REGULATION OF THE GOVERNMENT OF INDONESIA NUMBER 22 YEAR 1987

ABOUT

THE DISSOLUTION OF THE COMPANY OF THE COMPANY (PERSERO) The PT. DAYAZA AND THE ADDITION OF CAPITAL INCLUSION DERIVED

OF THE COUNTRY ' S WEALTH LIQUIDATION COMPANY PERSEROAN (PERSERO) The PT. DAYAZA TO BE IN THE COMPANY OF PERSEROAN (PERSERO)

PT. PETROKIMIA GRESIK

PRESIDENT OF THE REPUBLIC OF INDONESIA,

DRAWS: A. that in order to follow the results of the State-Owled Business Agency and to further improve the efficiency of the management and utilization of the wealth of the country embedded in the State-Owed Enterprises, then the Company Perseroan (SERBOING) The PT. Dayaza, established under Government Regulation No. 43 of 1971, needs to be determined on its status;

b. that for that purpose above, it is seen that it needs to establish the dissolution of the Perseroan Company (PERSERO) The PT. Dayaza and the addition of capital inclusion stemming from the wealth of the country ' s liquidation of the Perseroan Company (PERSERO) The PT. Dayaza to be in the Company of Perseroan (PERSERO) The PT. Petrokimia Gresik in a Government Regulation;

Given: 1. Article 5 of the paragraph (2) of the Basic Law of 1945; 2. The Code of Trade Law (Staatsblad of 1847

Number 23) as it has been several times amended, last with Law Number 4 of 1971 (State Sheet of 1971 Number 20, Additional State Sheet Number 2959);

3. Law Number 9 of the Year 1969 on the Decree of Government Act Substitute No. 1, 1969 (1969 State Gazette Number 16, Extra State Gazette number 2890) on the Forms of State Effort to Act (State Gazette 1969 Number 40, Additional Gazette Number 2904);

4. Government Regulation No. 12 of 1969 on the Company Perseroan (PERSERO); (1969 State Sheet Number 21,

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Additional State Sheet Number 2894); jo Regulation Government Number 24 of 1972 on Changes to the provisions of Article 7 of the Government Regulation No. 12 of 1969 (State Sheet 1969 Number 21, Additional Gazette number 2894) (State Sheet Of 1972 Number 32, Additional State Sheet Number 2897);

5. Government Regulation No. 3 of 1983 on the Coaching And Supervision Of The Corporation (PERJAN), Public Company (PERJAN), and Corporate Perseroan (PERSERO); (State Sheet 1983 Number 3, Extra State Sheet Number 3246); jo Government Regulation No. 28 Year 1983 on Changes to Government Regulation No. 3 Year 1983 on Coaching And Supervision Of The Company (PERJAN), Public Enterprise (PERJAN), and Perseroan Companies (PERSERO); (State Sheet) 1983 Number 37);

DECIDED:

Assign: GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA ON

DISSOLUTION OF THE COMPANY PERSEROAN (PERSERO) The PT. DAYAZA AND THE ADDITION OF CAPITAL INCLUSION STEMMING FROM THE COUNTRY ' S WEALTH OF LIQUIDATION RESULTS COMPANY PERSEROAN (PERSERO) The PT. DAYAZA TO BE IN THE COMPANY OF THE COMPANY (PERSERO) The PT. PETROCHEMICAL GRESIK.

Article 1

Counted since the effective date of this Government Regulation Company Perseroan (PERSERO) The PT. Dayaza established under Government Regulation No. 43 of 1971, dissolved.

Article 2

Implementation of liquidation in the framework of dissolution as referred to in Article 1 conducted by the Minister of Finance and Minister of Industry under applicable law provisions.

Article 3

(1) All the wealth of the Perseroan Company (PERSERO) The PT. Dayaza as referred to in Article 1 after the liquidation of the country's wealth.

(2) All the country's wealth of liquidation over the Company Perseroan (PERSERO) as referred to in Article 1, is made as an addition to the The inclusion of the State of the Republic of Indonesia into the Company's stock capital Perseroan

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(PVRSERO) The PT. Petrochemical Gresik. (3) The determination of the magnitude of the value of the country ' s wealth share shall be made

the addition of the inclusion of the State of the Republic of Indonesia into the stock capital of the Company Perseroan (PERSERO) The PT. Petrokimia Gresik as referred to in paragraph (2), set forth by the Minister of Finance.

Article 4

The implementation of the inclusion of the inclusion of the capital into Persero capital as referred to in Article 3 is done according to The provisions of the Code of Trade Law (Staatsblad Year 1847 Number 43) as have been several times amended, last with Law No. 4 of 1971 with regard to the provisions referred to in the Government Regulation. Number 24, 1972.

section 5

The implementation of the provisions as referred to in Article 3 are used with the right of substitution by the Minister of Finance to the Minister of Industry in accordance with the provisions as referred to in Article 3 of the Government Regulation Number 12 Years 1969.

Section 6

With the description of the Perseroan Company (PERSERO) The PT. Dayaza, Government Regulation No. 43 of 1971 was declared not to be valid.

Article 7

Terms of implementation of the Regulation of this Government are further regulated by the Minister of Industry and the Finance Minister, both together and Alone in accordance with the fields of their respective duties.

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Section 8

This Government Regulation shall begin in effect on the date of promulgations. In order for everyone to know, order the invitational of this Government Regulation with its placement in the State Sheet of the Republic of Indonesia.

Set in Jakarta on 22 October 1987 PRESIDENT OF THE REPUBLIC OF INDONESIA

ttd.

SUHARTO

promulded in Jakarta on 22 October 1987 MENTERI/SECRETARY OF STATE OF THE REPUBLIC OF INDONESIA ttd.

SUDHARMONO, S.H.

SHEET OF STATE OF THE REPUBLIC OF INDONESIA IN 1987 THE NUMBER 47

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