.742.167.907 1.742.167.907

Jumlah Saham Rata-rata Tertimbang (Saham)Weighted Average Shares (Shares)

1.742.167.907 1.742.167.907

Nilai Buku Per Saham (Rp)Book Value Per Share (Rp)

4.858 5.376

HARGA SAHAM DAN KINERJA SAHAM


Leading to become a Prominent TMT Based Company

"In order to maintain the continuity and consistency to become a prominent company in TMT-based business, the Board of Com-

missioners believes that the Company is already on the right track. The Board of Commissioners is always committed to strengthen

the monitoring functions and anticipative actions focused on strengthening risk management, good governance, and investment

control system. This is in line with the Company's vision, which is to mobilize all potentials to strengthen the Company's existence in

Indonesia."

Dear Respected Shareholders and Stakeholders,

At the end of 2014, various economic forecasts relating to the world economy stated that the world economy in 2015 would be

improved with an estimated economic growth of 3.5%. However the reality was different. Throughout 2015, the forecast of the

world economy growth continued to be corrected, reaching 2.4%. One of the reasons, among others, was the decline in export

value around the world, including Indonesia. Asian Development Bank (ADB), which initially provided an estimate of Indonesia's

economic growth in 2015 to reach 4.9%, at the end of the year revised it to be 4.8%.

Despite the correction however, overall, Indonesia like many other developing countries in the Asian region is still on the right track

and has endurance to record a relatively better economic growth compared to that of other regions in the world.

Views on Business Prospects

Indonesia's economic growth that is fairly good compared to economic growth in many other countries makes the TMT business

industrial growth rate in Indonesia continues to increase. The fact that is based on the result of a research conducted by the Associ-

ation of Indonesian Internet Network Operator (APJII) and the Center for Communication Studies, University of Indonesia (PusKaKom

UI) in 2014 stated that Internet users in Indonesia reached 88.1 million users, which is one third of the total Indonesian population

that according to the Central Statistics Agency (BPS) amounted to 252 million people, who were active users of the Internet.

The Company believes that the number of Internet users will continue to grow from year to year, considering that the community

accessing the data more and more, purchasing online, streaming audio and video content, and especially using social media. Not

to mention the importance of the availability of broadband internet services is increasing in entering the 2015 ASEAN Economic

Community (AEC 2015). The needs of telecommunication infrastructure development and internet service development indeed have

to be fulfilled throughout Indonesia.

The Board of Commissioners believes that the challenge in developing infrastructure, technology, and competition in TMT business

in Indonesia is always interesting to face. On the other hand, the needs and market opportunities that are open wide becomes

the main attraction for the Company to continue to grow for the better. Moreover, the needs of cloud computing and big data

technology, smart city development plans, as well as the needs for media convergence technology development can no longer be

postponed. The development of all TMT business lines in turn will certainly contribute greatly to the creative economic empower-

ment and economic growth in Indonesia.

The Board of Commissioners views that the Directors have very well mapped out the Company's plan to achieve success in

2015, including in developing the human resource capacity that is counted to contribute to the Company's performance growth.

The targets set by the Directors have been established in line with various aspects including internal and external conditions of the

Company.

Views on 2015 Company Performance

The Board of Commissioners believes that the Company was able to record good performance in 2015 despite the Company's

revenues decreased due to LN was not consolidated in the Company's books. The Company still managed to grow business and

reflect the Company's position as one of the leading TMT business players in the country, by expanding its business on developing

wireless broadband internet access (broadband wireless access) and a cinema network.

Message from the Board of CommissionersSee page: 22


Theo SambuagaPresiden Komisaris PT First Media Tbk.


ENGLISH VERSION

Based on the above, the Board of Commissioners views that the Company's performance succeeded to apply the right strategy to

achieve the established targets based on analysis and various proper inputs. The Company's main program, which is strengthening

BOLT!, continues to have performance on mobile broadband industry, building and realizing the digital society. Going forward, the

Company will continue this strategy to create an even better performance.

Implementation of Good Corporate Governance and Monitoring by the Board of Commissioners

The Board of Commissioners views that a disciplined supervision needs to be conducted in the Company in implementing and

enforcing good corporate governance according to the best practices to be the basis of a solid foundation in managing the

Company in order to grow sustainably in the future. The implementation of good corporate governance throughout 2015 focused

on improving the quality of corporate governance that includes a review of the implementation of good corporate governance and

stabilization of GCG program conducted by the Company.

In implementing good corporate governance, the Board of Commissioners participated in the monitoring role by holding regular

meetings. The role of the Board of Commissioners has become increasingly important in implementing the principles of good corpo-

rate governance, through its monitoring function. The supervisory function is conducted through the mechanisms of:

Board of Commissioners' Meeting

Board of Commissioners' Meeting inviting the Directors

Committee Meeting with the Directors and related units

In addition to the above, the Company is also supported by 4 (four) Independent Commissioners out of 8 (eight) members of the

Board of Commissioners.

During this time, the Company has implemented good corporate governance practices. By continually fulfilling the provisions of the

articles of association and the applicable laws and regulations in every business transaction, such as obtaining corporation approvals,

holding General Meeting of Shareholders, and disclosing information to public as a form of compliance of the Company as a

publicly listed company, becomes an evidence of such good corporate governance implementation. It has become the Company's

commitment to consistently implement corporate governance practices with the best standards to ensure that the Company is well

managed and responsible for achieving success in the future years.

Views on the Committee's Performance Under the Board of Commissioners

In carrying out the supervisory function in the implementation of corporate action, the implementation of organizational transfor-

mation and performance of the subsidiaries, the Board of Commissioners is assisted by an Audit Committee that has worked very

well and provides optimal support. Through the mechanism of meetings of the Board of Commissioners, the Directors get input,

consideration, and advice from the Board of Commissioners or through the Audit Committee to ensure that business strategies and

good corporate governance are conducted properly and in line with the vision and mission of the Company.

Changes of Board Composition

In August 2015, PT First Media Tbk was proud as one of the independent commissioners, DR. Rizal Ramli, was appointed to carry

out National task by becoming the Coordinating Minister of Maritime of the Republic of Indonesia. This is based on the Decree of

the President of the Republic of Indonesia Number 79/P of 2015 on the Replacement of Minister of State of the Work Cabinet for

the Period of 2014-2019. In accordance with the applicable laws and regulations, then DR. Rizal Ramli resigned from his position

as an Independent Commissioner of PT First Media Tbk on August 12, 2015. The Board of Commissioners through Resolutions

of the Board of Commissioners Meeting approved the resignation of DR. Rizal Ramli as an Independent Commissioner of PT First

Media Tbk. Hence, the composition of the Board of Commissioners of the Company as at August 12, 2015, is as follows:

Message from the Board of Commissioners

See page: 22


Theo SambuagaPresiden Komisaris PT First Media Tbk.


Theo L. Sambuaga :President Commissioner

Prof. DR. Didik J. Rachbini :Independent Commissioner

Prof. DR. H. Muladi, SH :Independent Commissioner

Drs. Nanan Soekarna :Independent Commissioner

DR. Drs. Ito Sumardi DS, SH, MBA, MM :Independent Commissioner

Markus Permadi :Commissioner

Benny Haryanto :Commissioner

Richard Setiadi :Commissioner

Future Targets

In line with the Master Plan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI), entering the era of AEC

2015, and the fact that Indonesian population is the world's fourth largest population of Internet users, and its double digit contri-

bution of ICT to the Gross Domestic Product (GDP) for the last 10 years, a conducive macro environment can provide a positive

stimulation for the Company's business development in 2016.

Innovation is always done by the Company, where in 2016 the Company has prepared a number of business strategies, one of

which is the development of Internet access services via satellite.

The Board of Commissioners views that the Company's business portfolio, which is Technology, Media, and Telecommunications

(TMT), must be strengthened among others by creating synergies among the subsidiaries, given that the industry will be more

competitive in the future. The Company must always be prepared to be in the front line to build a connected Indonesia in order to

make the Indonesia's economy more glorious in the future.

Appreciation to Stakeholders

On this good occasion, we would like to thank the Respected Shareholders for their support all this time to the Company.

In particular, the Board of Commissioners congratulates DR. Rizal Ramli for carrying out the Nation task as a Coordinating Minister of

Maritime of the Republic of Indonesia. The Board of Commissioners interprets such appointment as the country's and nation's trust

and pride for the Company. Thanks to his contribution, he helped deliver the outstanding performance of the Company in 2015.

The Board of Commissioners also extends gratitude and highest appreciation to the Directors and all management and employees

of First Media, who have worked hard in facing 2015, a year full of challenge.

We also express gratitude and highest appreciation to all management and employees of First Media and its subsidiaries, for their

dedication and hard work so that 2015, which was a year full of challenge, could be well overcome. Hopefully the performance

achievement of 2015 will further drive the spirit of all stakeholders to carve a better performance in 2016.

Jakarta,

For and on behalf of the Board of Commissioners,

PT First Media Tbk

Theo L. Sambuaga

President Commissioner


ENGLISH VERSION

Leading to be a prominent parent company (holding company) in TMT business, the Company expands its ICT service line to provide

the best for the community.

After successfully becoming a leading company that provides broadband internet network services both cable and wireless as well as Pay-TV net-

work services, in 2015 the Company developed a business based on the Vision of Megamedia in order to provide services that are in line with the

development of the community behavior and needs of the communities in using the Internet, or accessing information, education, and entertainment

broadcasts.

Dear Shareholders and Stakeholders,

Greetings from First Media.

The world is still under the pressure of the economic recession. The exchange rate of rupiah against dollar did not experience much change much

throughout 2015. Whereas Indonesia’s economic growth at the end of 2015 was only 4.8%. However, Indonesia’s economic policy is still on the right

track, therefore, the economic growth is still better than that of most other countries in the world.

The growth in telecommunication industry that becomes a significant part of the Master Plan for Acceleration and Expansion of Indonesia’s Economic

Development 2011–2025 makes the Government continue to encourage the growth of this industry. This is due to the increase of needs for broad-

band network services from communities who increasingly use the Internet to access information, education, and entertainment either through satellite

services or cable network to home or building. Considering that most Internet users are in the youth segment and the growing number of the middle

class uses the Internet as a digital lifestyle, this is driving the high demand for Internet network services.

The digital business growth that keeps rising also absolutely requires TMT industry growth. This is in line with the smartphone users that have generated

data traffic increase of over 100%.

The challenge faced is the increasingly widespread service requirements of Over the Top (OTT) in urban communities where the majority of the Internet

users reside. The implementation of the Asean Economic Community (AEC) in 2015 has opened up business competition of broadband network

services with companies from other ASEAN countries that have experience and more advanced technology development. Another challenge is the

world economy condition that has not improved, and the exchange rate of rupiah against dollar is not yet encouraging has made TMT business in the

country has not been developed to the maximum.

Company Performance

In general, the performance of the business units of the Company during 2015 on a consolidated basis decreased if compared to those of 2014.

This decrease was due to the Company no longer consolidates LN. The Company keeps achieving its goal as a leading company in TMT business in

Indonesia although the revenue decreased by 47.51% from Rp 2,024,973 million to Rp 1,062,980 million, however, the Company asset increased

by 5.9% if compared to that of 2014. This increase was inseparably due to the focus established by the Company in improving the quality of its

services to customers.

During 2015, the Company kept making innovations in telecommunication sector, television broadcasting, development and expansion of telecommu-

nication infrastructures and media content creation.

The development of wireless Internet access services (broadband wireless access) with 4G LTE technology was conducted by the Company through

its subsidiary, PTI, by using the trademark BOLT!. This service was developed by the Company to answer the community needs for mobile Internet

access. With the mission of “Transforming Lives”, BOLT! served the mobile internet needs with coverage areas of Jakarta, Bogor, Depok, Tangerang,

and Bekasi, as well as Medan in cooperation with the Company.

The community needs for Internet access have also been fulfilled by the Company through its subsidiary, DNN, which is engaged in the field of Internet

Service Provider (ISP) by using fiber optic networks and radio links.

Report from the Board of Directors

See Page: 30


Ali ChendraPresiden Direktur PT First Media Tbk.

167Annual Report PT First Media Tbk 2015

The development of telecommunication infrastructure in the form of in-building solution provider was done by the Company’s subsidiary, PWU, for as

many as 59 buildings and infrastructure construction of wifi for as many as 28 buildings that are scattered throughout Indonesia.

In addition, the Company strengthened its services with value added telephony services run by MSH. Until the end of 2015 this telephony service had

reached 1,312 customers.

In developing media and content creation, the Company through its subsidiaries, FMP and FMN, produces channels of news program broadcast,

information and entertainment that are delivered by subscription television service owned by the Company: Home Cable and BiG TV.

Through its subsidiary, Cinemaxx, the Company presents a theater network with cutting-edge technology that provides the best experience of watching

a movie. Until the end of 2015, Cinemaxx had already owned and operated 14 cinemas with a total of 73 screens spread across Indonesia.

Business Prospect

Even though there is the implementation of MEA that means more new competitors in the business competition, the Company remains optimistic

to welcome the future as a promising one, especially for the growth of medium consumer segment. In terms of behavior, at this time the consumer

is entering the trend for the use of streaming content application through devices aside from the television such as tablets, personal computers, and

smartphones as well as electronic commerce (e-commerce). The growth in digital product consumption will lead to a positive impact, one of which is

an increase in the data volume that has implications in the high demand for internet connection, which is an advantage of the Company. Therefore, in

the coming year the Company continues to make innovations in the development of its services, among others is providing internet services via satellite.

Corporate Governance

The Company upholds the implementation of Good Corporate Governance (GCG), consistently and gradually improving it by equipping itself with sup-

porting tools of Good Corporate Governance. The Corporate Legal Division is involved in every process of various lines of activities of the Company to

ensure compliance with the applicable regulations, and in accordance with the Company’s vision, mission, and values that have been established. The

Company also has the Company Regulations, Guidelines on the Code of Ethics and Professional Responsibility, as well as various Standard Operational

Procedures. Therefore, the Company can ensure that provisions of Good Corporate Governance are implemented in the best way possible.

The Company uses a top-down approach by implementing laws and regulations, best practice, and applying corporate culture. The Company imple-

ments Good Corporate Governance including transparency, accountability, responsibility, and fairness. GCG implementation is done rigorously and also

supported by all parties.

To ensure the implementation of GCG, the Company focuses its responsibility in controlling the Company’s operations. Each month the Directors review

the activities that have been carried out and will be carried out by the Company by holding coordination meetings between the Company and the

management of each subsidiary of the Company.

In order to improve the standard of good work, the Company has an Audit Committee that is responsible to the Board of Commissioners and an Internal

Audit division that is responsible to the Company’s Board of Directors.

Corporate Social Responsibility

As part of the implementation of Good Corporate Governance, the Company also has concerns to the surrounding environment. The realization of the

Company on the surrounding environment is in the form of the Corporate Social Responsibility (CSR) by participating in any social activities such as

granting scholarships, blood donation, providing Internet services to several schools in rural areas, and several other activities.

Human Resources Development

In the effort to become a leading company in TMT business, as well as to expand the range of services and to continuously face the increasingly fierce

competition, the Company is aware of the importance to increase employees’ competencies along with strengthening the integrity. The Company’s

Human Resources Division holds a quality improvement program for the employees through structured and planned training and education to prepare

the Human Resources in running TMT business services effectively and in order that the Company is able to maintain its position as a leading company

in TMT business.


ENGLISH VERSION

Corporate Culture

In conducting its business, the Company continues to maintain ethics in running the business that refers to discipline in providing quality service, inno-

vation in the development, being aggressive in market penetration, and giving attention to people and the environment.

Corporate Action

At every corporate action, the Directors always comply with all applicable laws and regulations as well as the Company Regulations.

Throughout 2015, the Company released all of its ownership in FMTV to one of the subsidiaries of the Company, LN. The corporate action is in line

with the focus of the Company’s business strategy.

Changes of Directors’ Composition

An excellent achievement was accomplished by the Company in 2015, where it was the result of hard work and cooperation between the Directors

and all of the Company’s employees along with its subsidiaries.

Based on the foregoing, the Company states that there has been no changes in the composition of the Directors of the Company since 2014, thus,

the composition of the Directors is as follows:

Ali Chendra : President Director

Irwan Djaja : Vice President Director

Harianda Noerlan : Independent Director

Dicky Setiadi Moechtar : Director

Johannes Tong : Director

Anthony C. Kartawiria : Director

Richard Kartawijaya : Director

Appreciation

The Directors expresses their gratitude and highest appreciation to all shareholders and stakeholders of the Company, the Board of Commissioners,

and the entire management and employees who had worked hard to achieve good performance during 2015. The highest possible appreciation is also

given to Government Institutions, customers, business partners, Capital Market community, mass media that have been supporting the Company’s work.

The Directors are hoping that the success will always belong to us all and the cooperation thus far undertaken comprehensively and in full harmony

may continue.

Jakarta,

For and on behalf of the Directors,

PT First Media Tbk

Ali Chendra

President Director

Report from the Board of Directors

See Page: 30


Ali ChendraPresiden Direktur PT First Media Tbk.


Company known as pioneer telecommunication service and multimedia with promoted the services tripleplay, namely the

wires with the internet services a broadband high speed (FastNet), subscription television services (Homecable), and services

telecommunication service digital (DataComm). Currently, Company has provided QuadruplePlay by adding the services of broad

band high speed (BOLT!) and wireless services subscription satellite television. (BiGTV). It make the Company into the leading

company in TMT business.

Company through its subsidaries countinues to adapt technologies and build a sinergy the products, services, and solution so that

community can connec access information, education, business, and entertainment available in the worldwide.

The good coordination and frequent between Company and its subsidaries who provide internet access (PT Link Net Tbk and

PT Internux) and subscription television services (PT First Media Television and PT Indonesia Media Televisi) with other Company

subsidaries who provide content (PT First Media Production and PT First Media News), and the subsidaries who engaged in

telecommunication infrastructure (PT Prima Wira Utama).

The Company establish in the year 1994 with name PT Safira Ananda domiciled in Jakarta has changed several time name and the

last change was in 2007 to become PT First Media Tbk.

Company Vision is “To become a leading intergrated megamedia service operating company in Indonesia taking advantage of

broadband internet technology in order to create added values for the stakeholders.” Company has six mission:

• To become the pioneer in its field

• Prioritize competencies and professionalism

• Focus on customers

• Become the main choice in building career

• Responsible Business actors

• Have working Spirit

To reach vision, mision the Company to the challenge into a leading TMT company, and face competition in business

telecommunication more rigorous, Company constantly seek convergence technology, media and telecommunication.

Transformation of human resources also preferred program the Company to provide opportunities and ability development for

employees of the Company to giving the best service for customers.

First Media OverviewSee Page: 38

40

First Media ProfileSee Page: 40

4343434343434333443434Annual Report PT FirsAAnnual Report PT Firsort PT First MMedia Tbk. 2015t M

Nama Perusahaan : PT First Media TbkKode Saham : KBLVNama Komersial : First Media / FMBidang Usaha : Telekomunikasi dan Penyedia KontenNPWP : 01.707.304.0-054.000TDP : 09.03.1.61.34391Domisili : JakartaAlamat : BeritaSatu Plaza lt.4, Suite 401,

Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950Telepon : 021-5278811 / 021-55777755

Faksimili : 021-5278833Website : www.firstmedia.co.idEmail : [email protected] berdiri : 6 Januari 1994

First Media Profile

Company Name PT First Media Tbk

Stock Code KBLV

Commercial Name First Media / FM

Business Field Telecommunication and Content Provider

Business Activities (i) Telecommunication network provider through cable and non-cable, either by fixed network

and mobile network;

(ii) Telecommunication service provider, either by fixed network and mobile network; and (iii)

Provider, aggregator and distributor of multimedia content.

Taxpayer Registration Number 01.707.304.0-054.000

Company Registration Certificate 09.03.1.61.34391


ENGLISH VERSION

Permanent Business License Head of BKPM Decree No. 297/T/Perhubungan/2002 dated October 9th, 2002 in regards to

Permanent Business License, Head of BKPM Decree No. 415/T/Perhubungan/2004 in regards

to Expansion License, Head of BKPM Letter No. 19/1/IU/III/PMDN/TELEKOMUNIKASI/2011

dated June 27th, 2011 in regards to Amendment of Business Field and Type of Production

Operational License Minister of Telecommunication and Information Decree No. 420/ KEP/M.KOMINFO/11/2009

dated November 6th, 2009 in regards to License of Local Fixed Network Operation Packet

Switched Based as amended with Minister of Telecommunication and Information Decree No.

179/ KEP/M.KOMINFO/04/2012 dated April 2nd, in regards to Amendment of Minister

of Telecommunication and Information Decree No. 420/ KEP/M.KOMINFO/11/2009 dated

November 6th, 2009 in regards to License of Local Fixed Network Operation Packet Switched

Based.

Domicile Jakarta

Address BeritaSatu Plaza lt.4, Suite 401, Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950

Faximile 021-5278811 / 021-55777755

Website 021-5278833

Email www.firstmedia.co.id

Date of Incorporation January 6th, 1994

First Media ProfileSee Page: 40

434343434343433343434343Annual Report PT FirsAAnnual Report PT Firsort PT First MMedia Tbk. 2015t M

Nama Perusahaan : PT First Media TbkKode Saham : KBLVNama Komersial : First Media / FMBidang Usaha : Telekomunikasi dan Penyedia KontenNPWP : 01.707.304.0-054.000TDP : 09.03.1.61.34391Domisili : JakartaAlamat : BeritaSatu Plaza lt.4, Suite 401,

Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950Telepon : 021-5278811 / 021-55777755

Faksimili : 021-5278833Website : www.firstmedia.co.idEmail : [email protected] berdiri : 6 Januari 1994

2015 • Cooperation between the Company and Internux in related to providing broadband wireless access service by using 4G LTE technology in Northern part of Sumatra.

• Through its subsidiary, PTI, launched the products such as BOLT!4G Powerphone E1, BOLT! 4G Tablet X1, BOLT! Mobile WiFi Hydra, introduced BOLT! Talk application, and conducted strategic collaboration between BOLT! and Samsung and also introduced ULTRA LTE.

• Through its subsidiary, MSH, conducted partnership to install PABX with Bank Permata. • Company subsidiary, PWU, conducted its in building solution with 5 prominent operators in Indonesia. PWU also expand its

business to Bali, Medan and Bogor. • The Company and BMPA established DSM.• The Company released its shares ownership in FMTV to other Company subsidiary which is LN and CIAT.

2014 • Launch of Android technology based STB (Set-Top-Box).• Re-Branding First Media Live to First Media GO.• Company acquisition:

1. PT MSH Niaga Telecom Indonesia2. PT Delta Nusantara Networks3. PT Prima Wira Utama4. PT Mitra Mandiri Mantap5. PT Cinemaxx Global Pasifik

2013 • Network achieved 1 million Homepassed.• Launched of subscribed television service through satellite with the name ”BIGTV”.• Introduced FastNet 100 Mbps service.• Network Expansion to Bandung.• Owned 50 High Definition channels in HomeCable service.• Excercised Warrant Series II.

2012 • Introduced PVR (Personal Video Recorder) features and OTT (Over The Top) technology namely watching television broadcast through internet (online) in the form of First Media Live application.

MilestonesSee Page: 42

45

PRODUCTION

TELEVISION

Peluncuran layanan televisi berlangganan

Memperkenalkan layanan FastNet 100 Mbps

Re-Branding First Media Live menjadi

yaitu menyaksikan siaran televisi

Kerjasama antara Perseroan dengan Internux dalam hal penyediaan jasa akses data nirkabel pita

Entitas anak Perseroan yaitu PWU melakukan kerjasama in-building solution (penguat sinyal dalam

Perseroan melepas kepemilikan sahamnya di FMTV kepada entitas anak Perseroan lainnya yaitu LN

2012

2013

2014

2015


2011 • Network Expansion (New Roll-Out).• Launched Video on Demand.• Introduced BeritSatu Channel.• Exercised of Warrant Series II.

2010 • Introduced FastNet Kids.• HomeCable Family Plus.• First HD Channels in Indonesia.• FastNet 20 Mbps.• Premium Call Center.• NSIA Online Payment Facility.• Right Issue II.

2009 • Income increased 36% reaching Rp 772 billion and EBITDA totaling Rp 199 billion.• Obtained the Broadband Wireless Access (BWA) license for Jabodetabek and Banten area as well as Northern part of

Sumatra.• Introduced FastNet 10 Mbps and FastNet SOHO, HomeCable Family and HomeCable Ultimate.

2008 • Taking over PT Link Net, a company engaged in Internet Service.• Establishment of PT First Media Production, PT First Media Television dan PT First Media News.• Excercised Warrant Series I.

2007 • Changed the name to become PT First Media Tbk.• Right Issue I.• Introduced “FastNet” broadband-based high speed internet product.• Re-Branding of “Kabelvision” to “First Media”.• Introduced Triple-Play concept: FastNet, HomeCable and DataComm.• Obtained 41 thousand FastNet customers during promotional period.

2006 • Digital based network expansion.

2004 • Launched of “MyNet” service.• Obtained certification ISO 9001:2000.

2003 • Number of customers is achieved more than 100 thousand

2002 • Only provider JATS network, Remote Trading of Jakarta Stock Exchange (now Indonesian Stock Exchange).

2001 • EBITDA Positive is achieved• Initial stage of Analog Network Expansion completed.

2000 • Initial Public Offering of the Company and Registration at Surabaya Stock Exchange (now Indonesian Stock Exchange).• Changed the name to PT Broadband Multimedia Tbk.• Launched subscribed television service in Bali and Surabaya.• Launched access to internet service access.• Commencement of Initial Stage of Analog network expansion.

1999 • Changed the name to PT Tanjung Bangun Semesta Tbk.

1998 • Taking over all TV Kabel assets from PT Anditirta Indonusa.

1995 • Changed name to PT Tanjung Bangun Semesta.

1994 • Establishment of the company named PT Safira Ananda.


ENGLISH VERSION

On 3 March 2015, MobileWorld Congress, BOLT! was awarded the Exellence Award for “Best Market Introduction of LTE Services and Successful

Services” on a brilliant performance in 2014, the success BOLT! in launching high-speed internet services based on TDD-LTE 4G technology and

exceeded to one million 4G customers in Indonesia within a period of one year. This achievement is judged to be a phenomenon among telecom-

munication operator in the world.

On 25 March 2015, The Ritz-Carlton, jakarta, BOLT! as a pioneer provider of high-speed internet services in Indonesia, achieved the prestigious

award in the Indonesia WOW Brand 2015: Telco, Gadget & TV Broadcast organized by MarkPlus, Inc.

BOLT! Super 4G LTE obtain an award in the category of Mobile Internet Service Provider. This award is a form appreciation given by MarkPlus, Inc.,

to the brand is able of achieveing the hightest level of advocacy ratio in its category according to the concept of WOW Marketing. BOLT! Super

4G LTE rated as the brand that succeeded in the changing consumer awareness into recommeded/willingly recommend to others (advocacy) and

purchase action.

Decision for the winner based on a survey carried by telephone in January through February 2015 to the 1,350 randomly selected respondents

from 18 big cities in the arious regions of Indonesia including Jabodetabek and Medan where BOLT! Super 4G LTE has successfully held its services

to become the first 4G operator that is able to penetrate one million customers in January 2015.

On 7 April 2015, in Balai Kartini Jakarta, BOLT! has achieved at the 12th Mobile Award 2015 for the category of Most Favorite 4G Provider. As a

provider of mobile broadband network with the first of 4G TDD-LTE technology has had more than one million customers, BOLT! considered to have

the most extensive network infrastructure in Jabodetabek and Medan (in cooperation with the Company).

On 1 October 2015, in Shangri-La Hotel Jakarta, on this annual event, BOLT! received the award for the Indonesia Most Promising Services

Provider of the Year. In the 8th year, Frost & Sullivian gives a total of 52 awards to leading companies in Indonesia that showed achieement and

outstanding performance in its industry in terms of leadership, technological innovation, customer services, and product development strategy. The

award received by BOT! achieved on innovation that were presented in the development of technology and the very rapid growth in the telecommu-

nication industry in Indonesia.

On 6 November 2015, in JCC Jakarta, BOLT! as the first 4G LTE service provider in Indonesia prove the quality of its services by receiving again the

prestigious award. BOLT! has successfully achieved as the TOP Wireless Internet 2015 in the event TOP IT & TELCO 2015 organized by the Itech

magazine.

Awards for LinkNet

1. First Winner in Fixed Internet Provider Category Word of Mouth Marketing #1 Recommended Brand 2015

2. First Winner in Cable TV Category Word of Mouth Marketing #1 Recommended Brand 2015

3. Top Telco 2015 Fixed Internet Provider In Recognition of Outstanding Achievement in Telecommunication

4. Brand Finance plc Brand Rating Award has been awarded a US$ 25 mil Brand Value & A+

5. Gold Champion Category Fixed Internet Service Provider Indonesia WOW Brand 2015

6. Silver Champion Category Pay TV Indonesia WOW Brand 2015

7. Customer Loyalty Award NET PROMOTER LEADER 2015 NPS Leader for Broadband/Fixed ISP Category

8. Customer Loyalty Award NET PROMOTER LEADER 2015 NPS Leader for Pay TV Category

Awards and CertificationSee Page: 44


Pada 3 Maret 2015, Mobile World Congress,

BOLT! dianugerahi Excellence Award

untuk “Best Market Introduction of LTE

Services and Successful Services” atas

kinerja yang cemerlang di tahun

2014, yaitu keberhasilan BOLT!

dalam meluncurkan layanan internet

berkecepatan tinggi berbasis teknologi 4G

TDD-LTE dan menembus angka satu juta

pelanggan 4G di Indonesia dalam periode

setahun. Pencapaian ini dinilai menjadi

sebuah fenomena di antara operator

telekomunikasi di dunia.

Customer Loyality Award NET PROMOTER LEADER 2015

NPS Leader for Broadband/Fixed ISP Category

Customer Loyality Award NET PROMOTER LEADER 2015NPS Leader for Pay TV Category

Certificate of Registration in recognition of the organization’s Quality Management

System which complies with ISO 9001:2008

at Jakarta Office

advocacy ratio tertinggi dalam

kategorinya sesuai konsep WOW

Marketing. BOLT! Super 4G LTE dinilai

sebagai merek yang berhasil mengubah

kesadaran (awareness) konsumen

menjadi anjuran/dengan sukarela

merekomendasikan kepada orang

lain (advocacy) dan tindakan membeli

(purchase action).

Penetapan pemenang dilakukan

berdasarkan hasil survei melalui

telepon (phone survey) pada Januari

Pada 25 Maret 2015, The Ritz-Carlton,

Jakarta, BOLT! pionir penyedia layanan

internet berkecepatan tinggi pertama di

Indonesia, berhasil meraih penghargaan

prestisius dalam ajang Indonesia WOW

Brand 2015: Telco, Gadget & Broadcast TV

yang diselenggarakan oleh MarkPlus,Inc.

BOLT! Super 4G LTE mendapatkan

penghargaan dalam kategori Mobile

Internet Service Provider. Penghargaan

ini merupakan bentuk apresiasi yang

diberikan oleh MarkPlus,Inc. terhadap

merek yang mampu mencapai tingkat


Important Event 2015See Page: 46


- Pada tanggal 4 Maret 2015 dan 16 Maret 2015, entitas anak, PWU, mengikatkan kerjasama dengan Indosat untuk

pembangunan pelayanan in-building solution di pusat perbelanjaan, yaitu: St. Moritz Mall, Plaza Medan Fair dan Siloam

Kebon Jeruk.

- Pada 11 Maret 2015, bertempat di Hotel Aryaduta Medan, Perseroan bekerjasama dengan entitas anak, PTI, secara

resmi meluncurkan layanan 4G LTE untuk masyarakat Medan.

- Pada 18 Maret 2015, bertempat di Bali, entitas anak, Cinemaxx, meresmikan bioskop terbarunya di lantai LG Lippo Mall

Kuta, yang beralamat di Jl. Kartika Plaza, Lingkungan Segara, Kuta Badung, Bali 80361.

- Pada 31 Maret 2015, entitas anak, CIAT, melakukan penyertaan dalam CGP sehingga total kepemilikan saham CIAT pada

CGP sebanyak 83,33%.

- Pada 24 Februari 2015, Perseroan melalui entitas anak, PTI,

mengumumkan kesuksesan BOLT! menembus angka lebih dari satu

juta pelanggan dalam kurun waktu satu tahun beroperasi.

- Pada 15 Januari 2015, bertempat di Bau-Bau,

entitas anak, Cinemaxx, mengumumkan peresmian

bioskop terbarunya di Ground Floor Lippo Plaza

Buton, yang beralamat di Jl. Sultan Hasanuddin No.

50-58, Kecamatan Wolio, Bau-Bau, Pulau Buton,

Sulawesi Tenggara.

PPEERERRISSSTTITIWWWWAAAAAPPEENENNTTIINNNGGG220001155

- Pada 21 Mei 2015, bertempat di Medan, entitas anak, Cinemaxx, meresmikan bioskop terbarunya di lantai 4 Sun Plaza

Medan, yang beralamat di Jl. H. Zainul Arifin No. 7, Medan 20152.

- Pada 21 Mei 2015, bertempat di Cikarang, entitas anak, Cinemaxx, mengumumkan peresmian bioskop terbarunya

yang ke-9 di Cinemaxx MaxxBox Orange County Cikarang, yang beralamat di Desa Cibatu, Kecamatan Cikarang

Selatan, Kabupaten Bekasi.

- Pada 22 Mei 2015, bertempat di Medan, entitas anak, Cinemaxx, meresmikan bioskop terbarunya di lantai 1 Lippo

Plaza Medan, yang beralamat di Jl. Imam Bonjol No. 6, Medan 20112.

- Pada tanggal 12 Juni 2015 dan 17 Juni 2015, entitas anak, PWU, mengikatkan kerjasama dengan Indosat untuk

penyediaan in-building solution di Grand Palladium Medan, Bandung Indah Plaza, Sun Plaza, Pejaten Village, Istana Plaza,

Metropolis Town Square, Ekalokasari Bogor, Cibubur Junction, Kediri Town Square dan Kediri Town Square.

- Pada 18 Juni 2015, Perseroan dan entitas anak, BMPA, mendirikan DSM dengan modal saham masing-masing

sejumlah 248 dan 2 lembar saham, sehingga total kepemilikan saham Perseroan pada DSM sebanyak 100%.

- Pada 30 Juni 2015, Perseroan menjual 31% sahamnya di FMTV kepada entitas anak, LN, sehingga saham Perseroan

di FMTV menjadi sebesar 49%.

JAN

FEB

MAR

MAY

JUN

Important Events 2015

January:

• On 12 January 2015, located in Jakarta, Company subsidaries, PWU, engaged cooperation agreement with PT Telekomunikasi Selular to

provide in-building solution at Grand Mall Bekasi.

• On 15 January 2015, located in Bau-Bau, Company subsidaries, Cinemaxx, officially announce for newest cinema at Ground Floor Lippo

Plaza Buton, domiciled at Jl. Sultan Hasanuddin No. 50-58, Wolio, Bau-Bau, Pulau Buton, South East Sulawesi.

February:

• On 24 February 2015, Company through its subsidaries, PTI, announced the the BOLT! successfull to breaking through the number of

customers more than one million within one year operation.

March:

• On 4 March 2015 and 16 March 2015, Company subsidaries, PWU, engaged cooperation agreement with Indosat to provide in-building

solution di shopping center, such as: St. Moritz mall, Plaza Medan Fair and Siloam Kebon Jeruk.

• On 11 March 2015, located in Hotel Aryaduta Medan, the Company engaged cooperation with its subsidaries, PTI, officially launch 4G LTE to

Medan community.

• On 18 March 2015, located in Bali, company subsidary, Cinemaxx, officially announce for newest cinema in LG floor Lippo Mall Kuta,

domiciled at Jl. Kartika Plaza, Lingkungan Segara, Kuta Badung, Bali 80361.

• On 31 March 2015, Company subsidaries, CIAT, make its participation on CGP so CIAT share ownership on CGP as much as 83,33%.

May:

• On 21 May 2015, located in Medan, Company subsidaries, Cinemaxx, officially announce for newest cinema di lantai 4 Sun Plaza Medan,

domicile at Jl. H. Zainul Arifin No. 7, Medan 2015.

• On 21 May 2015, located in Cikarang, Company subsidaries, Cinemaxx, officially announce for the nineth cinema on Cinemaxx MaxxBox

Orange County Cikarang, domicileat Desa Cibatu, Kecamatan Cikarang Selatan, Kabupaten Bekasi.

• On 22 May 2015, located in Medan, Company subsidaries, Cinemaxx, officially announce for newest bioskop on 1st Floor Lippo Plaza

Medan, domicille at Jl. Imam Bonjol No. 6, Medan 20112.

June:

• On 12 June 2015 and 17 June 2015, Comapny subsidaries, PWU, engaged cooperation agreement with Indosat to provide in-building

solution on Grand Palladium Medan, Bandung Indah Plaza, Sun Plaza, Pejaten Village, Istana Plaza, Metropolis Town Square, Ekalokasari

Bogor, Cibubur Junction, Kediri Town Square and Kediri Town Square.

• On 18 June 2015, Perseroan and its subsidaries, BMPA, establish DSM with each shares as much as 248 shares and 2 shares,

accumulatively shares ownership the Company in DSM as much as 100%.

• On 30 June 2015, the Company sell 31% shares in FMTV to its subsidaries, LN, so total shares the Company in FMTV as much as 49%.

July:

• Located in Karawaci, on 1 July 2015, Company subsidaries, Cinemaxx, proudly announce the soft opening of the 11th Cinemaxx at MaxxBox

Lippo Village. This cinema flagship is the only cinema in Indonesia which equipped with newly minted Ultra XD, enchance by the presence of

immersive corridor displaying movie trailers, animation, and movie playing schedule. Not only that, Maxxbox Lippo Village also introduces the

largest and most interactive area in Indonesia, called Cinemaxx Hyperstation.

• Located in Yogyakarta, on 4 July 2015, Company subsidaries, Cinemaxx, officially announce for newest cinema on 4th Floor Lippo Plaza

Jogja, domicille at Jl. Laksda Adisucipto 32-34, Demangan, Gondokusuman, Yogyakarta 55001.

• On 6 July 2015, company subsidaries, PTI, launch new products (BOLT! 4G Powerphone E1, BOLT! 4G Tablet X1, dan BOLT! Mobile WiFi

Hydra) at Beka Resto Balai Kartini Jakarta.

August:

• On 21 August2015, located on Penang Bistro Kelapa Gading, company subsidaries, PTI, collaberated with Samsung launch the newest

product, Samsung Galaxy J5.


ENGLISH VERSION

September:

• In 21 September 2015, the Company’s subsidiaries, PTI, located at Nona Manis Resto, Lippo Mall Kemang present the ULTRA LTE.

October:

• On 1 October 2015, located at Serpong, the Company’s subsidiaries, Cinemaxx, officially announced the 12th cinema on the 3rd floor of the

WTC Matahari Mall, which is located at Jl. Raya Serpong No. 39 Serpong Utara 15326 Tangerang.

• On 30 October 2015, the Company’s subsidiaries , PWU, engage cooperation with H3I for the provision in-building solution in Bandung Indah

Plaza, WTC Serpong, Istana Plaza, Metropolis Town Square and Pluit Village.

November:

• On 6 November 2015, located on Cikarang, company subsidaries, Cinemaxx, a cinema network under Lippo Group, officially announce for

the 13th cinema on 1st Mal Lippo Cikarang, domicille at Jl. M.H. Thamrin, Lippo Cikarang, Bekasi 17550.

December:

• On 11 December 2015, located on Tangerang, company subsidaries, Cinemaxx, officially announce for newest cinema at 3rd Floor

Metropolis Town Square, domicille at Jl. Hartono Raya Modern 1 No. 17, Tangerang, Banten.

Vision: to become the premier integrated Megamedia services company in Indonesia that capitalizing on the advancement in Internet Broadband

Technology platform in order to deliver superior value to stakeholders. Our vision encompasses the integrated Five-C platform of:

• Cable TV – Multi-Channels Interactive Television

• Computer – Broadband Internet Services

• Communication – Data Communication Services

• Content – Content on Internet and TV

• Channels – In-House Channel production

Mission:

• to be the leader in its field

• To emphasize on competence and professionalism

• To focus on customer centric

• To become prime employer of choice

• To participate in social corporate citizenship

• To passion at work

Corporate values

• Discipline in our execution

• Quality in our service

• Innovative in our development

• Aggressive in our market penetration

• Care for our community and environment

Vision, Mision of Company and Business StategySee Page: 49

53

Menjadi perusahaan penyelenggara jasa megamedia terpadu terkemuka di Indonesia yang memanfaatkan teknologi internet pita lebar guna menciptakan nilai tambah kepada para pemangku kepentingan.

Memanfaatkan kemajuan teknologi komunikasi, khususnya teknologi internet pita lebar digital berkecepatan tinggi, untuk menghadirkan layanan Megamedia terpadu dengan harga yang terjangkau di Indonesia.

Senantiasa menjadi yang pertama di Indonesia dalam mengadopsi terobosan teknologi terkini, dalam rangka mengupayakan lompatan ke depan bagi Perseroan, sekaligus menyediakan jasa dan produk yang superior kepada pelanggan.

menjadi penyelenggara jasa Megamedia bermutu tinggi dengan biaya yang efektif serta kompetitif.

• Disiplin dalam pelaksanaan• Kualitas dalam pelayanan• Inovasi dalam pengembangan• Agresif dalam penetrasi pasar• Perhatian terhadap masyarakat dan lingkungan

• Menjadi pelopor di bidangnya• Mengutamakan kompetensi dan profesionalisme• Fokus pada pelanggan• Menjadi pilihan utama untuk berkarir• Warga usaha yang bertanggung jawab• Semangat dalam bekerja

Visi Perseroan mencakup landasanlayanan Lima-C yang terpadu:

• Cable TV – Multi-Channels Interactive Television• Computer – Layanan Broadband Internet• Communication – Layanan Data Komunikasi• Content – Konten untuk Internet dan TV• Channels – Memproduksi “In-House Channel”

VISI

NILAI-NILAI BUDAYA

STRATEGI USAHA

MISI

ANGGARAN DASARPerseroan didirikan dengan nama PT Safira Ananda, berdasarkan

Akta Pendirian No.37 tanggal 6 Januari 1994 dan Keputusan

Menteri Kehakiman Republik Indonesia Nomor C2-1.446

HT.01.01.Th.95 tanggal 1 Februari 1995 yang sudah mengacu

kepada Kitab UU Hukum Dagang (Staatblad Tahun 1847 No.23)

sebagaimana telah diubah, terakhir dengan UU No.4 Tahun 1971.

Perubahan seluruh Anggaran Dasar berikutnya saat bernama PT

Tanjung Bangun Semesta Tbk yang terdapat pada Akta No.1

tanggal 2 Desember 1999 dan Keputusan Menteri Kehakiman

Republik Indonesia Nomor: C-19466 HT.01.04.TH.99 tanggal

3 Desember 1999 yang sudah mengacu kepada UU No.1 Tahun

1995 tentang Perseroan Terbatas.

Perubahan beberapa pasal dalam Anggaran Dasar berikutnya

sekaligus menyusun kembali Anggaran Dasar Perseroan saat

bernama PT Broadband Multimedia Tbk yang terdapat pada

Akta No.56 tanggal 30 Juli 2001 dan Penerimaan Laporan Akta

Perubahan Anggaran Dasar oleh Menteri Kehakiman dan Hak

Asasi Manusia Republik Indonesia Nomor: C-08744 HT.01.04.

TH.2001 tanggal 19 September 2001 yang sudah mengacu

kepada UU No.1 Tahun 1995 tentang Perseroan Terbatas.

Perubahan seluruh Anggaran Dasar berikutnya saat bernama

PT First Media Tbk yang terdapat pada Akta No.42 tanggal 15

Agustus 2008 dan Keputusan Menteri Hukum dan Hak Asasi

Manusia Republik Indonesia Nomor: AHU-74501.AH.01.02.

Tahun 2008 tanggal 16 Oktober 2008 yang sudah mengacu

kepada UU No. 40 Tahun 2007 tentang Perseroan Terbatas.

Perubahan terakhir seluruh Anggaran Dasar saat bernama PT

First Media Tbk terdapat pada Akta No.33 tanggal 15 Mei 2015

dan Penerimaan Pemberitahuan Perubahan Anggaran Dasar

oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia

Nomor: AHU-AH.01.03-0940134 tanggal 11 Juni 2015 yang

sudah disesuaikan dengan Peraturan Otoritas Jasa Keuangan

Nomor: 32/POJK.04/2014 dan Nomor: 33/POJK.04/2014

serta peraturan perundang-udangan lain yang berlaku di bidang

pasar modal.

Company IdentitySee Page: 48

52

To be Indonesia’s first choice for information, communications and

entertainment services.

We transform lives by providing innovative and exceptional broadband and media services and

solutions

We create the most insightful, innovative and empowering experiences

from information communication and

entertainment products, services and content

centered around the only person that matters :

YOU.

Our Vision Our Mission Our Brand Promise

BRAND DNA: ‘SOCIAL CATALYST to a SEAMLESS and EXCITING LIFE’


53

Menjadi perusahaan penyelenggara jasa megamedia terpadu terkemuka di Indonesia yang memanfaatkan teknologi internet pita lebar guna menciptakan nilai tambah kepada para pemangku kepentingan.

Memanfaatkan kemajuan teknologi komunikasi, khususnya teknologi internet pita lebar digital berkecepatan tinggi, untuk menghadirkan layanan Megamedia terpadu dengan harga yang terjangkau di Indonesia.

Senantiasa menjadi yang pertama di Indonesia dalam mengadopsi terobosan teknologi terkini, dalam rangka mengupayakan lompatan ke depan bagi Perseroan, sekaligus menyediakan jasa dan produk yang superior kepada pelanggan.

menjadi penyelenggara jasa Megamedia bermutu tinggi dengan biaya yang efektif serta kompetitif.

• Disiplin dalam pelaksanaan• Kualitas dalam pelayanan• Inovasi dalam pengembangan• Agresif dalam penetrasi pasar• Perhatian terhadap masyarakat dan lingkungan

• Menjadi pelopor di bidangnya• Mengutamakan kompetensi dan profesionalisme• Fokus pada pelanggan• Menjadi pilihan utama untuk berkarir• Warga usaha yang bertanggung jawab• Semangat dalam bekerja

Visi Perseroan mencakup landasanlayanan Lima-C yang terpadu:

• Cable TV – Multi-Channels Interactive Television• Computer – Layanan Broadband Internet• Communication – Layanan Data Komunikasi• Content – Konten untuk Internet dan TV• Channels – Memproduksi “In-House Channel”

VISI

NILAI-NILAI BUDAYA

STRATEGI USAHA

MISI

ANGGARAN DASARPerseroan didirikan dengan nama PT Safira Ananda, berdasarkan

Akta Pendirian No.37 tanggal 6 Januari 1994 dan Keputusan

Menteri Kehakiman Republik Indonesia Nomor C2-1.446

HT.01.01.Th.95 tanggal 1 Februari 1995 yang sudah mengacu

kepada Kitab UU Hukum Dagang (Staatblad Tahun 1847 No.23)

sebagaimana telah diubah, terakhir dengan UU No.4 Tahun 1971.

Perubahan seluruh Anggaran Dasar berikutnya saat bernama PT

Tanjung Bangun Semesta Tbk yang terdapat pada Akta No.1

tanggal 2 Desember 1999 dan Keputusan Menteri Kehakiman

Republik Indonesia Nomor: C-19466 HT.01.04.TH.99 tanggal

3 Desember 1999 yang sudah mengacu kepada UU No.1 Tahun

1995 tentang Perseroan Terbatas.

Perubahan beberapa pasal dalam Anggaran Dasar berikutnya

sekaligus menyusun kembali Anggaran Dasar Perseroan saat

bernama PT Broadband Multimedia Tbk yang terdapat pada

Akta No.56 tanggal 30 Juli 2001 dan Penerimaan Laporan Akta

Perubahan Anggaran Dasar oleh Menteri Kehakiman dan Hak

Asasi Manusia Republik Indonesia Nomor: C-08744 HT.01.04.

TH.2001 tanggal 19 September 2001 yang sudah mengacu

kepada UU No.1 Tahun 1995 tentang Perseroan Terbatas.

Perubahan seluruh Anggaran Dasar berikutnya saat bernama

PT First Media Tbk yang terdapat pada Akta No.42 tanggal 15

Agustus 2008 dan Keputusan Menteri Hukum dan Hak Asasi

Manusia Republik Indonesia Nomor: AHU-74501.AH.01.02.

Tahun 2008 tanggal 16 Oktober 2008 yang sudah mengacu

kepada UU No. 40 Tahun 2007 tentang Perseroan Terbatas.

Perubahan terakhir seluruh Anggaran Dasar saat bernama PT

First Media Tbk terdapat pada Akta No.33 tanggal 15 Mei 2015

dan Penerimaan Pemberitahuan Perubahan Anggaran Dasar

oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia

Nomor: AHU-AH.01.03-0940134 tanggal 11 Juni 2015 yang

sudah disesuaikan dengan Peraturan Otoritas Jasa Keuangan

Nomor: 32/POJK.04/2014 dan Nomor: 33/POJK.04/2014

serta peraturan perundang-udangan lain yang berlaku di bidang

pasar modal.

Articles of AssociationSee Page: 49

Article of Association

The Company is established under the name of PT Safira Ananda, based on notarial deed No. 37 January 6th,1994 and Decree of the Minister of

Justice of the Republic of Indonesia Number C2-1.446 HT.01.01.Th.95 dated February 1st, 1995 that have been referred to the Book of the Law

of Commercial Law (Gazette Year 1847 No. 23) as amended, the latest by Law No. 4 of 1971 .

Amendment the Articles of Association following currently named PT Tanjung Bangun Semesta Tbk contained in the Deed No. 1 dated December

2nd, 1999 and the Decree of the Minister of Justice of the Republic of Indonesia No. C-19466 HT.01.04.TH.99 dated December 3, 1999 which

has been referred to the Law No.1 of year 1995 regarding Limited Liability Company.

Amendment some of the provisions in the statutes following as well as recast is currently Articles of Association named PT Broadband Multimedia

Tbk contained in the Deed No. 56 dated July 30th, 2001 and Receiving Reports Amendment of Articles of Association by the Minister of Justice

and Human Rights of the Republic of Indonesia Number: C- HT.01.04.TH.2001 08 744 on 19 September 2001 with reference to Law No.1 year

1995 on Limited Liability Company.

Amendment the Articles of Association following is currently named PT First Media Tbk contained in the Deed No. 42 dated August 15th, 2008 and

the Minister of Justice and Human Rights of the Republic of Indonesia Number: AHU-74501.AH.01.02.Tahun 2008 dated October 16th, 2008

that have been refers to Law No. 40 Year 2007 regarding Limited Liability Company.

The latest amendment of the Articles of Association currently named PT First Media Tbk contained in Deed No.33 dated May 15th , 2015 and Re-

ceipt of Notification of Change Statutes by the Minister of Law and Human Rights of the Republic of Indonesia Number: AHU-AH.01.03-0940134

the date of June 11th , 2015 has been adapted to the Financial Services Authority Regulation No. 32 / POJK.04 / 2014 and No. 33 / POJK.04 /

2014 as well as laws and other crustaceans prevailing in the capital market.

Business Strategies

Utilizing the advances in communications technology – especially the high-speed digital broadband internet technology – to provide the integrated

Megamedia services at affordable prices in Indonesia.

Consistently become the first in Indonesia to adopt the latest technological breakthrough, in an effort to quantum leap, and deliver superior products

and services to customers.

Continuously achieve business efficiency to be the provider of high quality Megamedia services with effective and competitive costs.

Vision, Mision of Company and Business StategySee Page: 49


ENGLISH VERSION

Product and Services

As the pioneer of integrated telecommunications services and multimedia, the Company introduced the concept of service TriplePlay cable

network services with high-speed broadband internet (Fastnet), subscription television services (HomeCable), and digital telecommunication service

(DataComm). In addition, the Company is also developing the production of broadcast content as contributions procurement canals in-house

(BeritaSatu News Channel, Foodie, Karaoke, Mix, J’Go) to enrich the broadcast channels are shown on subscription television owned by the

Company. Currently, the Company has expanded its business by providing services QuadruplePlay by adding high-speed broadband wireless (BOLT!)

And satellite subscription television services (BiG TV) and cinema (Cinemaxx). It makes the company become the leading company in the business

of TMT.

In the context of become the leading TMT business, the Company continues to seek innovations in telecommunications, television broadcasting,

construction and expansion of network infrastructure services and multimedia content creation, and to build synergies across products, services and

solutions for customer satisfaction.

Technology

• providing broadband services by cable with a capacity of 100 Mbps by LN;

• subscription television service with HD technology first in Indonesia by FMTV and LN;

• 4G LTE network upgrade with advanced technology leading mobile networks: LTE Advanced (LTE-A) which is the latest evolution of 4G

technology is capable of delivering download speeds of up to 200 Mbps, by PTI;

• Application BOLT! Talk: application that allows users BOLT! to communicating with fellow users BOLT! and non-BOLT !, presented by PTI;

• First Media Go application: the development of technologies so that people can watch your favorite television shows via a PC, laptop,

smartphone and tablet, presented by LN;

• Smart Box HD: internal DOCSIS 3.0 modem with interactive facilities that complement subscription television service, presented by LN;

• Parental Control System: the locking system broadcast television programs for an adult so it can not be watched by children, presented by

LN;

• Multi Protocol Label Switching (MPLS): intelligent network technology as the connection configuration in the digital telecommunication

services for corporate customers;

• Big Picture Big Sound: the latest digital technology for is unmatched picture quality and sound quality that is unmatched, providing experience

of watching movies in the cinema screen optimally.

Media and Content Creation

• HomeCable: subscription television through a cable which is operated by LN in collaboration with FMTV

• BiG TV: subscription television via satellite, operated by IMTV;

• BeritaSatu News Channel: channel broadcasts news and information program, produced by FMN;

• J’Go, Dangdutz, Hi TV, MIX, Reformed 21, Foodie TV, Kairos TV, Karaoke TV: channels broadcasting entertainment programs, movies and

music produced by FMP;

• Cinemaxx: theater cinema network, advanced technology that provides the best audio-visual experience in watching movies (Maxximum

Movie Experience);

• VIEW Magazine: The magazine television program guide and Indonesia’s premier entertainment customers HomeCable and BiGTV.

Telecommunication

• Fastnet: broadband internet service using a high-speed cable media, operated by LN;

• DataComm: digital communication service via digital telecommunications networks for corporate business and other commercial purposes,

operated by LN;

• BOLTSuper4GLTE: wireless broadband network services (broadband wireless access) which uses TDD-LTE 4G technology, operated by PTI;

• The phone service through an integrated intelligent network, operated by MSH;

• The development of telecommunications infrastructure in-building solution and Wifi on buildings shopping centers, hospitals, hotels and

educational centers, carried out by PWU;

• Service providers over the Internet using a combination of fiber optic cable (fiber optic) with a radio link, operated by DNN.

Product and ServicesSee Page: 50

54 Laporan Tahunan PT Fioran Tahunan PT Fian Tahunan PT FT han Tahunan PT FiLaporan Tahunan PT First M MedM dididia Ta Tbk. 2015rst MediaMediadia

Teknologi

• penyediaan layanan pita lebar dengan kabel

berkapasitas 100 Mbps oleh LN;

• layanan televisi berlangganan dengan teknologi HD

pertama di Indonesia oleh FMTV dan LN;

• upgrade jaringan 4G LTE dengan teknologi advance

mobile networks terdepan: LTE Advanced (LTE-A)

yang merupakan evolusi teknologi 4G terkini yang

mampu memberikan kecepatan download hingga

200 Mbps, oleh PTI;

• Aplikasi BOLT!Talk: aplikasi yang memudahkan

pengguna BOLT! berkomunikasi dengan sesama

pengguna BOLT! dan non-BOLT!, dihadirkan oleh PTI;

• Aplikasi First Media Go: pengembangan teknologi

agar masyarakat dapat menonton acara televisi

favorit melalui PC, laptop, smartphone dan tablet,

dihadirkan oleh LN;

• Smart Box HD: modem internal DOCSIS 3.0 dengan

fasilitas interaktif yang melengkapi layanan televisi

berlangganan, dihadirkan oleh LN;

• Parental Control System: sistem penguncian

program-program siaran televisi untuk dewasa

sehingga tidak dapat ditonton anak-anak, dihadirkan

oleh LN;

• Multi Protocol Label Switching (MPLS): teknologi

jaringan pintar sebagai konfigurasi sambungan dalam

layanan telekomunikasi digital untuk pelanggan

korporasi;

• Big Picture, Big Sound: teknologi digital terkini

untuk kualitas gambar yang tak tertandingi dan

kualitas suara yang tiada banding, yang memberikan

pengalaman menonton film di layar sinema secara

optimal.

Sebagai pelopor layanan telekomunikasi dan multimedia

terpadu, Perseroan telah memperkenalkan konsep layanan

TriplePlay yakni jaringan kabel dengan jasa layanan

internet pita lebar berkecepatan tinggi (FastNet), jasa

layanan televisi berlangganan (HomeCable), dan jasa

layanan telekomunikasi digital (DataComm).

Selain itu, Perseroan juga mengembangkan pembuatan

konten siaran sebagai kontribusi pengadaan kanal-kanal

in-house (BeritaSatu News Channel, Foodie, Karaoke,

Mix, J’Go) untuk memperkaya kanal-kanal siaran yang

ditayangkan pada televisi berlangganan milik Perseroan.

Saat ini, Perseroan telah melebarkan sayap usahanya

dengan menyediakan layanan QuadruplePlay dengan

menambahkan jasa layanan pita lebar berkecepatan tinggi

nirkabel (BOLT!) dan jasa layanan televisi berlangganan

satelit (BiG TV) serta bioskop (Cinemaxx). Hal ini

menjadikan Perseroan menjadi perusahaan terdepan

dalam bisnis TMT.

Dalam rangka menjadi perusahaan bisnis TMT terkemuka,

Perseroan senantiasa mengupayakan inovasi di sektor

telekomunikasi, siaran televisi, pembangunan dan

perluasan infrastruktur jaringan layanan, dan pembuatan

konten multimedia, serta membangun sinergi seluruh

produk, layanan dan solusi untuk kepuasan pelanggan

PROD

UK &

LAY

ANAN


Management of First Media

Accordance with the decision of the Annual General Meeting of Shareholders (AGMS) First Media April 23, 2014, the composition of the Board of

Commissioners and Directors are as follows:

Board of Commissioners

President Commissioner : Theo L. Sambuaga

Independent Commissioner : Didik J. Rachbini

Independent Commissioner : Rizal Ramli

Independent Commissioner : Nanan Soekarna

Independent Commissioner : Ito Sumardi DS

Commissioner : Markus Permadi

Commissioner : Benny Haryanto

Commissioner : Richard Setiadi

Board of Directors

President Director : Ali Chendra

Vice President Director : Irwan Djaja

Independent Director : Harianda Noerlan

Director : Dicky Moechtar

Director : Johannes Tong

Director : Anthony Chandra Kartawiria

Director : Richard Kartawijaya

For the period commencing from the closing of the GMS until closing of the third AGMS following after the appointment. In year 2015 the GMS

dated May 15th, 2015, the Company opted not to change the Board of Commissioners and Board of Directors. However, followed the resignation

of Mr. Rizal Ramli as Independent Commissioner on August 12th, 2015. Upon resignation, the Company has submitted the Disclosure of Information

through letter No: 060 / DIR / IX / 2015, dated 8th September 2015 the FSA up. Ir. Nurhaida, MBA, Chief Executive of the Capital Market Supervi-

sory. The resignation does not affect the composition of the Independent Commissioner presentation required in POJK 33 / POJK.04 / 2014 dated

December 8th, 2014,

First Media ManagementSee Page: 53


Sesuai dengan hasil keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) First Media tanggal 23 April 2014, susunan Dewan Komisaris dan Direksi

adalah sebagai berikut:

Dewan Komisaris

Presiden Komisaris : Theo L. Sambuaga

Komisaris Independen : Didik J. Rachbini

Komisaris Independen : Rizal Ramli (Pada 12 Agustus 2015 berhenti/mengundurkan diri sebagai

Komisaris Independen karena panggilan tugas sebagai Menteri

Koordinator bidang Kemaritiman Republik Indonesia)

Komisaris Independen : Nanan Soekarna

Komisaris Independen : Ito Sumardi DS

Komisaris : Markus Permadi

Komisaris : Benny Haryanto

Komisaris : Richard Setiadi

Direksi

Presiden Direktur : Ali Chendra

Wakil Presiden Direktur

: Irwan Djaja

Direktur Independen : Harianda Noerlan

Direktur : Dicky Moechtar

Direktur : Johannes Tong

Direktur : Anthony Chandra Kartawiria

Direktur : Richard Kartawijaya

Untuk masa jabatan terhitung sejak penutupan RUPS sampai dengan penutupan RUPST yang ketiga setelah pengangkatan. Pada tahun 2015 dalam RUPST

tanggal 15 Mei 2015, Perseroan menetapkan untuk tidak melakukan perubahan Dewan Komisaris dan Direksi. Namun, kemudian terjadi pengunduran diri

Bapak Rizal Ramli sebagai Komisaris Independen pada tanggal 12 Agustus 2015. Atas pengunduran diri tersebut Perseroan sudah menyampaikan Keter-

bukaan Informasi melalui surat No: 060/DIR/IX/2015, tanggal 8 September 2015 kepada OJK up. Ibu Ir. Nurhaida, MBA, Kepala Eksekutif Pengawas Pasar

Modal. Pengunduran diri tersebut tidak mempengaruhi komposisi presentasi Komisaris Independen yang diwajibkan dalam POJK No.33/POJK.04/2014

tanggal 8 Desember 2014, sehingga tidak diselenggarakan RUPSLB.

MMANAJEMEANAJEMEMANAJEMEMEENNNN NNFFIRFIRST MERST MERST MEDIADIADIAADIADIAIA

(On August 12th, 2015 quit / resigned as the Independent Commissioner for the call of

duty as Coordinator Minister for th e maritime of the Republic of Indonesia)


ENGLISH VERSION

Theo L. Sambuaga

President Commissioner

Theo L. Sambuaga graduated his bachelor degree from the Faculty Social and Political, University

of Indonesia and Master Degree in the field of International Public Policy at the School of Advanced

International Studies, John Hopkins University, USA in 1989.

He was the Commissioner of the PT First Media Tbk since 2011 and be appointed as President

Commissioner PT First Media Tbk since 24 September 2013.

At this time, he also serves as President Commissioner of PT Lippo Karawaci Tbk (since 2010), President of

Lippo Group since 2010, and General Director Daily Voice Reform and President BeritaSatu Media Holding.

He also served as President of the Globe Media Group (2010-2011).

Theo L. Sambuaga once a member of the House of Representatives representing Golongan Pemuda

(1982-1998), Member of the Constitutional Committee (1982-2009), Minister of Labour of the Republic

of Indonesia (1998), then became Minister of State for Housing and Human Settlements of the Republic of

Indonesia (1998-1999). In 2009, he became Vice Chairman of the Executive Board of Golkar Party until

now.

Prof.DR.Didik J. Rachbini

Commissioner Independent

Didik J. Rachbini graduated his bachelor degree from Bogor Agricultural Institute (IPB) in 1983, master

degree with holds a Master degree of Science in 1988 and the Doctor degree with the title of Doctor of

Philosophy (PhD) in 1991, from Central Luzon State University, Philippines. Some non-degree education he

graduated, among others at the University of the Philippines at Los Banos (economy) and Boston University

(Economic Culture).

Holds the posisition as the Independent Commissioner of the First Media Tbk since June 29th, 2006.

Didik J. Rachbini known as one economist in Indonesia and established INDEF economic research institute

(Institute for Development of Economics and Finance) in 1995. In addition to being an economist, he is also

a lecturer and professor of economics at the University of Mercu Buana, Jakarta as well as being lecturer

at the Graduate program, University of Indonesia. He also served as Dean of the Faculty of Economics,

University of Mercu Buana (1995-1997) and Vice Rector of the University of Mercu Buana.

He has been active in several professional organizations and government, such as the Commissioner of

KPPU (2000-2004), the central committee of Indonesian Economists Association (2009-present), the

central committee of Indonesian Muslim Intellectuals Association (1995-present), a senior advisor at the

International Tax and Investment Center (2014-present), Federation of ASEAN Economist Association

(2009-present), Member of the National Economic Committee (2012-2014), Expert Staff of Minister for

Economic Affairs of Indonesia (2013-2014), and Chairman of Kadin Indonesia LP3E (2011-present).

Didik J. Rachbini been a member of the MPR (1998-1999), Chairman of the House of Representatives

Commission VI overseeing of Commerce, Industry, Investment and SOE (2004-2007), Vice-Chairman of the

commission was in charge of Tourism, Youth, Education and Culture (2007 -2009).

Profile of the Board of Commissioners

See Page: 54


Prof. DR. H. Muladi, SH

Independent Commissioner

Muladi graduated his bachelor degree in the field of law at the University of Diponegoro, Semarang in 1968,

graduated master degree also in the field of law with Cumlaude predicate at Padjadjaran University, Bandung

in 1984, and KSA III National Defense in 1993.

Holds the posisition as the Independent Commissioner of the First Media Tbk since June 24th, 2013

Muladi started his career as a lecturer at the University of Diponegoro. Then became rector and professor

at the University of Diponegoro. He was Chairman of Indonesian Delegation at the Congress of Crime

Prevention and Criminal Justice (ECOSOC) (1991-1998), Member of the Commission (1993-1998),

Member of the Assembly of Representatives, Regional Representatives Faction (1997-1999), Minister of

Justice of the Seventh Development Cabinet ( 1998) and the Development Reform Cabinet Secretary and

Minister of State (1998-1999), Chairman of the Institute for Democracy and Human Rights at the Habibie

Center (1999-2002), Supreme Court of Justice RI (2000-2001), Governor of Defense (2005-2011),

Chairman of board Golkar Party in Legal Affairs and human rights (2009-2014).

Drs. Nanan Soekarna


Nanan Soekarna graduated from police academy with its status as the best alumni of the Police academy in

1978 with the award-winning Adhi Makayasa. After completing the training academy Police, he continued

his education Palan Investigation Narcotics in 1987, education PTIK 1986, Kibi Hankam 1988, the FBI

National Academy at Quantico USA 1989, Sespim Police Force XXX 1995, Sesko Gab force XXVI of

1999, Defense KSA XIII 2005, and the Police Executive Leadership Course NEI (National Executive Institute)

FBI Academy at Quantico, USA in 2008.

Holds the posisition as the Independent Commissioner of the First Media Tbk since April 23th, 2014

Nanan Soekarna is a retired Senior Officer at the Indonesian National Police with his last position as Vice

Chief of the Indonesian National Police (deputy chief) the rank of Commissioner General. He started his

career in the Police as Dan Unit Patko Sabhara 1979 and as Wadan Kie III Sat in 1980. Later served in

various positions at the Tangerang Police, most recently as Head of Serse (1981-1984). He then served in

the Police Headquarters as pasis PTIK XXI (1984-1986), SPN Mojokerto with his last position as Ka Korsis

(1986-1990), Polwil Bojonegoro as the Head Investigation Department (1990-1992), as Wakapolres Kediri

Police (1992-1994) Pol XXX as pasis Sespim (1994-1995), the Police Academy as Battalion Tar (1995),

Polda Metro Jaya as KORSPRIPIM (1995-1996), East Jakarta Police as a police chief (1996-1997), South

Kalimantan Police as Kadit Serse ( 1997-1998), GAB XXVI as pasis SESKO (1998-1999), returned to

Police Headquarters as Kasubdit Kamneg Serse (1999-2000), as Koorspripim police chief (2000-2001),

as Head of Kodalops Police (2001), then Polwil Purwakarta as Kapolwil (2001), Bogor police resort as

Kapolwil (2001-2002), as SES NCB-Interpol Indonesia (2002-2003), Polda Metro Jaya as Wakapolda

(2003-2004), West Kalimantan Regional Police as a police chief (2004-2006), Advisor to the Chief of

Police (2006-2009), Head of the Police Public Relations (2009), and Irwasum Police (2009-2011).

Several assignments abroad, namely Goodwill Taruna Armed Forces Academy (representative Akpol) to

Japan in 1974, the Mission of the UN peacekeeping UN Police Mission (UNTAG) Namibia / South West

Africa in 1990, Mission of the UN Peacekeeping UN Police Mission (UNTAG) Cambodia in 1992, as well as

seminars -seminar / conferences in Japan, Australia, the Netherlands, Lyon, USA, New Zealand, Germany,

Thailand, Hong Kong, Turkey, Malaysia and Myanmar.


ENGLISH VERSION

DR. Drs. Ito Sumardi DS, SH, MBA, MM


Ito Sumardi graduated from the military academy of Police in 1977, education in Law in 1996, Post

graduate education in the field Business Administration in 1997, Postgraduate education in the field of

Human Resource Management in 1999, Postgraduate education in the field of Criminal Law in 2004, and

graduated the degree of Doctor in the field of Criminal Law of the University of Padjadjaran Bandung in

2005.

Holds the posisition as the Independent Commissioner of the First Media Tbk since September 24th, 2013.

Ito Sumardi is a retired Senior Officer at the Indonesian National Police (INP), which has a glorious career

for serving in the Police, with the rank of Commissioner General. He began his service in the police while on

duty at Serang 811 Kores (1978-1980). 15.3 Regional Police then serving in East Timor (1979-1980),

became Adjutant deputy police chief / deputy chief (1980-1982), served in the criminal Metro section 701

(1982- 1985). Continuing education at the Police Staff College (1986-1989) and served in So Police

(1989-1996). He served in several operational units in various regions of the Police Operations. Ito Sumardi

also had to be Dan Garuda Contingent XIV / 11 United Nations (1996-1997), Dan Ops Tsunami Task Force

I (2004-2005), and the Task Force PAM Aceh Monitoring Mission (2005 -2006), became police chief in

two operating regions, the Riau Police (2005 - 2006) and South Sumatra Police (2006-2008). His final

position at the Criminal Police are with the rank of three stars on his shoulders.

Benny Haryanto

Commissioner

Benny Haryanto graduated his bachelor degree with holds a Bachelor of Administration from Brandon

University, Manitoba and master degree with holds a Master of Business Administration degree from

Washburn University in Kansas, United States.

Holds the posisition as the Commissioner of the First Media Tbk since April 23th, 2014.

Benny Haryanto began his career as a Management Trainee at Bank Danamon and then continue his career

at Standard Chartered Bank and Deutsche Bank in Jakarta. Benny Haryanto has held various management

positions, including as the President Director of PT Indonesian Central Securities Depository (KSEI) for four

years. Then, joined Lippo Group in various management positions including as President Commissioner of

Lippo Securities (2014-present).

Markus Permadi

Commisioner

Markus Permadi graduated his bachelor degree in the field of faculty technic from Indonesia University and

Master Degree in the field of Faculty Economic from Indonesia University.

Holds the posisition as the Commissioner of the First Media Tbk since April 25th, 2013.

He started his career in banking, Markus Permadi worked at Citibank N.A. (1971 - 1983) with his last

position as Vice President, PT Bank Central Asia (1983 - 1990) with the rank of Director and Bank Lippo

(1990 - 1998) as the President. He also served as Assistant Secretary / Deputy of Community Services

Profile of the Board of Commissioners

See Page: 54


and Resources Development in the Office of Minister of State Enterprises / Management Body SOE (1998)

and Assistant Secretary / Deputy of Financial Services (1998-2000). Then Markus Permadi served as

a Commissioner of PT Bank Mandiri (Persero) Tbk (1998 -2003). Later, he continued his career in PT

Citra Marga Nusaphala Persada Tbk as Commissioner (1999 -2000) and the Independent Commissioner

(2001-2007). In 2003 -2005, Mark Permadi served as Vice President / Independent Commissioner of

PT Bank Mandiri (Persero) Tbk, then served as a Commissioner on the Deposit Insurance Agency in 2005

- 2008. He then joined PT Broadband Multimedia Tbk as Commissioner (2006 - 2007). He also served

as President Commissioner of PT Ciptadana Multifinance (2006 - 2007), Commissioner of the Primary

Interaction Media (2007 -2012), and President Commissioner of PT Star Pacific Tbk (2009 -2013). Since

the year 2012 until now, Mark Permadi served as a Commissioner of PT Bank National Nobu.

Since 1993, Markus Permadi take the time to take care of education by being a Secretary of Pelita

Harapan Education Foundation to date.

Richard Setiadi

Commissioner

Richard Setiadi graduated his bachelor degree from Faculty Accounting, in Atma Jaya University, Yogyakarta

with the best graduate in 1994.

Holds the position as the Commissioner of the First Media Tbk since April 23th, 2014.

He started his career as an auditor at the accounting firm Arthur Andersen in 1994 and conducted an audit

at some leading companies such as PT Telekomunikasi Indonesia Tbk, PT Semen Gresik Tbk, PT Great

Giant Pinapple Company, Asia Pulp & Paper Co. and PT Matahari Putra Prima Tbk.

Richard Setiadi has been the External Auditor for PT Matahari Putra Prima Tbk since 1993. Then in 2001

also holds as Head of Finance and Accounting at PT Matahari Putra Prima Tbk and then joined the Lippo

Group Companies.

In year 2002 he participated in the process of separating the business unit Matahari Department Store

(MDS) and Matahari Food Business (MFB) and was appointed as CFO Matahari Food Business (MFB) in

2003. He was to have participated in the process of business transformation MFB into growing business

units as a leading food retailer in Indonesia. Currently he also holds the position as CFO of PT Multipolar Tbk

and CFO PT Matahari Putra Prima Tbk.


ENGLISH VERSION

Ali Chendra

President Director

Ali Chendra graduated his Bachelor degree from Control Data Institute, Toronto, Canada in 2003.

He holds the position as the President Director of the Company since 2014. Previously, Ali Chendra held the

position as the Director of the Company since 2013.

He started his career as technical staff in PT Metrodata/Wang Computer (1979-1983). Then served

as Director at PT Total Data (1983-1993); PT Telepoint Nusantara (1993-1999)’ PT Telplus Digitalindo

(1993-1999); and PT Infracom Telesarana (2009-2012). In 2003, He established Indonesian Multimedia

Association (APMI) with the position as its Vice Chairman.

He also held the position of President Director in a number of Companies among others: PT Media Citra

Indostar (2001-2004); PT MLC/Indovision (2001-2004); PT Datakom Pratama (2005-2006); PT Infokom

Elektrindo (2006-2009); PT Indonesia Media Televisi (2012-2014). In addition, he was also a member

of Board of Commissioners and Board of Directors in several companies of Bhakti Investama/MNC Group,

namely: Linktone-Nasdag Listed (member of Board of Directors); PT Bhakti Investama Tbk (member of

Board of Directors); PT Agis Tbk (member of Board of Directors); PT Metrosel (member of Board of Com-

missioners); PT Mobile 8 Telecom Tbk (member of Board of Commissioners).

Irwan Djaja

Vice President Director

Irwan Djaja graduated his Bachelor degree in majoring of Accounting from Trisakti University, Jakarta,

then obtained his Master of Applied Finance from The University of Melbourne, Australia and obtained his

Doctoral in Management from Bina Nusantara University, Jakarta, Indonesia. He is also the holder of several

certified management accountant and CPA of accounting Institution Australia, UK and Indonesia.

He holds the position as the Vice President Director of the Company since April 24, 2014, having previously

served as Finance Director of the Company (2009) and President Director of the Company (2011).

He started his career as an Accountant in PT Citra Dimensi Arthali in 1993. Then, he joined the public

accountant office of Prasetio Utomo & Co. (Arthur Andersen Co.SC) with his last position as Supervisor in

Business Advisory Division (1994-1996), KPMG (Klynveld Peat Marwich and Goerdeler) Asia Pacific as

Senior Manager, Siddharta Consulting (a member firm of KPMG International) with his last position as the

Director and Associate Partner Corporate Finance in the Financial Advisory Services Division since 2001. He

also served as Deputy CEO in PT Clipan Finance Indonesia Tbk, a multifinance company (2006-2008).

Profile of the Board of Directors

See Page: 62


Harianda Noerlan

Independent Director

Harianda Noerlan graduated his Bachelor degree in Machine Engineering from Faculty of Engineering,

Trisakti University, Jakarta, Indonesia.

He holds the position as the Independent Director of the Company and concurrently as Corporate Secretary

since 2006.

He started his professional career in banking in 1990 at PT Bank Niaga Tbk. His last position in the bank

was the Head of International Banking Division-Capital Market Group in 2000. He then worked in Indone-

sian Bank Restructuring Agency – IBRA with his last position as Vice President, Group Head in the Bank

Restructuring Unit in 2002. He then joined PT Bank Lippo Tbk and held several positions namely Managing

Director Compliance (Compliance Director), Director of Distribution Financial Services, and Senior Vice

President, Channels & Alliances Group Head (2002-2006).

Dicky S. Moechtar

Director

Dicky S. Moechtar graduated his Bachelor degree in majoring of Computer Studies from The Control Data

Institute, University Des Saarlandes, Germany.

He holds the position as Director of the Company since 2006.

He started his career in Banking at PT Bank Perniagaan in 1984 as Programmer, and then he was promot-

ed to Analyst System Assistant Manager (1986-1991). Subsequently, he pursued his career in PT Bank

Lippo Tbk with his last position as Managing Director subordinating divisions IT, Operation, General Affair, As-

set Administration, Distribution Financial Services (1999-2002). He then held the position of Director in PT

Multipolar Corporation Tbk (2002-2008), PT Link Net (2009-2011) and PT Link Net Tbk (2014-to date).

Johannes Tong

Director

Johannes Tong graduated his Bachelor degree in physics, mathematics and business administration in

Azusa Pacific University and degree of Magister in Business Administration from California State University,

Los Angeles.

He holds the position as the Director of the Company since April 24, 2013.

In addition to his position as the Company’s Director, he also holds the position as Director in Art Depart-

ment, Pelita Harapan University (2008-2014), PT First Media Production (2008-to date), PT Media Sinema

Indonesia (2010-to date), and PT Indonesia Media Televisi (2015-to date). He also served as Senior

Management in PT First Media News (2008-to date).

His previous professional career among others was Loan Officer in Bank of America, Area Manager of TIMS,

General Manager of PT Sopanusa Paper Mill & Converting, General Manager of PT Tjakrindo Mas Steel

Industry, General Manager of PT Plasma Plastic Industry, General Manager of PT Indonesia Performing Arts,

and General Manager of PT Melodia.


ENGLISH VERSION

Anthony Chandra Kartawiria

Director

Anthony Chandra Kartawiria graduated his Bachelor degree in Accounting and Finance from Carleton

University, Ottawa – Canada.

He holds the position as the Director of the Company since April 24, 2014.

In 1985 until 1994, he started his career in marketing and credit granting approval in PT Indocitra Finance

Tbk. He then held the position as Credit Director in PT Bank CIC Tbk (1995-2003), as President Director

(CEO) in PT Bhakti Capital Tbk (2004-2007), as Operation and Finance Director (CFO) in PT Mobile-8

Telecom Tbk / PT Smartfren Telecom Tbk (2008-2011) and as Chief Executive Officer Mobile Commerce

in PT Smartfren Telecom Tbk (2011-2013).

Richard Kartawijaya

Director

Richard Kartawijaya graduated his Bachelor degree in Electro Engineering from Faculty of Engineering, Atma

Jaya Catholic University, Jakarta, Indonesia and Master of Business Administration degree in Marketing from

Indonesian European University, Surabaya, Indonesia.

He holds the position as the Director of the Company since 2014.

He started his professional career in computer field as NEC Computer Distributor, PT Citra Caraka since

1982. Building his career for 15 years in Berca, Hewlett-Packard Distributor, began with position as Engi-

neer up to Director. He then became the Country Manager of Microsoft Indonesia (1998-2002). President

Director of Integrasi Teknologi (2002-2003), Country Manager of Motorola Indonesia (2003-2005), Pres-

ident Director of PT Infromatika Solusi Bisnis (2005-2010), and he was also the Managing Director in PT

Andalan Solusindo Pratama (2008-2013). Besides that, he once also held the position as Chief Executive

Officer of PT Ander Cakra Buana (2010-2013).

Richard Kartawijaya was also a Lecturer in Bina Nusantara University, Graduate Program. He was also ac-

tively involved in organizations, among others participating in Indonesia Software and Telematic Association

(ASPILUKI) since 1992 with his last position as Vice General Chairman, Creative Industry and Information

Technology Society (MIKTI) since 2009 as its Treasurer, Indonesian Telematic Society (MASTEL) since

2003 with his last position as Head of ICT and Content Department. Subsequent to that, he was the Head

of Judges Board of Swa Sembada Magazine for Best e-Corporation 2009 & 2012, Future IT Leader

2009 & 2012, Indonesia ICT Award (INAICTA) from 2007 to 2013 and lastly, as a member of Steering

Committee and Head of Judges of Asia Pacific ICT Award (APICTA) from 2002 to 2013. Mobile Content

& Application Award 2008 of National Chamber of Commerce (Kadin) (MCAA 2008) as the Executive Vice

Chairman and as the Head of Judges Board.

Profile of the Board of Directors

See Page: 62


Description

Registered Common ShareNominal Value Rp500 per share

Number of Shares Nominal Value %

Shareholders with the ownership ≥ 5% 1.548.143.980 774.071.990.000 88,86

- AcrossAsia Ltd 959.976.602 479.988.301.000 55,10

- PT Reksa Puspita Karya 588.167.378 294.083.689.000 33,76

Shareholders with the ownership ≤ 5% 194.023.927 97.011.963.500 11,14

- Foreign

Company 149.546.007 74.773.003.500 77,08

Individual 135.600 67.500.000 0.07

- Local

Company 33.818.570 16.909.285.000 17,43

Individual 10.523.750 5.261.875.000 5,42

Share Ownership by Director and Commissioner

On December 31, 2015 there was no members of the Board of Directors or Board of Commissioners who have shares in the Company.

Information of ShareholdersSee Page: 66

Chronology of Share OwnershipSee Page: 66

In February 2000, the Company’s Initial Public Offering which is listed on the Surabaya Stock Exchange. After the merger of the Jakarta Stock

Exchange and Surabaya Stock Exchange in 2007, the chronology of ownership of shares of the Company are as follows :

2007

Based on the resolutions of Extraordinary General Meeting of Shareholders of the Company dated December 29, 2006 as stipulated in the Deed of

Minutes of Extraordinary General Meeting of Shareholders No. 85, dated December 29, 2006, made by Mrs. Poerbaningsih Adi Warsito S.H., Notary

in Jakarta, and pursuant to the shareholders resolution statement stipulated in the Deed of Meeting Resolution Statement No. 8 dated March 5, 2007,

made before Mrs. Poerbaningsih Adi Warsito S.H., Notary in Jakarta, the Company has increased its subscribed and paid-up capital related to the

issuance of new shares of 441,674,000 shares with the aggregate nominal value of Rp 220,837,000,000 as a result of the exercise of Right Issue I

(PUT I). The deed was accepted and recorded in Legal Entity Administration System Database at the Ministry of Law and Human Rights of the Republic

of Indonesia based on the acceptance of Report of Deed of Amendment of Company Articles of Association No. W7-HT.01.04-6246 dated May 3,

2007. Therefore, the structure of the capital and shareholders of the Company is as follows :

56,02% = AcrossAsia Ltd

32,67% = PT Reksa Puspita Karya

11,31% = Shareholders with the ownership ≤ 5%

Description

Registered Common Share Nominal Value Rp 500 per share


Authorized Capital 1.497.200.000 748.600.000.000

Amount of subscribed and fully paid-up capital 815.974.000 407.987.000.000 100,00

Shareholders with the ownership ≥ 5%

- AcrossAsia Ltd 457.131.716 228.565.858.000 56,02




ENGLISH VERSION

2008

On the June 26, 2008 and June 30, 2008, PT Reksa Puspita Karya exercised Warrant Series I respectively amounting to 13,000,000 warrants and

500,000 warrants with the exercise price of Rp 1,000 per warrant. The funds for exercising Warrant Series I have been received by the Company

on the June 27, 2008 and July 1, 2008 respectively in the amount of Rp 13,000,000,000 and Rp 500,000,000. Therefore, after the exercise

of Warrant Series I by PT Reksa Puspita Karya, the subscribed and paid-up capital of the Company has increased to 829,474,000 shares, with the

aggregate nominal value of Rp 414,737,000,000. The increase of the subscribed and paid up capital of the Company that occurred related to the

exercise of Warrant Series I by PT Reksa Puspita Karya was validated by the resolutions of the Extraordinary General Meeting of Shareholders as

stipulated in the Deed of Minutes of Meeting No. 4 dated November 13, 2009, made by Lindasari Bachroem S.H., Notary in Jakarta and subsequently

stated in in the Deed of Meeting Resolution Statement No. 5 dated November 13, 2009, made before Lindasari Bachroem S.H., Notary in Jakarta.

The Deed has been reported to the Minister of Law and Human Rights of the Republic Indonesia by Acceptance of Notice of Minister of Law and

Human Rights of the Republic of Indonesia No. AHU-0000833.AH.01.09.Year 2010 dated January 6, 2010. Therefore, the structure of the capital

and shareholders of the Company is as follows :




Description



Authorized Capital 1.497.200.000 748.600.000.000



- AcrossAsia Ltd 457.131.716 228.565.858.000 55,11



2009

In 2009, there was no change of share ownership in the Company. The share ownership remains the same as in 2008.




2010

On March 18, 2010, the Company has increased its authorized capital to Rp 1,650,000,000,000 comprising of 3,300,000,000 shares, as ap-

proved pursuant to the resolutions of Extraordinary General Meeting of Shareholders of the Company dated March 4, 2010 as stipulated in the Deed of

Minutes of Meeting No. 6 dated March 4, 2010, made by Lindasari Bachroem S.H., Notary in Jakarta and is stated in the Deed Of Meeting Resolution

Statement No. 7 dated March 4, 2010, made before Lindasari Bachroem S.H., Notary in Jakarta, which has obtained the approval of the Minister of

Law and Human Rights of the Republic Indonesia pursuant to the decree No. AHU-13941.AH.01.02.Year 2010 dated March 18, 2010, so that the

structure of the capital and shareholders of the Company is as follows :






Description



Authorized Capital 3.300.000.000 1.650.000.000.000



- AcrossAsia Ltd 457.131.716 228.565.858.000 55,11



Pursuant to the resolutions of Extraordinary General Meeting of Shareholders of the Company dated April 19, 2010 as stipulated in the Deed of

Minutes of Meeting No. 21 dated April 19, 2010, made by Lindasari Bachroem S.H., Notary in Jakarta, and pursuant to the shareholder resolution

statement stipulated in the Deed of Meeting Resolution Statement No. 7 dated July 20, 2010, made before Lindasari Bachroem S.H., Notary in

Jakarta, the Company has obtained the approval to conduct Right Issue II for the purpose of Shares Issuance with Pre-emptive Rights (PUT II) and to

increase the subscribed and paid-up capital related to the issuance of new shares of 912,421,400 shares with the aggregate nominal value of Rp

456,210,700,000 as a result of the exercise of PUT II. The deed was accepted and recorded in the Legal Entity Administration System Database

at the Ministry of Law and Human Rights of the Republic of Indonesia pursuant to the acceptance of Report of Deed of Amendment of Company’s

Articles of Association No. AHU-AH.01.10-21071 dated August 18, 2010. Therefore, the structure of the capital and shareholders of the Company

is as follows :

Description




Amount of subscribed and fully paid-up capital 1.741.895.400 870.947.700.000 100,00


- AcrossAsia Ltd 959.976.602 479.988.301.000 55,11



2011

Pursuant to the resolutions of Extraordinary General Meeting of Shareholders of the Company as stipulated in the Deed of Meeting Resolution State-

ment No. 16 dated June 3, 2011, made by Dr. Irawan Soerodjo S.H., M.Si., Notary in Jakarta, which has obtained the approval from the Minister of

Law and Human Rights of the Republic of Indonesia as per decree No. AHU-36144.AH.01.02.Year 2011 dated July 19, 2011, the Company has

increase the authorized capital to Rp 3,483,793,800,000 comprising of 6,967,587,600 shares and increased the Subscribed and Paid-Up Capital

related to the exercise of Warrant Series II, so that the structure of the capital and shareholders of the Company is as follows :





ENGLISH VERSION

Description






- AcrossAsia Ltd 959.976.602 479.988.301.000 55,11



On October 5, 2011, the public shareholders of the Company exercised Warrant Series II and the funds from such exercise have been fully received

by the Company. The exercise of Warrant Series II has increased the Company’s Subscribed and Paid-Up Capital and it is validated by the resolutions

of Extraordinary General Meeting of Shareholders of the Company dated October 21, 2011 as stipulated in the Deed of Minutes of Meeting No.

6 dated October 21, 2011, made by Lindasari Bachroem S.H., Notary in Jakarta. Therefore, the Subscribed and Paid-Up Capital of the Company

increased to 1,741,896,978 shares with the aggregate nominal value of Rp 870,948,489,000 with the structure of the capital and shareholders

of the Company is as follows :

Description






- AcrossAsia Ltd 959.976.602 479.988.301.000 55,11



2012





2013

On August 22, 2013, the shareholders of the Company have converted Warrant Series into shares. The Conversion of Warrant Series II have led to an

increase of Subscribed and Paid-Up Capital of the Company as stipulated in the Deed of Meeting Statement Resolution No. 7 dated August 22, 2013,

made by Rini Yulianti, S.H., Notary in Jakarta, therefore the Subscribed and Paid-Up Capital of the Company becomes 1,742,167,907 shares with

the aggregate nominal value of Rp 871,083,953,500. The Deed has been accepted and recorded in Legal Entity Administration System Database at

the Ministry of Law and Human Rights of the Republic Indonesia based on the acceptance of Report of Deed of Amendment of Company’s Articles of

Association No. AHU-AH.01.10-35144 dated August 26, 2013. Therefore, the structure of the capital and shareholders of the Company is as follows :






Description






- AcrossAsia Ltd 959.976.602 479.988.301.000 55,10



2014





2015





Company Organization StructureSee Page: 72

Structure of Subsidiary Entity of Company

See Page: 73

DEWAN KOMISARISBoard of Commisioner

KOMITE AUDIT

PRESIDEN DIREKTUR

Ali ChendraUNIT AUDIT INTERNAL

Audit Commitee

President Director

DIREKTURKORPORASI

Harianda Noerlan

Corporate Services Director

WAKIL PRESIDENDIREKTUR

Irwan Djaja

Vice President Director

DIREKTUR PENGEMBANGAN BISNIS STRATEGIS

Dicky S. Moechtar

Strategic Business Development Director

DIREKTUR PENGEMBANGAN

BISNIS UNIT-UNIT USAHA

Johannes Tong

Subsidiaries Business Development Director

DIREKTUR STRATEGI PERUSAHAAN

DAN PERENCANAAN

Richard Kartawijaya

Corporate Strategic andPlanning Director

Internal Audit

STRUKTURORGANISASI

FIRST MEDIAOrganization Structure

DIREKTURKEUANGAN

Anthony C. Kartawiria

Finance Director


TELEVISIONPRODUCTION

STRUKTUR ENTITASANAK PERUSAHAAN

PT FIRST MEDIA TBK.


ENGLISH VERSION

PT Internux (“PTI”)

Jl. Sultan Hasanuddin 19, MakassarSulawesi Selatan - Indonesia

Establishment and Line of Business

PTI was established in 2000, and run its business activities in the field of implementation of local fixed network-based packet switched and internet access services

NPWP: 02.013.079.5-804.000

TDP: 202316110141

IP Jartaplok Berbasis Packet-Switched: 243/KEP/M.KOMINFO/04/2012

IPP PMA: 1395/1/IP-PB/PMA/2015

Investment Shares

Investment shares of the Company in PTI through MMM is equal to 70,20%

Management

President Commissioner:Masagus Ismail NingCommissioner:Teuku Bachrumsjah HamzahIndependent Commissioner:Yukio TakebeBintan Regen SaragihSasmito Dirdjo

President Director:Dicky S. MoechtarDirector Independent:IndryanarumDirector:Yuhi AbeTimotius Max Sulaiman

PT First Media Production (“FMP”)

BeritaSatu Plaza Lt. 4 Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


FMP was established in 2008, and run its business activities in the field of industrial private television broadcasting services (currently in the licensing)

NPWP: 02.270.069.4-063.000

TDP: 09.03.1.59.59984

IUP: 526/PROD/PP-FS.RV/I/2009 (Cinematography)

Investment Shares

The Company has 99,89% shares in FMP and 0,11% shares through FMN

Management

Commissioner:Anthony C. Kartawiria

Director:Johannes Tong

PT First Media News (“FMN”)

BeritaSatu Plaza Lt. 11, Suite 1101 Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


FMN was established in 2008, and run its business activities in the field of industrial private television broadcasting services (currently in the licensing)

NPWP: 02.845.133.4-063.000

TDP: 09.03.1.59.58438

IUP: 463/PROD/PP-FS.R/IX/2008 (Cinematography)

IUP: 13/IMPOR/PP-FS.RV/IX/2008 (Import Movies)

Investment Shares

The Company has 99,98% shares in FMN and 0,02% shares through MVC

Management

Commissioner:Dicky S. Moechtar

Director:Selamun Y. Bosko



Pendirian dan Bidang Usaha

PTI didirikan pada tahun 2000, dan menjalankan kegiatan usahanya saat ini dibidang penyelenggaraan jaringan tetap lokal berbasis packet switched dan jasa akses internet.

NPWP: 02.013.079.5-804.000

TDP: 202316110141


IP PMA: 1395/1/IP-PB/PMA/2015

Penyertaan Saham

Pernyetaan Perseroan dalam PTI melalui MMM adalah sebesar 70,20%.

Manajemen

Presiden Komisaris:Masagus Ismail NingKomisaris:Teuku Bachrumsjah HamzahKomisaris Independen:Yukio TakebeBintan Regen SaragihSasmito Dirdjo

Presiden Direktur:Dicky S. MoechtarDirektur Independen:IndryanarumDirektur:Yuhi AbeTimotius Max Sulaiman


BeritaSatu Plaza 4th floorJl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


FMP didirikan pada tahun 2008.Bidang usaha saat ini adalah industri jasa penyiaran televisi swasta (dalam proses pengurusan perizinan)

NPWP: 02.270.069.4-063.000

TDP: 09.03.1.59.59984

IUP: 526/PROD/PP-FS.RV/I/2009 (Pembuatan Film)

Kepemilikan Saham

Perseroan memiliki 99,89% saham FMP, dan 0,11% saham melalui FMN.

Manajemen

Komisaris:Anthony C. Kartawiria

Direktur:Johannes Tong



inia adalah industri jasa penyiaran televisi swasta (sedang dalam pengurusan perizinan).

Kepemilikan Saham

Manajemen

Komisaris:Dicky S. Moechtar

Direktur:Selamun Y. Bosko

PT Media Sinema Indonesia (“MSI”)



MSI didirikan pada tahun 2003. Bidang usaha saat ini adalah industri

NPWP: 02.261.841.7-063.000

Penyertaan Saham

Pernyetaan Perseroan dalam MSI melalui FMP adalah sebesar 99,97% dan 0,03% saham melalui FMN.

Manajemen


Presiden Direktur:Johannes TongDirektur:Tjakradidjaya Handany

Subsidiary Entity of CompanySee Page: 74



BeritaSatu Plaza Lt. 4 Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


FMNMSI was established in 2003, and run its business activities in the field of industrial private television broadcasting services (currently in the licensing)

NPWP: 02.261.841.7-063.000

Investment Shares

Investment shares of the Company in MSI through FMP is equal to 99,97% and 0,03% shares through FMN

Management

Commissioner:Anthony C. Kartawiria

President Director:Johannes TongDirector:Tjakradidjaya Handany

PT Delta Nusantara Networks (“DNN”)

Gedung Graha Kencana Lt. Mezzanine Unit J Jl. Raya Perjuangan No.88, Kebon Jeruk, Jakarta Barat 11530


DNN was established in 2006, and run its business activities in the field of Internet Service Provider

NPWP: 02.555.936.0-035.000

TDP: 09.02.1.46.31177

ISP: 852 Year 2014

Investment Shares

The Company has 49,83% shares in DNN, and 50,17% shares through GIAT

Management


President Director:Debora R.M. GirsangDirector:Rony Ardhitya SoetedjoAriyanto KoesdinarKWA Andy Widodo

PT MSH Niaga Telecom Indonesia (“MSH”)

Rukan Graha Cempaka Mas Blok C-06Jl. Letjen Suprapto, Sumur Batu, Kemayoran, Jakarta


MSH was established in 2011, and run its business activities in the field of Calling Card and Services

NPWP: 01.832.587.8-027.000

TDP: 09.03.1.46.30067

Investment Shares

Investment shares of the Company in MSH through BMPA is equal to 80% and 20% shares through GIAT.

Management

Commissioner:Eddy Rizal Umar

Director:Kwa Andy Widodo


ENGLISH VERSION

PT Cinemaxx Global Pasifik (“CGP”)

Menara Matahari Lt.2Jl. Boulevard Palem Raya 7, Lippo Karawaci Tangerang.


CGP was established in 2014, and run its business activities in the field of Film and Video Recording and Cinema Services

NPWP: 66.757.488.3-451.000

TDP: 30.03.1.46.15079

SIUP: 503/00320-BPMPTSP/30-03-PB/II/2015

Investment Shares

Investment shares of the Company in CGP through CIAT is equal to 51,02%

Management

Commissioner:Made Seputra Djaya

Director:Rudy Nanggulangi

PT Prima Wira Utama (“PWU”)

BeritaSatu Plaza Lt. 7Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


PWU was established in 2011, and run its business activities in the field of Trading

NPWP: 03.199.753.9-063.000

TDP: 09.03.1.46.76907

Investment Shares

Investment shares of the Company in PWU through BMPA is equal to 99,99% and 0,01% shares through MVC

Management

President Commissioner:Harijono SuwarnoCommissioner:Anthony C. KartawiriaIrwan Djaja

President Director:Richard KartawijayaDirector:Indra YantoTimotius Max Sulaiman

PT Daya Sarana Mantap (“DSM”)

Ruko Cyber Park Nomor 2160Jl. Boulevard Gajah Mada, Tangerang, Banten


DSM was established in 2015, and run its business activities in the field of Trading

NPWP: 73.570.090.8-402.000

TDP: 30.06.1.47.11578

SIUP: 2116/PK/XII/BPMPTSP/2015

Investment Shares

The Company has 99,9% shares in DSM, and 0,1% shares through BMPA

Management

President Commissioner:Richard KartawijayaCommissioner:Edward Sanusi

President Director:Poon Sui Meng (Desmond Poon)Director:Meena Kumari K. AdnaniDewi Dharma Yanti





NPWP: 02.013.079.5-804.000

TDP: 202316110141



Penyertaan Saham


Manajemen







NPWP: 02.270.069.4-063.000

TDP: 09.03.1.59.59984


Kepemilikan Saham


Manajemen






Kepemilikan Saham

Manajemen







NPWP: 02.261.841.7-063.000

Penyertaan Saham


Manajemen





PT Link Net Tbk (“LN”)

BeritaSatu Plaza Lt. 4, Suite 403Jl. Jend. Gatot Subroto kav.35-36, Jakarta 12950


LN was established in 1996, and run its business activities as providers of a network of fixex cable-based, multimedia services, internet access services, telephony added value services and business management consultancy services

NPWP: 01.770.114.5-054.000

TDP: 09.03.1.61.30472


IP PMDN: 232/1/IP/PMDN/2014

Investment Shares

The Company has 33,82% shares in LN, and 66,18% shares is owned by public

Management

President Commissioner:Ali ChendraIndependent Commissioner:Jonathan L. ParapakBintan R. SaragihCommissioner:Edward D. HorowitzLorne R. Somerville

President Director:Roberto F. FelicianoIndependent Director:Henry J. LiandoDirector:Dicky S. MoechtarSigit PrasetyaAndy N. Purwohardono

PT First Media Television (“FMTV”)

BeritaSatu Plaza lt.5Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


FMTV was established in 2008, and run its business activities in the field of subscribe broadcasting services

NPWP: 02.901.331.5-063.000

TDP: 09.03.1.60.69259

IPP LPB Jasa Penyiaran: 393/KEP/M.KOMINFO/11/2010

IP PMDN: 97/1/IP/PMDN/2015

Investment Shares

Investment shares of the Company in FMTV through LN is equal to 99,99%

Management

President Commissioner:Roberto F. FelicianoCommissioner:Henry J. LiandoAndy N. Purwohardono

President Director:Dicky S. MoechtarDirector:Dewi Dharma YantiTan Ting Luen

PT Bintang Merah Perkasa Abadi (“BMPA”)

BeritaSatu Plaza Lt.7, Suite 702Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


BMPA was established in 2011, and run its business activities in the field of telecommunication services

NPWP: 03.173.948.5-063.000

TDP: 09.03.1.46.73026

SIUP: 04898-04/PM/P /1.824.271

Investment Shares

The Company has 99,91% shares in BMPA, and MVC has 0,09% shares

Management

Commissioner:Irwan Djaja

Director:Dicky S. Moechtar


ENGLISH VERSION

PT Margayu Vatri Chantiqa (“MVC”)

BeritaSatu Plaza Lt.11Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


MVC was established in 2002, and run its business activities in the field of general trading and services

NPWP: 02.270.069.4-063.000

Investment Shares

The Company has 99% shares in MVC, and 1% through FMP

Management


Director:Johannes Tong

PT Citra Investama Andalan Terpadu (“CIAT”)



CIAT was established in 2014, and run its business activities in the field of general trading and services

NPWP: 71.800.643.0-063.000

Investment Shares

The Commpany has 99,99% shares in CIAT, and GIAT has 0,01% shares

Management


Director:Anthony C. Kartawiria

PT Graha Raya Ekatama Andalan Terpadu (“GREAT”)



GREAT was established in 2014, and run its business activities in the field of general trading and services

NPWP: 71.812.386.2-063.000

Investment Shares

The Company has 99% shares in GREAT, and CIAT has 1% shares

Management


Director:Anthony C. Kartawiria

PT Graha Investama Andalan Terpadu (“GIAT”)

BeritaSatu Plaza Lt. 4, Jl. Jend. Gatot Subroto Kav.35-36, Jakarta 12950


GIAT was established in 2011, and run its business activities in the field of general trading and services

NPWP: 03.230.458.6-063.000

Investment Shares

Investment shares of the Company in GIAT through FMP is equal to 99,7% shares and 0,3% shares through MVC

Management

President Commissioner:Ali ChendraCommissioner:Johannes Tong

Director:Irwan Djaja





NPWP: 02.013.079.5-804.000

TDP: 202316110141



Penyertaan Saham


Manajemen







NPWP: 02.270.069.4-063.000

TDP: 09.03.1.59.59984


Kepemilikan Saham


Manajemen






Kepemilikan Saham

Manajemen







NPWP: 02.261.841.7-063.000

Penyertaan Saham


Manajemen





PT Bina Mahasiswa Indonesia (“BMI”)

Gedung Plaza Asia Lt.26, Zone ABCDJl. Jend. Sudirman Kav.59, Jakarta 12190


BMI was established in 2006, and run its business activities in the field of sports consultancy services

Investment Shares

Investment shares of the Company in BMI through GIAT is equal to 45% shares

Management

President Commissioner:John RiadyCommissioner:Erick Thohir

Director:Ryan Rusli Gozali

PT Jaring Data Interaktif (“JDI”)

Gedung BeritaSatu Plaza Lt. 11 Suite 1101Jl. Jend. Gatot Subroto Kav. 35-36, Jakarta - 12950


JDI was established in 1999, and run its business activities in the field of private broadcasting services industry (currently in the licensing)

NPWP: 01.903.863.7-056.000

TDP: 09.03.1.62.62106

Izin Usaha: 23/1/IU/I/PMDN/TELEKOMUNIKASI/2011

Investment Shares

Investment shares of the Company in JDI through FMN is equal to 70% and FMP is equal to 30%

Management

Commissioner:Johannes Tong

Director:Tjakradidjaja Handany

PT Mitra Mandiri Mantap (“MMM”)

Jl. KH. Moh Mansyur No. 36AKelurahan Duri Pulo, Kecamatan GambirJakarta Pusat - Indonesia


MMM was established in 2010, and run its business activities in the field of general trading and services

NPWP: 21.151631.5-029.000

Investment Shares

Investment shares of the Company in MMM is equal to 69,04%

Management

Commissioner:Bambang Sucahyo

Director:Masagus Ismail Ning


ENGLISH VERSION

PT Indonesia Media Televisi (“IMTV”)

Berita SatuPlaza, Lt. 2Jl. Jend. Gatot Subroto, Kav. 35-36Jakarta 12950 - Indonesia


IMTV was established in 2007, and run its business activities in the field of subscribe broadcasting services

NPWP: 02.671.869.2-063.000

TDP:09.03.1.60.70711

IPP Lembaga Penyiaran Berlangganan: 112/KEP/M.KOMINFO/02/2012

IPP PMA: 33/1/IP-PB/PMA/2015

Investment Shares

Investment shares of the Company in IMTV through LN is equal to 15%

Management

President Commissioner:Ali ChendraIndependent Commissioner:Nanan SoekarnaDidik J. RachbiniCommissioner:Harijono SuwarnoDewi Dharma Yanti

President Director:Irwan DjajaIndependent Director:Maria Clarissa Fernandez JoesoepDirector:Johannes TongPoon Sui Meng (Desmond Poon)





NPWP: 02.013.079.5-804.000

TDP: 202316110141



Penyertaan Saham


Manajemen







NPWP: 02.270.069.4-063.000

TDP: 09.03.1.59.59984


Kepemilikan Saham


Manajemen






Kepemilikan Saham

Manajemen







NPWP: 02.261.841.7-063.000

Penyertaan Saham


Manajemen




Mailing ListSee Page: 78

104

Kantor First Media:BeritaSatu Plaza Lantai 4, Suite 401Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 527 8811Fax (62-21) 527 8833

Kantor Link Net:BeritaSatu Plaza Lantai 4, Suite 403Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 527 8811Fax (62-21) 527 8833

Kantor BMPA:BeritaSatu Plaza Lantai 7, Suite 702Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 527 9057Fax (62-21) 527 9056

Kantor FMN:BeritaSatu Plaza Lantai 11, Suite 1101Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 5290 0303Fax (62-21) 5290 0301

Kantor FMTV:BeritaSatu Plaza Lantai 5Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 527 7976Fax (62-21) 527 XXX

Kantor FMP:BeritaSatu Plaza Lantai 5Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 520 1066Fax (62-21) 520 1067

Kantor MSI:BeritaSatu Plaza Lantai 9Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 520 1066Fax (62-21) 520 1067

Kantor MVC:BeritaSatu Plaza Lantai 11Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) XXXFax (62-21) XXX

Kantor CIAT:BeritaSatu Plaza Lantai 9Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) XXXFax (62-21) XXX

Kantor GREAT:BeritaSatu Plaza Lantai 9Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) XXXFax (62-21) XXX

Kantor IMTV:BeritaSatu Plaza Lantai 2Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 520 1066Fax (62-21) 520 1067

Kantor PWU:BeritaSatu Plaza Lantai 7Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) XXXFax (62-21) XXX

Kantor Internux:BeritaSatu Plaza Lantai 6Jl. Jend. Gatot Subroto Kav.35-36Jakarta 12950, IndonesiaTelp (62-21) 527 1920Fax (62-21) 527 1922

Kantor MSH Niaga Telecom:Graha Cempaka Mas Blok C-06Jl. Letjen. Suprapto Kav.3Jakarta 10640, IndonesiaTelp (62-21) 424 2000Fax (62-21) 4288 0203/04

Kantor Internux:Jl. Sultan Hasanuddin 19,Makassar, IndonesiaTelp (62-21) 424 2000Fax (62-21) 4288 0203/04

DAFTAR ALAMAT FIRST MEDIA


MANAGEMENT DISCUSSION AND ANALYSIS ON FIRST MEDIA PERFORMANCE

Industry and Economic Review

Today, the East Asia and Pacific region remains one of the leading contributors to the world’s economic growth. Although the economic growth

in the ASEAN region has whittled down to 4,6% Indonesia still records a 4,8% growth in 2015. Reformation in the field of economy, including

the improvement in financial, labor policies, and an increasingly transparent market and improved accountability help sustain the economic

growth although it is still corrected due the pressure of the world’s economy, including the slowing down of China’s economy and the plummet in

commodity and energy prices.

Indonesian economic growth is heavily sustained by household consumption and primary commodity exports. The strengthening of this household

consumption is caused by the demographic structure consisting mostly of those who are at a productive age and is a thriving middle class that

increased the income per capita. Interestingly, 58.4% internet users in Indonesia are the young generations, where 48.5% of those are in the range

of 15 – 34 years of age. Indonesian government promotes the development of infrastructure and communication information technology because

they fully understand that Indonesia’s economic development will be massively impacted by the use of communication information technology. Social

media contributes to the empowerment of micro-economy in the midst of Indonesian society.

On the other side, 95% internet access is still done through mobile devices, such as smartphone and tablet. This is why Indonesia still needs

construction of internet network infrastructure through cable that is often referred to as truly broadband in homes or buildings. Governance, both

in government sector, as well as a transparent private sector and integrated also demands an e-government strategy to enable security for data

connected to the system and thus to facilitate the traffic of information communication a good broadband internet service network is required.

Observing this demand, the Company sees that the development for TMT business is still very wide open, although competition will become even

more tight with the commencement of MEA 2015 that will mean new competitors from several ASEAN countries will come looking for an internet

user market in Indonesia, the biggest market in the South East Asian region.

Business and Product Review

The company is a company that engages in the field of TMT that includes network services of broadband internet services with or without cable, pay

television service with cable and direct to home (satellite), data communication services through digital communication network, passive multimedia

infrastructure construction service in buildings, telephony network service through an integrated smart network, multimedia content creator and

provider as well as movie theater.

In order to become a leading company in TMT business, the Company seeks innovation in the telecommunication sector, television broadcast, the

service network construction and infrastructure expansion, creation of multimedia content, as well as building the synergy of all products, services

and solutions for customers’ satisfaction.

The division of the Company’s business run by subsidiary entities and/or association entity along with the service products generated is as follows:

Technology

Technology is one of the main factors of the changes that occurs in the life of communities for millions of years. Technology determines the Industrial

Revolution in the 18th century. When citizens of the world entered the Information Era, it begun with knowledge and technology based Digital

Revolution. The importance of developing a technology that makes distances feel closer, faster information traffic, business transactions multiplied,

and security is more guaranteed. The Company is fully aware of these, which is why technology gets the biggest portion of attention in determining

every strategic steps from the Company and the subsidiary entity.

The Company and subsidiary entity continually applied the best technology development on each product to generate and present an integrated

telecommunication and multimedia services. The Company is also known as a first cable broadband internet to be able to provide a 100 Mpbs

capacity to its customers and also as the first company to provide high definition (HD) television channel in Indonesia.

Management Analysis and Business StrategySee Page: 80


95% akses internet masih

dilakukan melalui mobile devices, seperti smartphone

dan tablet. Sehingga Indonesia masih memerlukan pembangunan

infrastruktur jaringan internet melalui kabel yang kerap disebut

the truly broadband ke rumah-rumah ataupun

gedung.


ENGLISH VERSION

Years of experience in managing a broadband internet network, the Company truly understands the behavior and the increasing need for broadband

internet network that can be used by the customer at ease anywhere by mobile, that is why the Company delivers technology that keeps on

improving to its customers through broadband wireless service which is ULTRA LTE, BOLT! That is an upgrade of 4G LTE network with leading

advanced mobile network, namely LTE Advance (LTE-A) that is an evolution in the latest 4G technology that can give up to 200 Mbps download

BOLT!Talk application, an application that can be downloaded by smartphone or tablet user so that it enables BOLT! Customers to communicate with

other BOLT! and non-BOLT! Users. This is a technology development that is happily welcomed by customers. Moreover, through the application of

technology, PTI can work together with smartphone and tablet producers so people is increasingly more flexible in using the excellence of the 4G

LTE, BOLT! Network service.

The company is aware of the increasing habit of people watching video through internet service facility. With the tagline “TV Anywhere” through

First Media GO service, LN continues to develop technology so people can enjoy their favorite TV show on their PC, laptop, smartphone or tablet.

Including watching live broadcast via live streaming. In order to expand the access for video viewing via live streaming, LN employ the BOLT! 4G

LTE product. First Media GO can also be enjoyed through Google Chrome or Firefox browser. First Media GO application can also be downloaded

through App Store (Apple iOS) or Play Store (Android).

With regards to television watching habit, the Company fully understands the change in behavior and needs of today’s audience. LN completes pay

television network service with Smart Box HD that is completed with a DOCSIS 3.0 internal modem with interactive facility, so audience can enjoy

Video on Demand, Catch Up TV, Personal Video Recorder, Games, Video Streaming, TV Anywhere, and accessing broadband internet service that

is completed with Google Android platform 4.3 so customers can access a variety of Android application, such as YouTube, Gmail, Facebook, and

Twitter. In addition to that, SmartBox HD also functions as Wi-Fi with DLNA that provides Wi-Fi network for the entire house.

The Company pays attention to content exposure that is not appropriate for children. Therefore, products that are used to access content is

equipped with parental controls feature, whether it is for internet service, as well as pay television service. Technology has to be able to give

assurance to parents with regards to contents exposed to their children.

In order to optimally support the business process of corporate customer, the Company through its subsidiary entity has successfully implemented

a technology that has satisfied its customers for years by giving a stable internet connection service. Technology that supports corporate business is

bolstered by a sturdy infrastructure called Metropolitan or Metro-Ethernet. To configure the connection a smart network technology is used, which

is called MPLS (Multi Protocol Label Switching). The services given are high speed data transfer, such as disaster recovery, storage area network,

peering services, inter-branch connection and video streaming. Whereas network routing adopted the BGP Best-Path Route method in the global

internet network connection through Shortest Path Technique. The availability of this technology is prepared to be able to hold a 40 Gbps bandwidth

capacity. This implemented technology assigns Company’s subsidiary entity as the network provider with overall network availability and reliability

reaching more than 99.5%.

Till end of 2015, about 98 buildings have installed DataComm communication network or also referred to Spider Building. The availability of spider

network will facilitate and accelerate service to corporate customers that would like to increase the access of data exchange and information, and

the acceleration of the business process being run.

The Company believes technology presents quality for public satisfaction. Likewise when the Company through subsidiary entity presented a chain

of movie theater that offers “Maximum Movie Experience” with digital technology, for an unmatched picture quality and unrivalled audio power (Big

Picture, Big Sound). The Ultra XD cinema auditorium has giant screens with the best technology, with width equal to 370 55 inch LCD screens it is

equipped with state-of-the art technology, which are Dolby Atmos audio and Dual Digital Projection image projection system. Not only that, Maxx Box

Lippo Village also introduces one of the biggest and the first interactive area in Indonesia, Cinemaxx Hyperstation.

Management Analysis and Business Strategy

See Page: 80







gedung.


Telecommunication Business

Cable broadband internet network service business.

In the beginning, this service business was operated by the Company itself starting in 2007 and then was novated to PT Link Net Tbk (LN) in 2011

until present. This business service’s concept is TriplePlay that provides an integrated service from its three products, (i) high-speed broadband

internet service (“FastNet”), (ii) pay cable television (“HomeCable”), and (iii) digital communication service through digital telecommunication network

(“DataComm”). TriplePlay service is operated with a high-tech cable system called Hybrid Fiber Coaxial (“HFC”) and can operate an 870 MHz two-

way broadband services.

“FastNet” is internet service product that uses media cable and is available in Indonesia as the first to provide a fast and affordable internet service

costing Rp 99.000,- for a 384 Kbps speed. With HFC network that has a frequency up to 870 MHz, it is able to deliver a large bandwidth to the

Indonesian people. Today FastNet service can be experienced in Jabodetabek, Bandung, Surabaya and Bali areas.

“HomeCable” is a pay television service that LN provides in collaboration with PT First Media Television (FMTV) as the license holder of subscription

broadcast management. HomeCable service will be elaborated in the Media Business – Paid Television Service part on page 98-99.

“DataComm” is a high speed data communication service that uses fiber optic cable network for business and other commercial necessity. By using

a fiber optic network infrastructure, DataComm provides data service to corporate customers in various industrial and business sector. DataComm

service is already available to a number of corporate in Jakarta’s golden triangle business district.

Wireless Broadband Internet Network Business

Internux is the Company’s subsidiary that operates the Wireless Broadband Internet Network Business – Broadband Wireless Access (BWA) under

the trade name “BOLT! Super4GLTE” (“PTI/BOLT!”). BOLT! Product adopted the 4G LTE-TDD technology (Long Term Evolution – Time Division

Duplex).

This product caters to the need of people’s broadband internet service, which is a mobile broadband internet, so that customers can use the service

while on the move at their convenience, even when they are travelling. With the mission of “Transforming Lives”, BOLT! it is now servicing mobile

internet needs through 3.400 BTS networks spread over the areas of Jakarta, Bogor, Tangerang, Depok, Bekasi, and Medan.

In line with the Company’s commitment to be the leading TMT service provider, PTI has come up with innovations to upgrade the quality of its

service. In 2015, BOLT! Did program bundling with smartphone products namely smartphone (“BOLT!4G Powerphone E1”), tablet (“BOLT!4G Tablet

X1”), and mobile WiFi Hydra, and also strategically collaborated with Samsung in presenting Samsung Galaxy J5. Moreover, BOLT! Also made a

breakthrough by introducing ULTRA LTE that offers three advantages, which are ultra speed, ultra coverage and ultra value. In bringing about ULTRA

LTE, BOLT! upgraded its 4G LTE network with leading mobile network advance technology, that is LTE Advanced (LTE-A) that is the evolution of the

latest 4G technology that has a download speed of up to 200 Mbps. This will enable BOLT! customers to upload a 1 GB file in only 40 seconds.

BOLT! customers can also enjoy ULTRA LTE service through Samsung Note 5 and Samsung S6 Edge+ devices.

BOLT! has a regular (individual) market segment and corporate customers that subscribe to BOLT! services using a prepaid as well as a postpaid

method. At end of 2015, there are 1.3 million listed subscriber. These numbers saw an increase from the number of regular BOLT! customers

in 2014 of 958.508 customers, Corporate customer’s data in 2015 listed 4.513 customers. Similar to the regular customer’s data, corporate

customer’s data also saw an increase from 2014 of 1.236 customers.

Integrated Smart Network Telephony Business

In light of business development in Indonesia and how competition is getting tighter among companies engaged in the telecommunication industry,

the Company is strengthening its service with a telephony added value being run by MSH. The telephony added value service is a communication

service through telephone at a more affordable price. The service covers, among others, telephony service through a smart network, calling card,

interactive voice response technology and call for public radio.

The target market for the Company is mostly corporate customers, with service area covering Jakarta and Surabaya. Till December 31st, 2015 the

Company has serviced approximately 1.300 corporate customers from a range of industries such as hospital, insurance, pharmacy, automotive and

mining.


ENGLISH VERSION

Telecommunication Infrastructure Construction Business

PWU is the Company’s subsidiary engaged in construction business, management, operation and regulation of telecommunication infrastructure

necessity. Where this telecommunication infrastructure includes but not limited to Distributed Antenna System (DAS), strengthening of cellular

phone signal, digital signage, CCTV, EDC machine, and many other forms. This telecommunication infrastructure is provided in office buildings,

residential areas (housing complex and apartment), hospital, hotel, center of education, and shopping center. A form of telecommunication that uses

infrastructure owned by the Company.

In order to support PWU needs and client’s request, PWU has built communication support services in the building (in building solution) in 59

buildings across Indonesia, consisting of 37 shopping centers, 8 hospitals, 5 hotels, 9 center of educations.

Apart from the things mentioned above, PWU has also done wireless infrastructure connection (Wi-Fi) in 25 shopping centers and 3 hospitals, to

deliver Wi-Fi service to the tenants and visitors of the said shopping centers or hospitals. This infrastructure is presented by PWU in joint cooperation

with LN and DNN enabling visitors to enjoy a super-fast Wi-Fi up to 100 Mbps, where it is the fastest facility provided for visitors in shopping centers

and hospitals in Indonesia.

Internet Service Provider/ISP Business

DNN is Company’s subsidiary that engages in the field of internet service provider (ISP) using a combination of fiber optic and radio link networks.

This subsidiary reinforce the Company in the internet service business in Tangerang, Bandung, Belawan, Medan, Palembang, and in 2015 expanded

its service to the city of Bogor. In the same year the internet service that is provided by DNN also caters to tenants in various shopping center

buildings belonging to Lippo Malls. This is made possible through a joint cooperation with another of the Company’s subsidiary entity, PWU.

At the end of 2015, DNN developed its internet business through LippoStar1 satellite with the trade name “FirstNet” to serve internet user in hard to

reach regions through a terrestrial network.

DNN market shares are corporate customers, with 177 customers in 2015. That number is 16,45% increase to the number of customers in 2014,

which was 152 customers.

Media and Content Creator Business

Pay Cable Television Business

Company’s associate entity, FMTV, worked together in using the cable network owned by LN to deliver high definition quality television broadcast

labeled “HomeCable”. The broadcasting program that is delivered by HomeCable is highly varied, starting from educational program, news, music,

entertainment, lifestyle, movie, sports to children’s program. Not only presenting foreign broadcasting channels, HomeCable also provides nine local

channels that are created in-house such as J’Go, Dangdutz, Hi TV, MIX, Reformed 21, Foodie TV , Kairos TV, Karaoke TV and BeritaSatu. This nine

in-house channels produced by FMP and FMN is a form of creative initiative by HomeCable to promote interest towards Indonesian content. Not

only broadcast quality excellence is presented, the broadcast service pay television that is called HomeCable is also equipped with an interactive

that is a strong bargaining proposition to the market. The young generation and teenager market these days is leveraging television as a center for

information, followed by online internet media, so that an interactive application is needed. The broadcast range covered the Jabodetabek, Bandung,

Surabaya and Bali.

Direct to Home (Satellite) Pay Television Business

This business is ran by a company that is affiliated with the Company, IMTV based on the subscribed broadcast operating license that it owns. In

providing this direct to home pay television service labeled “BiGTV”, IMTV uses a satellite technology as the main infrastructure to broadcast the

television program across Indonesia. By taking advantage of the 9 transponder capacity to bring 184 channel consisting of 30 HD channel and

154 SD channel, the satellite television service through BiGTV can reach out potential customers all across Indonesia. This is indeed one of the

Company’s main goals to give access to the best entertainment service to people everywhere in Indonesia. Like HomeCable, BiGTV also presents

local contents produced in-house. BiGTV has positioned its brand as a television brand that instills a love for Indonesia values in the people. This

is a main focus of BiGTV, bearing in main the high penetration of foreign content circulating Indonesia, resulting to an even lower penetration of


See Page: 80







gedung.


local content and people tend to forget that local contents are not inferior to foreign content. The vision to advance Indonesian community through

television content is the Company’s main goal. Through good quality television content, BiGTV can expand people’s insight with good information,

that is entertaining, educational, and promote unity of the people.

Broadcast Content Creation Business

In the mega media business, a media convergence, and also content creation are needed to strengthen its competitive edge. Company’s subsidiary

FMP and FMN becomes the Company’s business unit in carrying out production and development of broadcast content.

FMP business unit manages the film production part of the business that has three production groups, which are creative, production house and

post-production division. Aside from that, PT First Media Production also produces ads and develop in-house broadcast that is delivered by

subscription television service owned by the Company: HomeCable and BiGTV.

The Company realizes the increase in people’s need for current information or one that is constantly updated. This is what propels the subsidiary

PT First Media News (FMN) that was established to function as a producer of news and information products that is distributed through the channel

“BeritaSatu News Channel” and disseminated through subscription television service owned by the Company. Therefore, the Company, through FMN

subsidiary can provide information and news to the public on a high journalistic standard, while upholding high integrity value, objectivity, impartiality,

and news accuracy. A strong editorial vision that respects objective values, sharp, comprehensive and investigative are the values that are always

maintained by BeritaSatu News Channel in presenting the news to the viewers.

Cinema Business

Through Cinemaxx entity, the Company presents a network of state of the art technology movie theaters Big Picture, Big Sound that gives the best

audio-visual experience in movie watching (Maxximum Movie Experience). With two types of cinema which area Ultra XD and Cinemaxx Gold,

Cinemaxx brings an optimum big screen movie watching enjoyment. Ultra XD cinema gives an impressive cinematic experience with a different

sensation through a curved 22-meter screen. Cinemaxx Gold gives a VIP experience in movie watching, where viewers can enjoy high class service

from their seats that consist of luxurious leather sofas equipped with twin-motor recliners, so that viewers can adjust their sitting position just with

a touch of a button to enjoying a 5-star hotel standard dishes delivered direct to their seats. From December 2014 to end of 2015, Cinemax has

owned and operated 14 cinemas with a total of 73 screens in:

Plaza Semanggi - Jakarta, FX Sudirman – Jakarta, Palembang Icon, Ponorogo City Center, Lippo Plaza Manado, Lippo Mal Kuta, Sun Plaza

Medan, Lippo Plaza Medan, Orange County Cikarang, Lippo Plaza Cikarang, Lippo Plaza Jogja, Maxxbox Lippo Village, Mal Matahari WTC Serpong,

Metropolis Town Square.

VIEW Magazine

Is a television program and Indonesia’s premium entertainment guide magazine that is produce by FMP to support HomeCable and BiGTV service.

This magazine feature articles that are entertaining and informative in five segments, they are: baby & kids (0-12 years); teenager (13-18 years);

adult male (> 19 years); adult female (> 19 years); and adult unisex (> 19 years). Published monthly, VIEW magazine is packaged exclusively for

subscriber of HomeCable and BiGTV.

Marketing and Promotion Aspect

To optimize home multimedia service, the Company will continue publishing the tagline “Nyamannya Layanan First Media” (The Comfort of First

Media Service) through combo package offering combined internet service and pay tv. Not only that, the Company also develops an online payment

through First Media Selfcare. This publication is an image positioning penetration from First Media service as a digital service with leading attribute,

easy, and cheap.

For corporate service, the Company’s DataComm service is continually expand the MPLS (Multi-Protocol Layer Switching) network in the heart of

Jakarta offices (spider building). Today there are 98 office buildings that has a DataComm network installed. The addition of DataComm network

is deemed effective to accelerate installation service as well as maintenance. Another corporate service that is being developed is the sale of

advertisement slots through an in-house as well as foreign channels, this is continually developed bearing in mind the available ad slot that is given

by content provider. Apart from that, corporate subscription television service for hotel will continue to be developed, in particular HD broadcast

channel distribution through analog network.


ENGLISH VERSION

TriplePlay service that LN provides is aimed at two market segments, which are consumer market and business market. For the consumer market,

LN offers broadband internet product labeled FastNet and subscription television product labeled HomeCable. Whereas for business market, LN

offers communication data service labeled DataComm and other corporate solution such as sales and corporate TV for hotels.

For BOLT! service the Company is engaged in marketing activities through various channels, such as:

Traditional channel, which are marketing channel through distributors for the marketing of BOLT! products at traditional handphone outlets, whether it

be on a handphone centers or roadside outlets.

Modern channels, which are marketing channels in (i) third party modern outlets, (ii) modern outlets co-managed between BOLT! and MD: BOLT

Store, (iii) e-Commerce (MatahariMall.com).

Own sales channel, which are marketing channel handled by the Company through PTI, such as opening booths in shopping centers, residential

areas, and office buildings that is covered by BOLT! network, and marketing in BOLT! customer service centers which are BOLT! zones that also

conduct sale of BOLT! products.

Corporate channels, which is a marketing channel that targets corporate customers.

Telesales channel, which is a marketing channel that is established through telesales agent calls.

For internet service provided by DNN, DNN markets directly to corporate customers. Till end of 2015, DNN has a variety of customers ranging from

pharmacy, retail, shopping center to university.

In the telecommunication infrastructure business that is prepared by PWU, PWU has marketed to cellular operator and telecommunication service

provider, by selling directly to each individual cellular operator.

In order to fulfill the needs of marketing media and content services, the Company not only provide quality broadcast programs but also a

variety of distribution media. Programs such as BeritaSatu News Channel can be enjoyed by viewers through subscription television network

such as FirstMedia HomeCable, BIG TV, Transvision, AORA, K Vision, Telkomvision, Skynindo and Innovate, and can also be enjoyed free to

air through analog networks from several local television channelsin South Sumatra, Jambi, Riau, East Kalimantan, West Kalimantan, Central

Kalimantan,SoutheastSulawesi, North Sulawesi andPapua. As an extra access to the viewers, BeritaSatu News Channel programs can also be viewed

through streaming on www.beritasatu.com online media and also on smartphone as well as tablet by downloading the First Media Go application.

With a high quality and well-maintained program and a wide reach of broadcast through a variety of media, the Company has managed to earn the

trust of various industry players to market products or government institutions to socialize their activity programs through the Company’s in house

channels.

Financial Review

In general, the Company’s consolidated business units performance during 2015 experienced a decline compared to 2014. This decline is

particularly caused by the fact that the Company no longer consolidated LN as of November 1st, 2014, after the Company divested parts of its

stocks in LN so that the percentage of stocks owned by the Company is only 33,82%.

The Company manifested its goal to become a leading company in TMT business in Indonesia through its other subsidiaries that have bright and

promising future prospects. Although income is down by 47,51% from Rp 2.024.973 million to Rp 1.062.980 million, the Company’s asset grew

5,9% compared to 2014.

One of the biggest subsidiary, which is PTI, was acquired at the end of 2014. PTI is engaged in the field of communication and operates an internet

access service and packet-switched permanent local network by using 4G-LTE technology. Right now, PTI is the only service provider for 4G TDD-

LTE internet that is only used to provide data service. PTI is competing with other companies that offer 3G network internet service that has to divide

its spectrum between voice and data. Till end of 2015, PTI has 1.3 million customers.

The following is a summary of the Company’s financial statement for financial year till December 31st, 2015 and 2014 with highlights on the said

year.


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gedung.


Description(in million Rupiah)

2015 2014

Income Revenues 1.062.980 2.024.973

Service Expenses 1.421.501 591.916

Gross Profit (Loss) (358.521) 1.433.057

Operational Expenses 674.809 628.062

EBITDA (1.033.330) 804.995

Depreciation and Amortization 748.826 391.657

Gain Profit from Divestment of Subsidiary Entity 15.233 7.828.319

Profit (Loss) for the Year (1.513.714) 7.943.319

Comprehensive Profit (Loss) for the Year (1.289.061) 7.944.488

Profit (Loss) that can be Attributable to:

Equity Holders of the Parent Entity Owner (624.967) 7.737.476

Non-Controlling Interest (888.747) 205.843

Overview

Consolidated, the Company’s earnings in 2015 showed a decline because the Company no longer consolidated LN as of November 1st, 2014.

The Company will continue to spend for investment and capital expenditure in order to increase quality, expand network and purchase equipment

pertaining to product and service development. The management is continuously implementing financial policy with prudence and discipline in all

Company’s activities.

Operating Revenues

The Company’s revenues in 2015 was Rp 1.062.980 million, experiencing a decline of Rp 961.993 million or 47,5% compared to 2014 of Rp

2.024.973 million.This decline is due to the Company no longer consolidated LN. The income on internet service contributed 58,1% and cinema

contributed to 16,6% of total income. The remaining 25,3% from total income, gained through communication devices and other income.

The following table shows the composition of the Company’s revenues:

Product (in million Rupiah)

2015 2014

Amount % Amount %

Subscription service for Internet and Data Communication

617,453 58 1,198,642 59

Cinema 176,941 17 22,172 1

Communication Device 170,957 16 - -

Subscription Service for Cable Television

- - 649,743 32

Advertising Media Installation - - 77,944 4

Others 142,262 13 76,472 4

Sales Discount (44,633) -4 - -

Total Amount 1,062,980 100 2,024,973 100


ENGLISH VERSION

Service Expenses

Service Expense of the Company is costs and expenditure being paid for the following:

Expense of internet service, including internet bandwidth, internet device rental, and internet access cost, etc.

Expense of service of data communication, includes cost of installation and device cost

Cinema’s service expense

Communication device expense

Cost of other services.

Service expense in 2015 amounted to Rp 1.421.501 million, this is an increase Rp 829.585 million or 140,2% compared to service expense

in 2014 that amounted to Rp 591.916 million. This is due to an additional BTS tower rental expense, expense of customer’s gains and

communication devices in 2015.

Generally, the ratio of total service expense charged against the revenues experienced an increase to become 133,7% in 2015 compared to

29,2% in 2014.

The following table shows the composition of the Company’s cost of services:

Product (in million Rupiah)

2015 2014

Amount % Amount %

BTS Tower Rental 537,982 38 18,527 3

Permits and Licenses 312,657 22 145,026 24

Costomer Acquisition Cost 159,466 11 - -

Communication Device

156,36111 - -

Bandwidth Fees and Other Internet Acess Cost

69,621 5 120,799 20

Cinema 64,415 5 9,790 2

Cable Television Program Distribution and Technical Services

- - 211,436 36

Others 120,999 8 86,338 15

Total 1,421,501 100 591,916 100

Gross Profit (Loss)

The Company posted a gross loss profit margin of 33,7% in 2015, which was a decline compared to gross profit margin of 70,8% in 2014, this is

due to the increase in service expense.

Operational Expense

Operational expense consists of sales expense and administration and general expenses. Operational expense increased to Rp 46.747 million from

Rp 628.062 million in 2014, becoming Rp 674.809 million in 2015. The increase in operation expense especially related to increasing in salary

cost and employee welfare.

Profit (Loss) for the Year

Loss Current earnings in 2015 is Rp 1.513.714 million, that experienced a decrease of 119,1% compared to the current earning of 2014 that

was Rp 7.943.319 million. The decline in current earnings in 2015 is because in 2014 there was a profit from the sale of part of the ownership of

entity stocks and profit from investment posting on associate entity on a fair value.


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Comprehensive Profit (Loss)

Comprehensive Loss profit in 2015 was Rp 1.289.061 million, which decreased Rp 9,233,549 million compared to comprehensive profit in 2014

which was Rp 7.944.488 million.

Attributable Profit (Loss)

Loss Profit that is Attributable to Equity Holders of Parent Entity in 2015 is Rp 624.967 million, meanwhile to interest of non-controlling Interest was

loss of Rp 888.747 million. Profit that is attributed to the interest of non-controller went down to Rp 1.094.590 million or decrease by 531,8%

compared to 2014.

Asset Growth

Total asset per 31 December 2015 was Rp 13.711.988 million, this is an increase of Rp 760.042 million or 5,9% compared to total

asset per 31 December 2014, which was Rp 12.951.946 million. Current assets of the Company went down for Rp 272.988 million from

Rp 1.479.197 million per 31 December 2014 to Rp 1.206.209 million per 31 December 2015. The Company’s non current assets increased

Rp 1.033.030 million from Rp 11.472.749 million per 31 December 2014 to Rp 12.505.779 million per 31 December 2015.

Liability Position

Total liability per 31 December 2015 was Rp 5.247.517 million, an increase of Rp 1.660.957 million or 46,3% compared to total

liability of Rp 3.586.560 million per 31 December 2014. Total of current liability experienced an increase of Rp 1.652.851 million from

Rp 1.468.904 million per 31 December 2014 becoming Rp 3.121.755 million per 31 December 2015. The increase in current liability is caused

by the increase of bank loan and lease in 2015. The Company non current liability increased Rp 8.106 million from Rp 2.117.656 million per

31 December 2014 to Rp 2.125.762 million per 31 December 2015. The increase is mainly due to additional loan and finance lease debts in

2015.

Equity Growth

Total equity per 31 December 2015 was Rp 8,464,471 million, experiencing a decrease of Rp 900,915 million or 9,6% compared to total equity

per 31 December 2014, which was Rp 9,365,386 million. The decline is mostly caused by comprehensive profit value earned by the Company in

2014.

Liquidity and Funding Sources

Company net cash flow used for operational activities in 2015 amounted to Rp 1,006,982 million, a decrease of Rp 1,046,918 million compared

to 2014 where net cash flow obtained from operational activities was Rp 39,936 million. This is mainly due to a decline in cash revenues from

customers in the amount of Rp 1,379,733 million was offset against the increase of cash payment to the suppliers amounting to Rp 69,658

million and a decline in the payment for business expenses and others Rp 332,281 million.

Net cash used for investment activities reached Rp 305,764 million in 2015, experienced a decline of Rp 477,196 million or 278% of net cash

which was used for investment activities in the amount of Rp 171,432 million in 2014.

In 2015, net cash flow obtained from funding activities was Rp 1,084,418 million, experiencing an increase of Rp 1,185,969 million or 1167%

compared to that of 2014.

Financial Risk Management

The main financial risk faced by the Company is credit risks, currency risks, interest risks, liquidity risks. Through risk management approach, the

Company tried to minimize the potential negative impact of those risks.

Credit Risk

Credit Risk is the risk of one of the parties on financial instrument which fails to fulfill its liabilities and has caused the other parties suffer from

financial loss. The Company financial instruments that have potential credit risks consist of cash and cash equivalent in bank, account payable and

other payables. The amount of credit risk exposure maximum is he same with the recorded value of those accounts. For credit risks relaed to the


ENGLISH VERSION

bank, only banks with good preciates are selected. Additionally, Company policies are not to restrict exposure to only a certain institution, so that

Company has cash and equivalent cash in various banks.

Currency Risks

Currency risks are risks of fluctuations of financial instrument value due to the change of foreign currency exchange rate. The Company conducts

transactions by using foreign currencies, inter alia for working capital financing of the Company. Thus, the Company should convert Rupiah to

foreign currencies, particularly US Dollar, to meet the liability requirements in foreign currency when it has fallen due. Fluctuations of Rupiah currency

exchange rate against US Dollar may impact the Company financial condition. The Company manage currency risks by continuous monitoring of

fluctuations of currency exchange rate so that appropriate measures can be taken such as the use of hedge transaction if necessary to minimize

foreign currenty risks.

Interest rate Risk

Interest rate risk is risk of fluctuations of financial instrument value due to the change of market interest rate. The Company has interest rate risks

mainly due to transacting loan using floating interest. The Company controls the impact of interest rate movement to minimize any negative impacts

to the Company.

Liquidity Risk

Liquidity risk is where the Company will experience difficulties for the purpose of obtaining funds to meet its commitment related to financial

instrument. The Company manages liquidity risks by maintaining adequate cash and cash equivalent to allow the Company to meet Company’s

commitment for Company’s normal operation. In addition, the Company also monitors projection and actual cash flow continuously and control on

the due date of assets and financial liabilities.

Significant events after Balance Date

In January 2016, the Company obtains a loan facility of Rp 32,000 million from PT Ciptadana Capital with a period of maximum 3 (three) months

with interest rate of 17% per annum.

In January 2016, the factoring financing facility of the Company is in the amount of Rp 50,000 million from PT Ciptadana Multifinance which has

been extended for the next 6 (six) months with the same interest rate.

In March 2016, the Company obtained the facility Uncommitted Revolving Loan in the amount of Rp 100,000 million from The Hongkong and

Shanghai Banking Corporation Limited with floating interest rate of 12,55% per annum. The guarantee of the facility is the shares of PT Multipolar

Technology Tbk at maximum 91,750,000 shares owned by the Company. Facility tenor is 12 (twelve) months.

Future Prospect

With its young population, Indonesia has market potential around 250 million consumes. Having taken the right steps, in view of the experience is

the best practice in TIC sector globally, Indonesia has the opportunity to realistically strengthen national TIC sector in the years to come and play the

same role in the highly competitive Asia and global markets.

The Company believe that Company business activities and subsidiary company has bright prospects, this is due to varioius factors which are

supportive for the activities in business development, inter alia :

a. Increase in Penetration of Internet Users

Indonesia has around 80 million of internet users from total population of about 250 million population or about 34,9% level of penetration of

internet users. When compared with Malaysia and Singapore, the figure of penetration is relatively low. Malaysia has penetration figure of 66%,

whereas Singapore has penetration figure of 81% (source: Digital, Social & Mobile in 2015). If Indonesia is able to reach penetration level in the

range of 66%-81%, then total internet users in Indonesia may reach the range of 169 million- 207 million or a potential addition of 96 million -

134 million of internet users.

b. Technology Development

Current technology such as 3G tends to have low speed and expensive. The highest speed currently offered is 42 Mbps speed download with

technology HSPA+ compared to 100 MBps speed download offered by the Company with the brand BOLT!.


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Functional Review

Scientifically, human resources management strategy is the underlying formulation concerning human resources effective use of empowerment

as an effort to maintain and improve capabilities at best of a company or industry to become a competitor that is able to win and control market,

thorugh the manpower it has.

The Company and its subsidiary is concerned on how to improve their employees’ quality in order they could give contribution with high dedication

and competencies in their respective field. The Company believes that organizing their human resources properly, the Company performance in

business operation will gradually increase and become a competitive advantage that competitors do not have. The belief has encouoraged the

Company to constantly developes their employees in order it will be a distinctive factor in winning the competiton. Human Resources Division

with HR Information System (HRIS) for corporation has improved its function to become Company strategic partner which can align the need of

corporation and business units thus facilitating and accellerating information access on Human Resources services accurately and up-to-date.

HR Information System

HR Information System (HRIS) is developed with the support of cooperation from Information Technology Division since 2011. Application of

Overtime Online System, e-Recruitment System and Exit Clearance Online System has been running and continuously improved. The system has

contributed the biggest change in activities and working processes that occur in HR Division as well as organization. The operation is easy, making

the users easily obtain latest information, an easy to manage each stage in the recruitment process. Management may obtain information in real

time and transparent concerning data related HR. Time and cost expended may be reduced compared when HR management done manually.

Performance Management System

Performance Management System (PMS) in the Company has been done electronically, so that it is called Electronic Performance Management

System or abbreviated E-PMS. Performance management sytem developed by the Company in the form of electronic system to link objectives

and vision and mission or of organization to the employees, so that each employee knows not only the direction and target to be achieved by the

organization, but with full awareness participate in the endeavor to to achieve the objectives of the company thrugh personal performance.

In addition to encourage the achievement of organizational objectives, E-PMS also aims to measure, evaluate, enhance and give rewards to

employee performane for their performance achievement in a fair and objective manner and linked with compensation as an appreciation. E-PMS

has made evaluaton system feld more fair, objective and comprehensive if viewed from the aspect of assessment namely target and behavior.

E-PMS concept is developed by using the approach of Management by Objectives (MBO) made popular by Peter Drucker. There are continuous

cycles in this system that includes Performance Planning, Performance Coaching and Performance Appraisal.

Assessment in E-PMS is based on 2 things namely target which are contained in the form of Key Business Objective (KBO) and Key Performance

Indicator (KPI), and employee behavior contained in Behavior Competencies (BC). Assessment in KBO has 70 percent weighting, while BC

assessment 30 percent with the maximum value of assessment 130 percent of achievement. The value obtained from the total of KBO and B is

linked with a certain range of numbers and made in the form of rating.

In order that assessment becomes more fair and objective, the value obtained is compared with the value of other employees in one division. This

process is called normalization. Normalization process is conducted 3 levels starting from the level of section, department and division. In the

normalization process, perhaps there is a change in the value obtained, whether up or down, though possibly there is no change.

One of assessment value that is included in KBO is training. Every employee is a team member, then automatically they will have KBO coaching.

The purpose is to develop training culture in the company. It is expected that training will assist the employee in achieving their target, and overcome

issues when in difficulties.

This training process is conducted using one by one process. An employee who has a team member will conduct training for his/her team member.

Subsequently, based on the result of the training, the employee will enter the data into PMS. Every year E-PMS system is developed to be better.

In 2014, E-PMS made some changes in the dimensions of Behavior Competencies by using a different approach. This change is for the purpose

of minimizing the level of subjectivity. Each dimension consist of 5 points of statement so that the total is 30 points. The dimensions encompass

Discipline and Control, Leadership and Support, Communication, Achievement, Self-Development, Challenge and Problem Solving.


ENGLISH VERSION

Good Corporate Governance (GCG)

See Page: 114


KETERBUKAAN

Sebagai perusahaan publik, Perseroan wajib menjaga obyektivitas dalam menjalankan kegiatan usahanya dengan cara menyediakan materi informasi yang relevan kepada para pemegang saham dan pemangku kepentingan. Perseroan juga harus memastikan ketersediaan informasi yang tepat waktu, memadai, jelas, akurat, serta mudah diakses.

Penyampaian berbagai laporan rutin merupakan kewajiban bagi Perseroan publik, diantaranya laporan keuangan interim, laporan keuangan tengah tahunan, laporan keuangan tahunan yang diaudit, laporan tahunan, dan laporan insidentil dimana di dalamnya termasuk hal yang terkait dengan aksi koporasi, transaksi afiliasi, maupun transaksi material. Seluruhnya dalam bentuk paparan publik, dan juga melalui media massa. Selain itu, Perseroan harus menyediakan website resmi Perseroan (www.firstmedia.co.id) sebagai salah satu sarana yang dapat diakses khalayak umum untuk memperoleh laporan tahunan Perseroan.

Disamping visi dan misi, nilai-nilai Perseroan, Peraturan Perseroan, Panduan Mengenai Kode Etik dan Tanggung Jawab Profesional, serta berbagai Standar Prosedur Operasional, Perseroan juga secara konsisten mengembangkan perangkat pendukung yang telah ada untuk disesuaikan dengan perkembangan usaha Perseroan dan kondisi persaingan pasar. Dengan semua hal tersebut, diharapkan komitmen Perseroan untuk menerapkan GCG secara konsisten dan berkesinambungan dapat terpenuhi.

Penerapan Prinsip Tata Kelola Perusahaan yang BaikPedoman Umum Tata Kelola Perseroan yang Baik yang ditetapkan oleh Komite Nasional Kebijakan Governance (KNKG) yang menerapkan lima pilar dasar GCG, Transperancy (Keterbukaan), Accountability (Akuntabilitas), Responsibility (Pertanggungjawaban), Independency (Independensi), Fairness (Kesetaraan dan Kewajaran) – TARIF, merupakan prinsip yang dipegang oleh Perseroan.

GOOD CORPORATE GOVERNANCE

The Company deems the implementation of Good Corporate Governance is important in the process of maintaining long-term sustainability of

company business that gives priority to the interests of shareholders, stakeholders, and the public using Company services.

In order to benefit from the GCG implementation, the Company has been consistently and continouosly implement GCG with the support that is

provided with high integrity and commitment from various apparatus and all strata of employees within the Company. GCG is not only a necessity,

but it is part of Company culture, so that sustainability and business resilience of the Company can be achieved for a long term, and Company

performance can be enhanced which will give added value to the Company for the interests of its shareholders and stakeholders, as well as users of

Company services

GCG implementation by the Company has full and active support from the ranks of Board of Commissioners and Board of Directors of the Company.

The clarity of duties to be carried out by the respective Board of Commissioners and Board of Directors, the company strategic plan devised are

made in line with the Company Work Plan and Budget (RKAP). The compliance function and risk management and committee formation and

working unit supervising and controlling Company internal activities is the realization of commitment of the Board of Commissioners and Board of

Directors in GCG implementation. Top-down approach in GCG implementation highly observes the applicable regulations and the Company culture is

the basis that facilitates GCG implementation with the support of all parties.

In addition to vision and mission, Company values, Company Regulations, Guidelines concerning Code of Ethics and Professional Responsibility, and

various Standard Operational Procedures, the Company has also been consistently developing the existing supporting tools to be adjusted with the

Company business development and the condition of market competition. It is expected that by consistenly and continuously implementing GCG the

Company meets its commitment.

Implementation of Good Corporate Governance Principle

General Guidelines for Good Corporate Governance are established by the Governance Policy National Committee (KNKG / Komite Nasional

Kebijakan Governance) that implements the fundamental five pillars of GCG, Transparency, Accountability, Responsibility, Independency, Fairness –

TARIF, which are the principles underpinned by the Company.

Transparency

As a public company, the Company must maintain objectivity in performing its business activities by providing information relevant to its shareholders

and stakeholders. The Company must also ensure that information is available timely, adequately, clearly, and easily accessed.

Submission of various routine reports is an obligation of a public Company, among others interim financial report, mid year financial report, audited

Annual Report, annual report, and incidental report that encompass corporation actions, affiliation transactions, as well as material transactions. All of

those are in the form of public presentation, and through mass media. In addition, the Company must provide an official website of the Compamy

(www.firstmedia.co.id) as one of the facilities accessible by the public at large to obtain the Company’s annual report.

Accountability

The Company as a public company implements the pillar of accountability as a form of Company’s accountability to the shareholders and

stakeholders to indicate that Company management has been conducted properly, measurably, and is in accordance with the Company interests,

without setting aside the interests of shareholders and stakeholders.

In its implementation, the clarity of function, implementation, and accountability of the respective division in the Company, is equally important as

ascertaining that all divisions of Company and employees have sufficient competencies, in accordance with their duties and responsibibilities, and

their roles in Company business activities.


Every employee is given an opportunity to participate in the training programs and seminars ,both within and outside the Company, for the

development of their competencies. It does not stop here, the result of the development must be implemented and disseminated for the other

employees in order that there is always improvement and refinement in every aspect in the Company. The system implemented by the Compamy

related to giving awards to employees with high achievement and sanctions for employees not adhering to the rules, is one of the endeavors

made by the Company to test its accountability objectively. The Company also has a committee and working units for supervising and controlling

Company’s internal activities that are responsible directly to the Board of Commissioners and Board of Directors. This is to ensure that each division

in the Company plays its role and performs its function well.

Responsibillity

As a company, the Company is accountable to perform its business in accordance with the applicable laws and regulations. The compliance of

Company with the laws and regulations has given assurance of comfort for the Company’s customers in enjoying the service. On the other hand,

the Company may run its business activities smoothly and achieve business sustainability.

One way to ensure the compliance with the applicable laws and regulations is by having the Company Secretary working in collaboration with the

Corporate Legal Division. This measure is deemed necessary and it is assured that all activities of the Company are in line with the Articles of

Association, Company Regulations, and regulations of capital market. The Company emphasizes the implementation of prudence in carrying out its

activity.

In undertaking business, the Company serves its function as job provider for the society. Corporate Social Responsibility – CRS conducted by the

Company is also addressed for the society, particularly those domiciling around the business location of Company. As such, the Company may

contribute for the benefit of society life.

Independence

In the effort of creating independence, the Company has appointed an independent party that has high reputation to sit in the Board of

Commissioners and Board of Directors, and provide its optimal role for Company Audit Committee in conducting supervision to the performance of

Company business activities.

The step taken by the Company is to ensure that the Pillar of Independence implemented in Company management, so that no one dominating

each other, and nor influenced by a certain interests, and free from various interests, decision making will always be objective and create an optimal

output for the interests of shareholders, stakeholders, and the employees. Certainly, the principle of independence will always consider the opinion

and recommendations given by legal consultants, human resources, and other independent consultants.

Equality and Fairness

The fifth Pillar of the General Guidelines for Good Corporate Governance stipulated by the Governance Policy National Committee (KNKG / Komite

Nasional Kebijakan Governance) is Equality and Fairness which is implemented by the Company, among others, the Company will always give

a reasonable opportunity to any party in accessing information of the Company in accordance with the principle of transparency in the scope

of position of the respective party, in line with the benefit and contribution given by the capital market authority, capital market community, and

Company stakeholders.

The equality principle is also implemented by the Company for every competent individual who has the desire and is highly dedicated to work for

the progress of the Company. Career development for each Company’s employee is not based on ethnicity, religion, race, groups, gender, and

physical condition. The Company will always maintain and pay attention to the balance between the rights and obligations of employees in a fair and

reasonable manner.


ENGLISH VERSION

GUIDELINES FOR CORPORATE GOVERNANCE

Company Regulation

The Company’s endeavor to implement corporate governance is reflected starting from the vision, mission and Company values, up to how the

Company adheres to the applicable regulations in achieving it vision, mission and values.

The awareness that the Company should be part of good corporate citizen, the Company has established balanced regulations in managing

the external and internal relationship of the Company. The parties having external relationship of the Company, among others are ndependent

government agencies related to the Company business actviities, users of Company services, company partners in Company business activities, and

the communtieis in the surrounding areas of the workplace of the Company. Whereas the parties having Company internal relationship are Company

organ and its employees. To that end, the Company has prepared a series of regulations defined to be company regulations. The Company

Regulations have been formulated in line with Pancasila (the Five Principles) and National Development Program, in particular in matters for the

enhancement of economy and life of the nation. With regard to those matters, the Company has the desire not only to play a role in the Indonesian

economic development by developing its business activities, but also by enhancing its human resources thorugh increased competitiveness and

competencies.

Based on the awareness of the Company in establishing balanced regulations in managing the external and internal relationship of the Company and

creating good corporate governance, a regulation has been formulated that covers dignified business ethics principles, policies and procedures, risk

management, internal control and supervision, leadership, management of duties and responsibilities, management empowerment and competition

of employees complete with work evaluation system and awards.

Company regulations established by the Company should be able to strengthen the corporate governance structure in order to create a harmonious,

at the same time effective working relationship among the Company organs and employees. Supervisory system, evaluation and actions should

be based on accurateness and accountability, without impeding the performance of each organ of the Company. Thus, the corporate governance

process can be initiated with continuingly increased quality, starting from employee, management up to the leaders of the Company. The continuingly

enhanced governance process will eventually lead to Company external and internal relationship being maintained.

Human resources management has been determined as one part of Company development strategic plan, because in that way the Company

may smoothly and sustainably enhance its capacities to compete with other companies in Indonesia. The Compamy always believes that human

resources are the most important asset for the existence, sustainable growth and development of the Company in the long term.

Various aspects are considered by the Company in order a harmonious, secure, stable, peaceful and dynamic relationship between the Company

and all employees can be created, among others through clarity in task assignments, day-to-day rights and obligations of the respective employee,

giving attention on employees’ health, and work environment atmosphere that support employees’ performance. Those aspects are expected to be

able to improve employees’ productivity and assist in creating peace and satisfaction of the employees at work so that it will greatly assist in settling

any issues that may arise by deliberations.

The Company Regulations have been validated by the Decision of Ministry of Manpower and Transmigration of the Republic of Indonesia, Directorate

General for Industrial Relations Development and Manpower Social Security Number : 249/ PHIJSK- PKKAD/PP/IV/2013 dated 22 April 2013

which is valid until 21 April 2015. In general, Company Regulations contain the rights and obligations of employees and the Company, as well as

rules aiming to develop a harmonious, aligned, balanced in the efforts to increase efficiency, productivity and work achievement optimally. It is

expected that the Company Regulations may create a conducive industrial relationship between employees and the Company, in observance of the

applicable laws and regulations and government regulations, including any adjustment thereto in the future.

Code of Ethics and Professional Responsibility

The commitment of Company as a public company to have a sustainable business for a long term is not only reflected from the Company’s

compliance with binding rules. The Company has also been implementing a standard of code of ethics and professional responsibility as one

benchmark in achieving balance in Company’s business operation.


Other than the obligation to meet the requirements of all applicable laws and regulations, the Company also implements standards of Code of Ethics

and Professional Responsibility as a form of Company’s responsibility to the public, customers, shareholders and stakeholders in undertaking its

business activities.

Guided by international standards, commitment to be always compliant with the applicable regulations, and implementation of Good Corporate

Governance, fundamentally, it is essential for the Company to implement Standards of Code of Ethics and Professional Responsibility (Code of

Ethics) which have been validated by the Decision of Board of Directors Number: SK-008/DIR/X/10, dated 19 October 2010. All management and

employees must understand these standards of code of ethics as the basis in the conduct that governs the relationship between employees and the

Company, among employees, customers, suppliers, shareholders, stakeholders, government and the society. All management and employees must

sign the standards of code of ethics once every two years.

Any deviation from Company Regulations, Code of Ethics and Professional Responsibility is carried out through a thorough investigation based

on facts, while the decision is made and given based on the considerations on the results of the actions, degree of faults and motives of actions.

Through careful and objective considerations, Board of Directors decide types of sanctions which are made in line with the degree of deviations

and organizational hierarchy (ranks or positions of employees. Sanctions imposed on employees could be in the form of a verbal warning, warning

letters (I, II, III), no salary increment, no promotion or no bonus, until termination of employment (Pemutusan Hubungan Kerja / PHK). Specifically for

termination of employment, after having the approval of Board of Directors, it is followed by a submission of request for approval to the Ministry of

Manpower in accordance with the Manpower Law of the Republic of Indonesia.

The Policies on the Management of Irregularities Complaints

The Policies on the Management of Irregularities Complaints (KP3, Kebijakan Pengelolaan Pengaduan Pelanggaran) is a system that can serve

as a media for the reporting witness to submit information regarding alleged irregularities. The complaint received from irregularities complaints

mechanism (whistleblowing) needs to have some attention and follow up, including a proper punishment to give deterrent effects to the perpetrators

and those having intentions to commit such acts.

KP3 is intended to be the basis and guidelines for handling Irregularities Complaints from the stakeholdersto guarantee an effective settlement of

irregularities complaint within a reasonable timeframe. The target is to find out all issues in the Company which are not in line with the Code of Ethics

applicable in the Company.

This KP3 is valid for management and employees within the Company and all its business units in carrying out their day-to-day duties in accordance

with the principle of Good Corporate Governance.

GENERAL CONDITIONS IN HANDLING COMPLAINTS

Irregularities

The Company must accept complaints of irregularities from both internal and external parties. The Company must accept and settle complaints of

irregularities, both from those reporting parties who provides and does not provide its identity .

The Company provides two means for complaint management, namely through the Board of Directors if the irregularities are allegedly committed by

employees, and through the Board of Commissioners if the irregularities are allegedly committed by the Board of Directors, Board of Commissioners,

the supporting organ of Board of Commissioners and Head of Working Unit in accordance with the level of perpetrators’ positions.

A. Complaint Handling Process

1. Irregularities Complaint Management Team conducts a verification on the report received based on the team’s records. The Irregularities

Complaint Management Team shall decide on whether or not an investigation should be made upon irregularities complaint within 30 days

and it may be extended 30 working days at the maximum.

2. If the result of verification indicates that the complaint is not right and there is no evidence then it will not be processed further.

3. If the result of verification indicates that there is a violation supported with sufficient evidence, the complaint can be processed to the

investigation stage.


ENGLISH VERSION

4. Related to complaints of irregularities involving an employee that requires an investigation, it shall be followed up by the Irregularities

Complaint Management Team of the Board of Directors’ level to be investigated.

5. Related to irregularities complaint involving Board of Directors, Board of Commissioners, supporting organ of Board of Commissinoners and

Head of Work Units that will have to be investigated, it must be followed up by the Irregularities Complaint Management Team of Board of

Commissioners’ level to be investigated.

6. The perpetrator who has been proven based on the result of investigation, will be processed in accordance with the applicable regulations.

7. If from the result of investigation it is proven that there is a disciplinary violation by employees, it can be followed up with a disiciplinary

meeting in accordance with the applicable provisions with the Board of Directors serves as the judge, Internal Audit Division as the prosecutor,

Human Resources Division or Legal Corporate Division as the defender and the opinion or input from the concerned supervisor.

8. If from the result of investigation it is proven that there is a violation by an employee that leads to a criminal act, a follow-up action through

the legal proceedings applicable by the law enforcement agencies with the Board of Directors or those given the authority therefor as the

official handling the case.

9. All irregularities complaint process is properly administered by the Irregularities Complaint Management Team.

B. Monitoring on the Follow up

1. Monitoring on the follow up of irregularities complaint is made by the Irregularities Complaint Management Team.

2. Irregularities Complaint Management Team must inform any irregularities complaint which is received, investigated, and deemed completed to

the Board of Directors and or Board of Commissioners at any time required

Protection and Appreciation

A.Protection for the Reporting Party and Reported Party

1. The Company is obliged to protect the reporting party which is meant to encourage people to report any irregularities.

2. Protection for the reporting party includes

• Guarantee of confidentiality of the identity of the reporting party and the content of the report .

• Guarantee of security for the reporting party and his/her family.

• Guarantee of protection from disadvantageous treatment

3. The Company provides guarantee of confidentiality of the reported party identity until the status of as a witness is changed.

B. Reward to Reporting Party

1. The Company may give a reward to the reporting party if the irregularities can be proven and that the asset/finance of the Company can be

saved.

2. Reward is given based on the policies of Board of Directors.

Standard Operational Procedure

In order to ensure that all operational activities run according to the rules, the Company has prepared Standard Operational Procedure in details. The

Standard also functions as one of references in quality audit process conducted on the Company.

Corporate Governance Structure

Corporate Governance Structure consists of GMS, Board of Commissioners and Board of Directors, supported by the Audit Committee as the

committee responsible for the Board of Commissioners, Secretary of Company, and Internal Audit Unit responsible directly to the President Director.

The Company Organ plays a key role in the success of the implementation of Corporate Governance. This Company Organ carries out its function

in accordance with the provisions of the laws, Articles of Association of the Company and other provisions based on the principle that each organ is

independent in carrying out is duties, function and responsibilities for the interest of the Company.


General Meeting of Shareholders (GMS) both Annual GMS (AGMS) and Extraordinary GMS (EGMS) exercise the highest power and authority in the

company. The authority of GMS includes appointing and dismissing of members of Board of Commissioners and Board of Directors, approving the

change of Articles of Association, approving annual report and making decision on the form and amount of remuneration of members of Board of

Commissioners and Baord of Directors.

EGMS shall be held once a year, while EGMS may be convened in accordance with the need. During 2015, the Company held 1 (one) AGMS and 1

(one) EGMS on 15 May 2015.

Procedure for GMS Implementation

In the Law on Limited Liability Company and Articles of Association of Company, EGMS is held at the latest six months after the end of financial year.

During AGMS, Board of Commissioners and members of Board of Directors present the followings :

1. Annual Report

2. Recommendation on the appropriation of net profit provided the Company records a net profit.

3. Recommendation on Public Accounting Office to conduct an audit of Company’s financial report for the current financial year, based on

the requirements of Board of Commissioners, or transfer the authority for the appointment of Public Accounting Ofice to the Board of

Commissioners.

4. Appointment of Board of Commissioners and Board of Directors of the Company as well as the determination of salary, benefits,

honorarium,bonus, funds or other remuneration for members of Board of Commissioners and Board of Directors of the Company.

5. Other matters requiring the approval of shareholders in GMS for the interest of the Company without prejudice to the provisions of Articles of

Association.

In general the stages of GMS implementation are as follows :

Time Activities

H-44 Notification to OJK

H-37 Announcement of GMSThe Company must make an announcement/notification on the holding of GMS 14 days prior to the invitation/summon is distributed.

H-29 Time limit for the submission of proposal of GMS Agenda by shareholders with 5% shareholding

H-23 Recording Date of those entitled to attend GMS

H-22 Announcement of GMS The Company invites/summons shareholders by registered letter or announcement in the newspaper issued at least 21 days prior to GMS, outside the date of invitation and date of GMS. As an open Company, in order to guarantee the coherence of information regarding the plan or implementation of GMS, and pursuant to OJK Regulation No.32/POJK.04/2014, the Company provides the details of the plan to OJK at least seven days prior to the distribution of invitation.

H GMS

H+2 Announcement on the GMS Result After GMS is convened, the company reports the GMS result to OJK latest two working days and announce GMS decision through at least one Indonesian newspaper circulated nationally. All shares issued has one voting right if it is not determined otherwise by the Company’s Articles of Association .


ENGLISH VERSION

During 2015 the Company has convened AGMS and EGMS respectively once with the following details :

GMS Time Venue Agenda Newspaper

AGMS Friday, 15 May 2015, at13:30 hours

Ballroom B Hotel Aryaduta Tugu Tani JakartaJl. Prapatan 44-48, Jakarta 10110

1. Approval of Company Annual Report for the financial year ending 31 December 2014 and Validation of the Annual Statement comprising of Balance Statement and Profit and Loss Statement the fiscal year ending 31 December 2014, and give acquit et de charge to all members of Board of Directors and Board of Commissioners of the Company.

2. Stipulation on the appropriate of Company Profit and Loss of fiscal year ending 31 Desember 2014.

3. Appointment of Public Accountant Office to audit the book of Company for 2015 financial year and conferment of authority to the Board of Directors of the Company to determine the amount of honorarium of Public Accountant together with other appointment requirements.

4. Appointment of Board of Commissioners and Board of Directors of the Company and the determination of honorarium, benefit, salary, bonus of funds or other remunerations for members of Board of Directors and Board of Commissioners of the Company.

Announcement in Investor Daily and Suara Pembaruan newspapers dated 8 April 2015

Announcement in the Investor Daily and Suara Pembaruan newspapers dated 23 April 2015

Announcement of GMS Result in Investor Daily and Suara Pembaruan newspapers dated 19 May 2015

EGSM Friday , 15 May 2015, at 14:30 hours

Ballroom B Hotel Aryaduta Tugu Tani JakartaJl. Prapatan 44-48, Jakarta 10110

Amendment of Company’s Articles of Association in adjustment with OJK Regulations No.32/POJK.04/2014 and No.33/POJK.04/2014.

Announcement in Investor Daily and Suara Pembaruan newspapers dated 8 April 2015

Announcement in Investor Daily Suara Pembaruan newspapers dated 23 April 2015

Announcement of GMS Result in Investor Daily Suara Pembaruan newspapers dated 19 May 2015

GMS Implementation

AGMS Implementation

During 2015 the Company convened AGMS on 15 May 2015 with the following agenda and decision:

Agenda Decision

Agenda 1 1. Approve Company Annual Report, main points of which have been conveyed by the Board of Directors in GMS with regard to the condition and performance of the Company for 2014 Financial Year including Report on the Implementation of Supervisory Duties of Company’s Board of Commissioners for 2014 Financial Year.

2. Validate the Company Financial Statement (Consolidated) for 2014 Financial Year which has been audited by Public Accountant Office Aryanto, Amir Jusuf, Mawar & Saptoto (RSM AAJ Associates is a member of the RSM network) in accordance with its report Number: R/144.AGA/dwd.2/2015 dated 23 March 2015 which gave unqualified opinion on the financial statement, in all material matters, the consolidated financial position of the Company and its subsidiary dated 31 Desember 2014, as well as financial performance and consolidated cash flow for the year ending on that date, in accordance with Financial Accounting Standard in Indonesia.

3. Further with the approval of Company Annual Report for 2014 Financial Year and the validation of Company Financial Statement for 2014 Finanial Year, GMS has given full release and discharge (acquit et de charge) to all members of Board of Directors for the management actions of the Board of Directors and supervisory actions of members of Board of Commissioners carried out during 2014 Financial Year, to the extent it is not a criminal act or does not violate the provisions of legal procedures applicable and recorded in the Company’s Financial Statement for 2014 Financial Year.


Agenda 2 Approve the stipulation of appropriation of Company’s net profit for 2014 Fiscal Year which in for the followings: 1. Booked as Retained Earning will be used to finance the Company’s business development 2. Approve the Company policy not to distribute dividends to the shareholders for 2014 Financial Year and the total

net profit of current year obtained by the Company during 2014 Financial Year is recorded as retained earnings by the Company .

Agenda 3 1. Reappoint Public Accountant Office Aryanto, Amir Jusuf, Mawar & Saptoto (RSM AAJ Associates is a member of the RSM network) to audit Company book for 2015 Financial Year.

2. Give authority to the Company’s Board of Directors to determine the honorarium of Public Accountant together with the other requirements for its appointment.

Agenda 4 1. Stipulate not to make any change of composition of members of Board of Directors and Board of Commissioners, so that the composition of members of the Company’s Board of Directors and Board of Commissioners remain the same as the composition of that of previous year and therefore confirm that the composition of the Company’s Board of Commissioners and Board of Directors is as follows :

Board of Commissioners : President Commissioner : Theo L. SambuagaIndependent Commissioner : Didik J. RachbiniIndependent Commissioner: Rizal RamliIndependent Commissioner: H. MuladiIndependent Commissioner: Nanan SoekarnaIndependent Commissioner: Ito Sumardi DSCommissioner : Markus PermadiCommissioner : Benny HaryantoCommissioner : Richard Setiadi

Board of DirectorsPresident Director: Ali ChendraVice President Director : Irwan DjajaIndependent Director: Harianda NoerlanDirector: Dicky S. MoechtarDirector: Johannes TongDirector: Anthony Chandra KartawiriaDirector: Richard Kartawijaya

Up to the closing of AGMS for 2016 financial year which will be held in 2017.

Confer power to the Company’s Board of Directors to make resolution statement in confirming the composition of Company’s Board of Commissioners and Board of Directors in a separate notarial deed.

2. Approve the conferment of authority to the Company’s President Commissioner to determine honorarium, benefit, salary, bonus and/or other remunerations for members of Company’s Board of Directors and Board of Commissioners

Implementation of EGMS

During 2015 the Company convened EGMS on 15 May 2015 with the following agenda and resolutions.

Agenda Resolutions

1. Approve the amendment of Company’s Articles of Association in adjustment with OJK Regulation No.32/POJK.04/2014 dan POJK No.33/POJK.04/2014 and other laws and regulations applicable in capital market.

2. Give full approval, authority and power to the Board of Directors with substitution right to take any actions necessary related to matters decided in GMS Agenda.

Information of Controlling Shareholders

The Company’s controlling shareholder is AcrossAsia Limited with a total of 55,10% and the remaining shares are owned by PT Reksa Puspita

Karya totaling 33,76%, and public has 11,14%.

Board of Commissioners

In accordance with the applicable laws and regulations, the Board of Commissioners is the Company organ that represents the Shareholders to

conduct supervisory function on the implementation of Company’s policies and strategies by the Board of Directors and provide direction/advice to


ENGLISH VERSION

the Board of Directors in managing the Company in good faith, with prudence and accountability, as well as carrying out the function to strengthen

the image of the Company in the eyes of the public and shareholders.

Requirements, Membership and Term-of-Office

The applicable formal and material requirements have been fulfilled by all members of Company’s Board of Commissioners. Formal requirements

are general, which are in accordance with the applicable laws and regulations while material requirements are specific, which are adjusted with the

need and nature of Company business.

The Board of Commissioners constitute a board and each member of Board of Commissioners is not allowed to take actions individually but it will

have to be based on the decision of Board of Commissioners.

Pursuant to Law No.40 of 2007 on Limited Liability Company and OJK Regulation No.33/POJK.4/2014 on Board of Directors and Board of

Commissioners of Issuer or Public Company, those who may be appointed as a member of Board of Commissioners is an individual of Indonesian

or foreign citizen (who meets the requirements of the prevailing laws and regulations) who is competent in taking legal actions, unless within the

period of 5 (five) years prior to the appointment : (a) has been declared bankrupt; (b) has been a member of Board of Directors or member of

Board of Commisioners, or a member of supervisory board who is declared guilty for causing a Company bankrupt; (c) has been sentenced for

committing a criminal offence creating financial loss to the state and/or State Owned Enterprises and/or that of related to financial sector; (d) has

never been a member of Board of Directors and/or Board of Commissioners; (e) its accountability as member of Board of Directors and/or Board

of Commissioners once has not been accepted by GMS or once did not give his/her accountability to GMS as a member of Board of Directors

and/or Board of Commissioners; (f) causing company that has obtained a permit, approval or registration from Financial Service Authority (OJK) not

fulfilling its obligation in submitting an annual report and/or financial report to OJK. In addition, the candidate member of Board of Commissioners

must have a commitment to comply with the laws and regulations and has the capability and/or expertise in the field required by the Issuer or Public

Company.

Member of Board of Commissioners who meets the requirements in accordance with the laws and regulations. Among members of Board of

Commissioners and among members of Board of Directors there should not be blood family relationship up to the third degree, either vertically or

horizontally, or a relationship as a result of a marriage (allied by marriage).

The term-of-office of members of Board of Commissioners is for a period of 3 (three) years as of the date stipulated by GMS that made the

appointment until the the closing of the third AGMS following his/her appointment.

The provision regarding the term-of-office of member of Board of Commissioners does not lessen the right of GMS to dismiss the member of

Board of Commissioners at any time prior to the expiry of his/her term-of-office. The followings are, among others, the reasons for the dismissal of

members of Board of Commissioners : (a) cannot perform his/her duties properly; (b) does not implement the provisions of laws and regulations or

the provisions of Articles of Association; or (c) is not involved in the action creating loss to the Company or State.

Member of Board of Commissioners may concurrently have a position as : (a) member of Board of Direcords at the most in 2 (two) other Issuers

or Public Companies; and (b) member of Board of Commissioners at the most in 2 (two) other Issuers or Public Companies. In the event a

member of Board of Commissioners does not concurrently have a position as a member of Board of Directors, the concerned member of Board of

Commissioners may concurrently have a position as member of Board of Commissioners at the most in 4 (four other Issuers or Public Companies.

Member of Board of Commissioners may concurrently serve as a member of committee at the most in 5 (five) committees in Issuer or Public

Company where the person concerned also has a position as a member of Board of Directors or member of Board of Commissioners. Having

concurrently a position as a member of committee is possible to the extent it is not contrary to the other laws and regulations.

Independent Commissioner who has held the position for 2 (two) periods of term-of-office may be re-appointed in the next period to the extent the

Independent Commissioner declares that he/she is still independent of GMS. Statement of independence of the Independent Commissioner shall


be disclosed in the Annual Report. In the event Independent Commissioner has a position in the Audit Committee, the concerned Independent

Commissioner may only be re-appointed in the Audit Committee for the next 1 (one) period of term-of-office of Audit Committee.

A member of Board of Commissioner shall be entitled to resign from his/her position by giving a written notice regarding such intention to the

Company copied to the Company’s Shareholders, Board of Commissioners and other members of Board of Directors at the latest 90 (ninety)

days prior to the date of resignation. If the request for resignation does not mention the effective date of resignation and there is GMS resolution

concerning the resignation, then the member of Board of Commissioners shall effectively resigns after 90 (ninety) days of the date of receipt of

resignation letter.

The position of Board of Commissioners shall expire if : (a) the term-of-office expires; (b) resigns in accordance with the provisions of Articles of

Association; (c) does not meet the requirements of laws and regulations; (d) passes away and (e) is dismissed based on GMS.

Composition and Term-of-office of Board of Commissioners

The AGMS convened on 15 May 2015 GMS decided not to make any changes to the composition of members of Board of Commissioners, thus

the composition of members of Board of Commissioners of the Company remains the same as that of previous year. Hence the composition of

members of Board of Commissioners is as follows :

Board of Commissioners TitleDate of commencement of term-of-office

Theo L. Sambuaga President Commissioner 24 September 2013

Didik J. Rachbini Independent Commissioner 29 June 2006

Rizal Ramli Independent Commissioner 16 Januari 2008

H. Muladi Independent Commissioner 24 September 2013

Nanan Soekarna Independent Commissioner 23 April 2014

Ito Sumardi DS Independent Commissioner 24 September 2013

Markus Permadi Commissioner 25 April 2013

Benny Haryanto Commissioner 23 April 2014

Richard Setiadi Commissioner 23 April 2014

The composition of Board of Commissioners again experienced a change following the resignation letter of Mr. Rizal Ramli as Independent

Commissioner and subsequently Information Disclosure was submitted by the Company through letter no. 060/DIR/IX/2015, date 8 September

2015 to OJK. Such resignation does not affect the composition of presentation of Independent Commissioner as required in POJK No.33/

POJK.04/2014 dated 8 December 2014, therefore EGMS is not convened. Thus, the composition of members of Board of Commissioners is as

follows :

Board of Commissioners TitleDate of commencement of term-of-office

Theo L. Sambuaga President Commissioner 24 Sep 2013

Didik J. Rachbini Independent Commissioner 29 Juni 2006

H. Muladi Independent Commissioner 24 September 2013

Nanan Soekarna Independent Commissioner 23 April 2014

Ito Sumardi DS Independent Commissioner 24 September 2013

Markus Permadi Commissioner 25 April 2013

Benny Haryanto Commissioner 23 April 2014

Richard Setiadi Commissioner 23 April 2014

Short profile of members of Board of Commissioners is presented on the page under the topic “First Media General Information –First Media

Management– Profile of Board of Commissioners”.


ENGLISH VERSION

Duties, Responsibilities and Obligations

1. Supervise and responsible for the supervision of management policies, how management of the Company and Company business is carried

out in general and give advice to the Board of Directors, including matters concerning development plan, work plan and annual budget of

the Company, implementation of provisions of Company’s Articles of Association and decision of GMS and laws and regulations with due

regard to the interests of the Company.

2. Perform duties and assume responsibilities in good faith, full of accountability, and prudence, in accordance with the provisions of Company’s

Articles of Association and GMS resolutions.

3. For the purpose of supporting the effectiveness in the implementation of duties and responsibilities, the Board of Commissioners is obligated

to form an Audit Committee and may form other committees, including making an evaluation on the committee performance.

Meeting of Board of Commissioners

Board of Commissioners holds a meeting at least once in 2 months. Board of Commissioners conduct a meeting together with the Board of

Directors regularly at least once in 4 months. The meeting is deemed valid and binding if more than 50% of its total members present and

represented in the meeting.

The following table contains information on the attendance of Board of Commissioners in the meeting of Board of Commissioners conducted

throughout 2015.

Attendance

Commissioner Meeting of Board of CommissionersMeeting of Board of Commissioners with

the Board of Directors

Total Attendance Total Attendance

Theo L. Sambuaga 12 times 3 times

Didik J. Rachbini 12 times 3 times

Rizal Ramli 7 times 2 times

H. Muladi 12 times 3 times

Nanan Soekarna 12 times 3 times

Ito Sumardi DS 8 times 3 times

Markus Permadi 12 times 3 times

Benny Haryanto 12 times 3 times

Rchard Setiadi 12 times 3 times

Mr. Rizal Ramli attended the meeting of Board of Commissioners in a year only up to his resignation as an Independent Commissioner on 12

August 2015, because of a call of duty to become a Minister.

Board of Directors

Board of Directors is the Company organ fully responsible for the management of Company by constantly giving attention to the interests and

objectives of the Company and business units as well as considering the interests of shareholders and all stakeholders. Board of Directors shall be

appointed and dismissed based on GMS resolutions. Board of Directors of First Media has a term-of-office up to the next 3 (three) years of AGMS

from the date of appointment by the Shareholders. Shareholders in GMS or AGMS shall be entitled to dismiss members of Board of Directors at any

time prior to the expiry of their term-of-office.

Requirements, Membership and Term-of-Office

Pursuant to Law No.40 of 2007 on Limited Company and OJK Regulation No.33/POJK.4/2014 on Board of Directors and Board of

Commissioners of Issuers or Public Companies, those who may become members of Board of Directors are natural persons who meet the following

requirements at the time of appointment and during term-of-office :

1. Has good character, morality, and integrity.


2. Competent to take legal actions.

3. Within 5 years prior to the appointment and during term-of-office :

a. Has never been declared bankrupt;

b. Has never been a member of Board of Directors and or member of Board of Commissioners who are declared guilty for causing a company

declared bankrupt;

c. Has never been punished for committing a criminal act creating state financial loss and/or that is related to financial sector; and

d. Has never been a member of Board of Directors and/or member of Board of Commissioners who during term-of-office: (1) did not convene

AGMS; (2) its accountability as member of Board of Directors and/or member of Board of Commissioners has not been accepted by GMS or

did not give his/her accountability as a member of Board of Directors and/or member of Commissioner to GMS; and (3) caused the company

that obtains permit, approval or registration from OJK did not fulfill its obligation to submit an annual report and/or financial report to OJK.

4. Has a commitment to comply with the laws and regulations; and

5. Has knowledge and/or expertise in the field required by Issuers or Public Companies.

The composition of members of Company’s Board of Directors did not experience any change since 2013 AGMS. Therefore the composition of

Company’s Board of Directors is as follows:

Board of Directors Title Date of commencement of term-of-office

Ali Chendra President Director 23 April 2014

Irwan Djaja Vice President Director 23 April 2014

Harianda Noerlan Independent Director 29 Juni 2006

Dicky S. Moechtar Director 29 Juni 2006

Anthony C. Kartawiria Director 23 April 2014

Richard Kartawijaya Director 23 April 2014

Johannes Tong Director 25 April 2013

Duties, Responsibilities and Obligations

Based on the Company’s Articles of Association, broadly speaking the Board of Directors is responsible to manage the Company in good faith and

with full of responsibility. The Board of Directors is also entitled to take actions for and on behalf of the Company, within or outside the court, for any

matter or event, with other parties. The Board of Directors shall also be accounted for the implementation of their duties to the shareholders through

GMS. In the event GMS does not stipulate segregation of duties of Board of Directors, then the distribution of duties of Board of Directors shall be

determined based on the resolutions of Board of Directors, as follows :

1. Ali Chendra (President Director) generally is responsible for all Company’s activities;

2. Irwan Djaja (Vice President Director) generally is responsible for Company’s financial policies.

3. Harianda Noerlan (Independent Director) is responsible for Corporate Services and concurrently as Corporate Secretary.

4. Dicky S. Moechtar (Director) is responsible for Strategic Business Development.

5. Anthony C. Kartawiria (Director) is responsible for Financial Management.

6. Richard Kartawijaya (Director) is responsible for Corporate Strategic and Planning Business Development.

7. Johannes Tong (Director) is responsible for Subsidiaries Business Development.

Meeting of Board of Directors

Board of Directors holds meeting at least once in 1 (one) month or anytime as necessary, at the location of the domicile or business activities of the

Company. Board of Directors also participates in the Board of Commissioners’ Meeting to discuss the progress of Company in general. Meeting

of Board of Directors is deemed valid and entitled to make binding resolutions if more than 50% of the total number of Board of Directors are

present or represented in the meeting.


ENGLISH VERSION

The following table contains information on the attendance of Board of Directors in the meetings of Board of Directors and meetings of Board of

Commissioners throughout 2015.

Attendance

Board of Directors Meeting of Board of DirectorsMeeting of Board of Commissioners and

Board of Directors

Total Attendance Total Attendance

Ali Chendra 20 times 2 times

Irwan Djaja 24 times 3 times

Harianda Noerlan 24 times 3 times

Dicky S. Moechtar 24 times 3 times

Anthony C. Kartawiria 24 times 3 times

Richard Kartawijaya 20 times 3 times

Johannes Tong 10 times 1 times

COMMITTEES UNDER THE BOARD OF COMMISSIONERS

Audit Committee

Audit Committee is a committee formed by and responsible to the Board of Commissioners in assisting the implementation of duties and functions of

Board of Commissioners. Audit Committee consists of two members who are independent parties competent in accounting and financial fields and

chaired by an Independent Commissioner.

Audit Committee in performing its functions, has the duties and responsibilities to :

Examine financial information to be issued by the Company among others, financial statements, projections, and other financial information.

Examine the compliance with the laws and regulations related to the Company activities.

Give independent opinion in the event there is a difference of opinion between management and Accountant related to the services provided.

Give recommendations to the Board of Commissioners concerning the appointment of Accountant which is based on independence, scope of duties,

and fees for services.

Examine the implementation of inspection by internal auditor and supervise the implementation of follow up by the Board of Directors on the findings

of the internal auditor.

Examine the activities of risk management implementation carried out by the the Board of Directors, if the Company does not have risk monitoring

function under the Board of Commissioners.

Examine complaints related to accounting process and financial statements of the Company.

Examine and give requirements to the Board of Commissioners related to the potential conflict of interest of the Company; and

Maintain the confidentiality of document, data and information of Company.

In performing the duties, Audit Committee must work in collaboration with the party conducting Internal Audit function. Audit Committee has 3 (three)

members, consisting of 1 (one) Chairman concurrently Independent Commissioner and 2 (two) independent members. All members of Audit

Committee have met the criteria of independence, expertise, experience and integrity required in the various applicable regulations. Throughout

2015, Audit Committee conducted 4 (four) meetings.

The composition of Audit Committee per 31 December 2015 is as follows :

1. Didik Junaidi Rachbini (Chairman/Independent Commissioner)

2. Herman Latief (Member/Independent)

3. Raden Hikmat Kartadjoemena (Member/Independent)

Meeting Agenda and attendance of Audit Committee


Audit Committee Attendance of Audit Committee Meeting % of Attendance

Didik J. Rachbini 4 times

Herman Latief 4 times

Raden Hikmat Kartadjoemena 4 times

Profile of Audit Committee

Didik J. Rachbini

Chairman/ Independent Commissioner

Indonesian Citizen. He obtained the degrees Ph.D and M.Sc in the field of Development Study from Central Luzon State University, Philippines.

Holding the position as Company’s Independent Commissioner since 2006. He held a number of positions in various institutions among others

Member of People’s Consultative Assembly (MPR), Member of House of Represenstatives (DPR), Commissioner of Commission for the Supervision

of Business Competition (KPPU), Commissioner of PT Angkasa Pura I and currently holding a position as President Commissioner of PT Humanika

Consultindo.

Herman Latief

Member/Independent

Indonesian Citizen. He serves as a Member of Audit Committee since January 2013. Deputy Chairman of Permanent Committee for Industrial

Estate Development, Chamber of Commerce (KADIN/Kamar Dagang dan Industri) (since 2008), and Deputy Chairman of Advisory Board of

Association of Indonesian Industrial Estate (HKI / Himpunan Kawasan Industri Indonesia) (since 2000). He graduated from TFH, Hamburg., Germany,

with the degree Diplom Ingenier Architect (Dipl. Ing) in 1976. Previous to that he worked as an Architect in PT Widya Pertiwi Engineering (1976-

1978), Director in Kalbe Farma Group Company (1979-1988), President Director of PT Lippo Cikarang Tbk. (1989-1999), Deputy President

Commissioner of PT Lippo Cikarang Tbk. (1999-2001), Commissioner of PT Lippo Land Development (2001-2004), Commissioner of PT Bukit

Sentul Tbk. (2004-2005), Director of PT East Jakarta Industrial Park (2004-2010), Audit Commmitte of PT Pacific Utama Tbk. (2005-2007), Audit

Committee ofPT Gowa Makassar (2005-2007), and Audit Committee of PT Multipolar Tbk (2007-2009). He was also active in the Advisory Board

of Himpunan Kawasan Industri Indonesia (HKI) (1995-2000) and as Deputy Chairman of Real Estate Indonesia (1999-2008).

R. Hikmat Kartadjoemena

Member/Independent

Indonesian Citizen, born in Semarang in 1943, graduated from City University, New York, United States of America. He has an extensive experience

in Indonesian banking business.

He started his career as Deputy Assistant in New York for Bank Ekspor Impor Indonesia during the period 1970-1975, he was then appointed

by Chemical Bank New York to become Chief Representative Chemical Bank in Jakarta during the period of 1983-1987. Subsequently he had a

position as Deputy President Director of Unibank and Director of Corporate Bangking Bank Pacific. He served as Commissioner of PT Inti Indorayon

Utama Tbk during the period of 1990-1997. He also held a position as the Advisor for Indonesia in Newbridge Capital (Singapore) Pte Ltd and

Commissioner of Saratoga Capital during the period of 1997-2008, he has a position as Senior Advisor for Indonesia in Imprimis (Singapore) Pte

Ltd and Khronos Advisory Limited until to date. He has joined the Company as a Member of Audit Committee since January 2013.


ENGLISH VERSION

Corporate Secretary

As the liaison between the Company and Company Executives, the Company has appointed a Corporate Secretary who is responsible to the Board

of Directors. Based on OJK Regulation No. 35/POJK/04/2014, dated 8 December 2014 on Corporate Secretary of Issuers or Public Companies,

the Company must have a function of corporate secretary. The function of corporate secretary can be performed by a natural person or working

unit. In article 3 paragraph 2 of this regulation, a member Board of Directors may concurrently hold the position of Corporate Secretary. At present

Corporate Secretary position is held by Harianda Noerlan who is also the Independent Director of the Company.

Duties of Corporate Secretary are :

1. Follow the development of Capital Market specifically laws and regulations applicable in Capital Market.

2. Give input to the Company’s Board of Directors and Board of Commissioners to comply with the laws and regulations on Capital Market.

3. Assist the Board of Directors and Board of Commissioners in corporate governance that include :

- information disclosure to the public, including information availability at the Company Website;

- timely submission of report to OJK;

- organize and documentation of GMS;

- organize and documentation of meeting of Board of Directors and/or Board of Commissioners; and

- implement orientation program of the company for the Board of Directors and/or Board of Commissioners.

4. as the liaison between the Company and Company’s shareholders, OJK, and other stakeholders.

Activities of Corporate Secretary during 2015 are as follows :

1. Guide the Company to constantly comply with capital market regulations, and follow new development in regulations to further ensure that the

Company implements such regulations. The Company issues 4 (four) Financial Statements and 1 (one) Annual Report.

2. Make correspondence with the capital market regulator (OJK and BEI) as well as the other supporting agencies such as KSEI, BAE and the

trustee. Correspondence is conducted 48 (forty-eight) times.

3. Convey information disclosure related to the Company submitted through reports, whether regulated or not, among others in the form of press

release, website, and provide service for any need of information related to the Company condition.

4. Coordinate the holding of AGMS and EGMS.

5. Coordinate the implementation of annual public presentation.

Profile of Corporate Secretary

Harianda Noerlan, Indonesian Citizen

Holding a position as Company Director in the Company in the area of Corporate Services and concurrently also has a position as Corporate

Secretary since June 2006. He started his professional career in banking since 1990, namely in PT Bank Niaga Tbk, with the latest position as

Head of International Banking Division – Capital Market Group.

In 2000, he joined Indonesian Bank Restructuring Agency (IBRA) with the last post as Vice President, Group Head in the Bank Restructuring Unit.

January 2002 through May 2006 he joined PT Bank Lippo Tbk. The position held during his time with PT Bank Lippo Tbk among others were

Managing Director, Director of Compliance, Distribution Financial Services, and Senior Vice President, Channels & Alliances Group Head. He earned

his postgraduate degree in Machine Engineering from Universitas Trisakti, Jakarta, Indonesia.


Internal Audit Charter

Formation of Internal Audit Unit

The formation of Internal Audit Unit in the Bapepam-LK Regulation No. IX.I.7 Appendix of Decision of Chairman of Bapepam-LK No. Kep-496/

BL/2008 concerning the formation and guidelines for the formulation of internal audit unit charter. Internal Audit Unit has the duties among others

to test and evaluate the implementation of internal control and risk management system in accordance with the Company policy and conduct

examination and evaluation on the efficiency and effectiveness in finance, accounting, operation, human resources, marketing, information technology

and other activities.

In implementing the duties Internal Audit Unit will always collaborate with Audit Committee and responsible to President Director, the Formation of

Internal Audit unit is the realization of Company commitment in creating a proper and efficient governance.

During 2014, Internal Audit Unit is run by Leony Hartono. He started his career in 2000 as an auditor in a public accountant office in Detroit, United

States of America. He joined the accounting office Ernst & Young Indonesia in 2002 and later worked in the banking sector and manufacturing

industry company prior to joining the Company in 2008. He obtained a degree of Bachelor of Accounting and Master in Professional from Michigan

State University, United States of America.

INTERNAL AUDIT CHARTER

Background

Internal Audit Charter of PT First Media Tbk is made to fulfill the Decision of Chairman of Capital Market Supervisory Agency and Financial Institution

(“Bapepam-LK” / Badan Pengawas Pasar Modal dan Lembaga Keuangan) Number : KEP-496/BL/2008 dated 28 November 2008 on the

Formation and Guidelines for the Formulation of Internal Audit Unit Charter.

Vision

To be a risk management-based Internal Audit service provider by applying the principle of good corporate governance-GCG).

Mission

Provide professional Internal Audit services to ensure the creation of a sound company, that is developing normally and can well support the

national economic development which is the interest of the stakeholders.

Definition of Audit Internal

Audit Internal is an activity of providing assurance and independent as well a objective consultation, with the aim to enhance the value and improve

company operation, through enhancing the effectiveness of risk management, control and corporate governance process.

Unit Audit Internal

Internal Audit Unit is an independent, objective work unit, that serves as a consultant, formed within PT First Media Tbk (“hereinafter referred to as

First Media”) to give an added value and enhance operations including that of its subsidiaries. Internal Audit Unit is not an extension, or substitute

of management. The responsibility for operational control is not fully under the operational management that has to ensure that an appropriate and

adequate control management has been applied.

Internal Audit Unit in performing Audit Internal function has given assurance, consultation services and investigation on fraud cases in an independent

and objective manner that may give added value and improve First Media operations both at the head office and branches.

Assurance Services

An objective assessment which evidence has been tested with the aim to give an independent assessment on the implementation of risk

management, control and governance processes in First Media operation.


ENGLISH VERSION

Consultation Services

Activities for providing consultation services related to the efforts in improving the effectiveness of risk management implementation, control and

governance processes. Consultation services provided is not binding and without omitting the independence principle, thus responsibility for following

up the result of consultation remains with the auditee.

Investigation Services of Fraud Case

Internal Audit Unit proactively assists the management in the identifying, detecting and conducting an audit investigation on First Media operational

activities suspected to be a fraud.

Key Success Factor

Optimalization of utilization of technology, application of the best method and effective as well as efficient organization which is supported by

competent human resources that constantly uphold the professional ethics, through working process which :

Focus on business process and service to stakeholders

Proactive, responsive, credible and objective

Communicate effectively both verbally and in writing

Capable to find the roots of the problems and early detection

Able to present findings objectively

Able to present effective recommendations that can be implemented

Position

Internal Audit Unit has the following position:

Led by the Head of Audit Unit who is appointed and dismissed by the Board of Directors with the approval of Board of Commissioners and reported

to the Chairman of Bapepam-LK.

The Head of Unit Audit Internal shall be responsible to the President Director and can communicate directly with the President Commissioner/Audit

Committee, to inform matters related to audit.

Notification of information related to audit to the Board of Commissioners should be reported to President Director.

Internal Audit Unit may act as a consultant for internal parties that require such services, particularly for matters related to its duties, and of strategic

in nature.

Scope

Internal Audit Unit assists the company in achieving its objectives by :

Using a systematical method in evaluating and improving risk management effectiveness, control and governance processes.

Ensuring that control system and risk management are adequate, working efficiently and economically, and function effectively in achieving the

objectives and target or organization programs that have been announced.

Implement special assignment which is relevant to the scope of works, such as evaluation, investigation and disclosure on deviation, fraud and waste.

Internal Audit Unit protects, enhances and creates added values for stakeholders through an alignment of Internal Audit activities with business

objectives of First Media, with the main target to assure that :

Risks have been identified and managed appropriately.

Important information on financial, managerial and operational aspects have been presented accurately, reliably and timely.

All First Media activities are in line with articles of association, standard policies, procedures and applicable laws and regulations.

Programs, plans and objectives can be achieved effectively and efficiently.

Quality and continuous improvement are constantly maintained with due regard to internal control system.

Recommendations to maintain and protect the wealth and reputation of First Media have been implemented.

Duties and Responsibilities

First Media Internal Audit has the duties and are responsible for :

Assist the duties of President Director and Board of Commissioners, particularly Audit Committee, independently, in conducting supervision by

describing the operation in terms of planning, implementation or monitoring of audit result.


Monitor the adequacy and effectiveness of organizational management control system in finance, operation and informatics system.

Give objective evaluation and recommendation on operational activities in achieving the objectives and targets effectively, efficiently and economically

in the form of periodic submission of monthly and annual reports.

Direct the attention of management to the operational risks arised due to the change of operational / business environment and other matters that

affect the result and performance.

Authority

1. President Director gives the authority to Internal Audit in performing the following duties:

2. To review and examine all documents and records, ask information from every member of Board of Directors and Employees who are

obliged to assist in giving information needed by the Internal Audit within an appropriate time, thus allowing it to work in performing its function

efficiently and efficiently.

3. To allocate audit resources, determine focus, scope and audit schedule, as well as applying the technique deemed necessary to achieve

audit purpose. If deemed necessary, in performing its function, Internal Audit has the authority to obtain recommendations and advice from

professional people (experts) as necessary.

4. Submit audit result report and conduct direct consultation with the President Director.

5. Has full and free access to Audit Committee and Board of Commissioners if necessary.

Independence and Objectivity

1. Internal Audit Unit is responsible directly to the President Director and in related to the duties report to President Director and Board of

Commissioners (through Audit Committee). To maintain independence and objectivity, Internal Audit Unit is not involved directly and does not

have direct responsibility or authority on the daily transactional processes and other transactional activities in the working unit being examined.

2. In performing its duties, Internal Audit is guided by First Media Internal Code of Ethics and Internal Audit Code of Ethics laid down in the

appendices which are integral parts of this Internal Audit Charter.

Work Implementation Standard

In performing its function, Internal Audit refers to various regulations and internal provisions and guidelines available in various Audit Internal Audit

professional standards, namely :

1. Standar Operating Procedure of Internal Audit and its update.

2. All government regulations that have been put into effect by First Media management.

3. Standard Audit and Code of Ethics of The Institute of Internal Auditors Inc., as authorized by the President Director.

Reporting

1. Audit Follow Up Report, either internally or externally, is the responsibility of the respective work unit which is examined and improved in

accordance with the policies of First Media and at the same time becomes one of the factors for the company in assessing the performance

of the work units. In implementing supervision/control, the concerned Board of Directors ensures that each audit result will be followed up by

the examined units.

2. Internal Audit must monitor and report the development in implementing follow up for improvement conducted by Auditee. The follow up

includes :

a. Monitoring or implementation of follow up. Monitoring on the implementation of follow up, to find out about the development and to

remind Auditee if Auditee has not implemented the commitment to make an improvement towards or by the time it is due as promised.

b. Analysis on adequacy of follow up. From the result of follow up monitoring, adequacy analysis is made on the realization of the promise

for improvement that is conducted by the Auditee. Subsequently, follow up needs to be re-checked to find out if there are difficulties or

contraints that have caused follow up cannot be done as intended.

c. Follow up Reporting. In the event follow up implementation is not carried out by Auditee, Internal Audit provides a written report to the

President Director and Board of Commissioners (through Audit Committee), for further action.


ENGLISH VERSION

Internal Audit Charter of PT First Media Tbk

Enacted in : Jakarta

Date : 20 January 2011

Hengkie Liwanto Harianda Noerlan

President Director Director

Independent Auditor

In compliance with the provisions of Regulation of Minister of Finance of the Republic of Indonesian Number 17/PMK.01/2008 on Public

Accounting Service and regulation of Bapepam-LK No. VIII.A.2 on Independence of Accountant providing Audit Services in Capital Market,

consolidated financial report of the Company commencing financial year 2009 has been audited by Public Accountant Aryanto Amir Jusuf Mawar &

Saptoto, with the auditor Didik Wahyudiyanto.

Human ResourcesSee Page: 138

<SMU (50%)

Non Staff (1%)

Staff (77%)

Supervisor (10%)

Management (8%)

Senior Management (2%)

Direktur (2%)

USIA POSISI JABATANPENDIDIKAN

S1 (11%)

S2 (36%)

S3 (4%)

71% Pria Wanita 29%

49% Kontrak Tetap 51%

KOMPOSISI KARYAWAN PT FIRST MEDIA TBK.JUMLAH KARYAWAN = 1,565

1%2%

4%

11%

15%

29%

37%<25 th

26 - 30 th

36 - 40 th

40 - 45 th

46 - 50 th>51 th

31 - 35 th

HUMAN RESOURCES

Scientifically, human resource management strategy is a fundamental formulation concerning the utilization of human resources in an effort to maintain and improve the best ability of a company or industry to be competitors that are able to win and dominate the market, through their own labor. The Company gives priority on how to improve the quality of its employees in order to be able to contribute with high dedication and competencies in the field. The Company believes that organizing human resources properly will make the Company's performance in business operations will be increasingly enhanced and become a competitive advantage that the Company has over its competitors. This belief drives the Company to constantly develop its employees in order to be the differentiating factor in winning the competition. HR Division, with the Human Resource Information System (HRIS) for corporations, has improved its function to become the Company's strategic partner that can align corporate needs and business units so that it simplifies and accelerates access to information about HR services accurately and up to date.

HR Information System HR Information Systems (HRIS) has been developed with cooperation support from the Information Technology Division since 2011. The implementation of Overtime Online System, e-Recruitment System, and Exit Online Clearance System has been running and constantly refined. Such system contributes the biggest changes in the activities and work processes that occur in either the HR Division or the organizations. Its operation is easy, allowing users to easily get the latest information, and it is easy in terms of managing every stage of the recruitment process. The management can obtain real time and transparent information regarding HR related data. Time and costs can be reduced compared to if HR management is performed manually.


Performance Management System Performance management system (PMS) in the Company has already been applied electronically, therefore, it is called the Electronic Performance Management System or abbreviated as E-PMS. The performance management system is developed by the Company in the form of electronic system in order to connect the objectives as well as the vision and mission of the organization to the employees so that every employee not only knows the direction and objectives to be achieved by the organization, but also consciously participates in pursuing the achievement of the objectives through personal performance. In addition to encouraging the achievement of the organization's objectives, E-PMS also aims to measure, evaluate, improve, and give reward on employees' performance as a result of their performance achievement, in a fairer and more objective way that is related to compensation as the reward. E-PMS has made scoring system to be fairer, more objective, and more thorough if considered from the evaluation aspects, which are target and behavior. The concept of E-PMS is constructed by using the approach of Management by Objectives (MBO), which was popularized by Peter Drucker. There is a continuous cycle in this system that includes Performance Planning, Performance Coaching, and Performance Appraisal. Assessment in E-PMS is based on 2 things: the targets written in the form of Key Business Objective (KBO) and Key Performance Indicator (KPI), as well as employee behavior as outlined in Behavior Competencies (BC). Assessment in KBO weighs for 70 percent, while BC assessment is 30 percent with maximum assessment value of 130 percent from the achievement. The value resulted from total KBO and B is connected to a certain range of numbers and made into a form of rating. In order to make the assessment be fairer and more objective, the value obtained is compared with other employee's value in one division. This process is called normalization. The normalization process is done in 3 levels ranging from sectional, departmental, and divisional level. In the normalization process, it is possible that there are changes in the value obtained, whether up or down, although there might not be changes. One of the assessment elements included in KBO is Coaching. Any employee who has a team member will automatically have the KBO coaching. The objective is to develop coaching culture within the company. By coaching, it is expected to assist employees in achieving their target, and solving problems in difficulties. The coaching process is done through one-by-one process. An employee who has a team member will coach the team member. Further, from the coaching results, the employees will enter their data into PMS. Every year, E-PMS system is continuously developed for better performance. In 2014, E-PMS made changes to the dimensions of the Behavior Competencies by using a different approach. These changes are intended to further minimize the degree of subjectivity. Every dimension, respectively consists of 5 points of statement, thus, the overall total is 30 points. These dimensions include: Discipline and Control, Leadership and Support, Communication, Achievement, Self- Development, Challenge and Problem Solving.

Total

Gender

Male 1,108

Female 457

Age

25 years and below 581

26-30 years 453

31-35 years 238

36-40 years 179

41-45 years 67

46-50 years 30

51 years and above 17

Education

High School and lower 558

Diploma 3 172

Bachelor 779

Masters 55

PhD 1

Position Title

Director 33

Senior Management (13-14) 25

Management (11-12) 125

Supervisor (9-10) 155

Staff (5-8) 1,207

Non-Staff (1-4) 20

Employment Status

Permanent 794

Contract 771


ENGLISH VERSION

Corporate Social Responsibility (CSR)

First Media Commitment of Corporate Social Responsibility

Social responsibility activities are practically mandatory activities that must be carried out by every company in the world. The freedom to do business and gain profit becomes the initial foundation of every company in general. Over time, the world is moving toward instability, uneven prosperity, and many aspects that are ultimately harmed or victimized, one of which is the environment. This imbalance prompted several meetings of world leaders in the Earth Summit in Rio in 1992 and 2002 that took place in Johannesburg.

The meeting in Johannesburg in 2002 that was attended by the world leaders has produced the social responsibility concept that accompanies the previous two concepts, namely economic and environment sustainability. These three concepts become the basis for the company to conduct its social responsibility (Corporate Social Responsibility).

Social Responsibility is the theoretical basis of the need for a company to build a harmonious relationship with the local community. Theoretically, Social Responsibility can be defined as the moral responsibility of a company towards the strategic stakeholders, particularly the community or people around the work area and operation. Social Responsibility regards the company as a moral agent.

With or without the rule of law, a company must uphold morality. The parameter of success of a company from social responsibility point of view is to put forward moral and ethical principles, which is to achieve the best results, without harming the other community groups. Therefore, a company that works by putting forward moral and ethical principles will give the greatest benefit to the community.

Activities and CSR Program of First Media

The Company conducts social responsibility activities based on the CSR principles of Carrol Pyramid that consists of several layers. The most basic layer or the foundation is definitely the company's responsibility in the beginning to maintain its business stability through the increase of cash inflows. The second layer, the company must run the business by abiding the applicable laws and regulations. The third layer, the company is responsible for maintaining ethics while running the business, ethics in this study refers to values of moral, justice, and human rights. The top layer is the company's responsibility to participate in improving people's welfare, such as donations, cultural, educational, and health supports, and so on.

The implementation of CSR activities that are conducted by the Company is part of the business practice that is done voluntarily based on the Company's own initiative. In every implementation of CSR activities, the Company prioritizes in giving the best contribution to the employees, communities, and the environment where the Company operates.

CSR activities that have been done by the Company and its subsidiaries include:In regard of health, in 2015 the main focus of the Company's CSR activities was blood donation program. In cooperation with the Indonesian Red Cross, the Company held blood donation program at the Company's office for 6 (six) times, on these dates: January 14, 2015, March 17, 2015, May 7, 2015, June 10, 2015, September 3, 2015, and September 30, 2015.In the field of education, in 2015, the Company, through its subsidiary, DNN, provided Internet services through VSAT to 4 Lentera Harapan Schools (SLH), 3 schools in Jayapura: Sentani, Doyo, Kampung Harapan, and 1 school in Mamit.

In addition to the above mentioned, in order to improve the education of the Company's employees, the Company in cooperation with Pelita Harapan University gives Dean's Grant Program to the Company's employees where employees are given some exemption that reduces the burden of the cost of the employees when continuing their education to S1 degree majoring in Management/Accounting (Business School).

CSR activities that are conducted by the Company include a variety of things, but not limited to the things mentioned above, where the implementation of CSR activities keeps referring to the company regulations and the applicable laws and regulations.

First Media's Responsibility on Manpower, Occupational Safety and Health at Work

Manpower

The Company realizes that the capabilities and quality of human resources (HR) are keys to the Company's success, in which all of the Company's employees work hand in hand to bring the Company to reach its business achievement in 2015.

The Company's HR Management refers to Law No. 13 of 2003 concerning Manpower, to ensure compliance to the applicable laws and regulations, and to minimize violations against human rights in employment.

The Company's ability to recruit, develop, and retain its employees with relevant competence is crucial to the Company's success in achieving its objectives.

CORPORATE SOCIAL RESPONSIBILITY

See Page: 142


Tanggung Jawab Sosial adalah basis teori tentang perlunya sebuah perusahaan membangun hubungan harmonis dengan masyarakat tempatan. Secara teoritis, Tanggung Jawab Sosial dapat didefinisikan sebagai tanggung jawab moral suatu perusahaan terhadap para strategic stakeholders-nya, terutama komunitas atau masyarakat disekitar wilayah kerja dan operasinya. Tanggung Jawab Sosial memandang perusahaan sebagai agen moral.

Dengan atau tanpa aturan hukum, sebuah perusa-haan harus menjunjung tinggi moralitas. Parameter keberhasilan suatu perusahaan dalam sudut pan-dang tanggung jawab sosial adalah pengedepankan prinsip moral dan etis, yakni menggapai suatu hasil terbaik, tanpa merugikan kelompok masyarakat lainnya. Dengan begitu, perusahaan yang bekerja dengan mengedepankan prinsip moral dan etis akan memberikan manfaat terbesar bagi masyarakat.

KOMITMEN TANGGUNG JAWAB SOSIAL FIRST MEDIA

Kegiatan tanggung jawab sosial boleh dibilang merupakan aktivitas wajib yang harus dilaksanakan setiap perusahaan di dunia. Kebebasan berbisnis dan mendapat keuntungan menjadi landasan awal setiap perusahaan pada umumnya. Seiring ber-jalannya waktu, dunia bergerak ke arah yang tidak stabil, kemakmuran menjadi tidak merata, banyak aspek yang akhirnya dirugikan atau menjadi korban, salah satunya adalah lingkungan (environment). Ketidakseimbangan ini mengundang beberapa kali pertemuan para pemimpin dunia dalam KTT Bumi di Rio pada 1992 dan tahun 2002 bertempat di Johannesburg.

Sejak pertemuan di Johannesburg tahun 2002 yang dihadiri para pemimpin dunia memunculkan konsep social responsibility, yang mengiringi dua konsep sebelumnya yaitu economic dan environment sustainability. Ketiga konsep ini menjadi dasar bagi perusahaan dalam melaksanakan tanggung jawab sosialnya (Corporate Social Responsibility).

TANGGUNG JAWAB SOSIAL


Employee Selection and Recruitment Activities

In the employee selection and recruitment activities, the Company adjust with the competency of each employee. The company is always committed to provide ongoing career opportunities as long as the employees show optimal work performance and in accordance with the Company's expectations.

The career opportunities provided by the Company are applied on an ongoing basis and are equal to every employee, regardless of gender. The qualifications required in each position is related to the education and competencies of each employee.

HR Training and Development

During 2015, the Company opened a wide opportunity for its employees to develop themselves, improve the competence, expertise, and skills of each employee by providing opportunities for employees to participate in seminars and/or trainings conducted by either public or private training institutions.

Occupational Safety and Health (OSH)

In terms of controlling risks related to work activities in order to create work locations that are safe, efficient, and productive based on Law No. 13 of 2003 concerning Manpower and Government Regulation No. 50 of 2012 concerning the Implementation of Occupational Safety and Health (OSH) Management System, the Company introduced an occupational safety and health management system in the Company's work environment.

OSH is an effort made by the Company to secure and protect the employees, which is realized through prevention efforts of occupational accidents and occupational diseases.

During 2015, activities done by the Company that are related to the implementation of OSH include:Occupational safety and health trainingTraining and simulation of emergency response of fireDissemination of safety and health management system (OSH)

THE LAST PAGESee Page: 155


THE LAST PAGE

Satu hal yang pada akhirnya dicari orang adalah kenyamanan.

Kenyamanan dihadirkan dari berbagai kemudahan, seperti

kemudahan berkomunikasi, kemudahan mengakses informasi,

atau kemudahan menikmati hiburan. Teknologi menghasilkan

penemuan-penemuan untuk memberi kenyamanan bagi

masyarakat dan di sana ada mutu. Teknologi pula yang

menghasilkan media dimana komunikasi dapat berlangsung

dengan jernih. Pada saat naluri ingin tahu yang ada di setiap

manusia dijawab dengan teknologi dan media yang membuat

setiap individu dapat memperoleh dari manapun data tersebut

disimpan. Lalu lintas pertukaran data dapat dengan mulus

dilakukan sehingga tidak ada jeda menunggu yang kadang

membuat kreativitas dan pekerjaan terhambat. Semua tersaji

dalam pinggan layanan telekomunikasi.

Pada saat seseorang perlu rehat dan menikmati hiburan, beragam

media dan konten dapat diakses dan dinikmati dengan tingkat

mutu yang terbaik. Sehingga ada ruang bagi rasa syukur karena

kenyamanan yang disajikan.

TMT bukanlah sekedar kecanggihan dari sebuah kehidupan

moderen, tapi sudah menjadi kebutuhan yang memberikan

alternatif bagi penggunanya. Menjadi bagian ekosistem dari

kehidupan masyarakat yang hidup di jalur pacu yang lebih cepat.

Seperti halnya asupan makanan yang menyehatkan, jasa layanan

dari bisnis TMT berkontribusi menyehatkan pertumbuhan

ekonomi masyarakat dan menjadi penghantar menu ilmu

pengetahuan bagi pendidikan.

Sebagai bagian dari ekosistem kehidupan masyarakat kini dan

di masa depan, TMT akan terus hadir dan meluaskan layanan

untuk menyajikan kenyamanan yang penting bagi pembangunan

kehidupan yang lebih kreatif dan produktif. Karena masyarakat

tak akan berhenti berkembang menuju kehidupan yang lebih baik.

First Media adalah rekanan terbaik di kehidupan masyarakat kini

dan di tahun-tahun yang akan datang.

THE LAST PAGE

One thing that people eventually look for is comfort.Comfort is presented from many easiness, such as easiness to communicate, easiness to access information, or easiness to enjoy entertainment. Technology produces inventions to provide comfort for the community and there is quality. Technology also produces medium where communications can be done with clarity. When human instinct of curiosity is answered with technology and media that make it possible for any individual to obtain data wherever it is stored. Data exchange traffic can be smoothly done so that there is no time lag that sometimes makes creativity and work are delayed. All is presented in the telecommunication service dish.

When someone needs a break and enjoy the entertainment, various media and contents can be accessed and enjoyed with the best level of quality. So there is room to feel gratitude due to the comfort presented.

TMT is not just a sophistication of a modern life, but it has become a necessity that provides alternatives for the users. Being part of the ecosystem of the life of society that lives in the fast lane. Just like healthy food intake, services of TMT businesses contribute to a healthy economic growth for the society and deliver the menu of science for education.

As part of the ecosystem of the life of society now and in the future, TMT will continue to be present and expand the service to provide the comfort that is essential for the development of a more creative and productive life. Because people will not stop evolving towards a better life.

First Media is the best partner in people's lives now and in the years to come.

Cross Reference Regulation of BAPPEPAM

– LK X.K.6See Page: 231


ENGLISH VERSION - First Media · 2018. 4. 3. · ENGLISH VERSION Further information on the First Media Annual Report can be obtained by contacting the Corporate Secretary of PT First

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