BRIEF HISTORY

5 NOVEMBER 1983
The Company was established under the name “PT Bimantara Eka Santosa” by PT Bimantara Siti Wisesa, Eka Tjipta Widjaja and Ferry Teguh Santosa, based on Deed of Establishment of Limited Liability Company No. 40 made in front of Notary Winanto Wiryomartani, S.H. This deed was approved by the Minister of Justice of the Republic of Indonesia under decision letter No. C2.6944-HT.01.01 th.84, dated December 8, 1984, and announced in the State Gazette of the Republic of Indonesia No. 95 dated November 28, 1986, Supplement No. 1466.

21 JUNE 1984
The Company changed its status into a Domestic Investment Company based on Domestic Investment Company Approval Letter No. 46/I/PMDN/1984, which was issued by the Indonesia Investment Coordinating Agency.

20 DECEMBER 1990
The Company changed its name into “PT Plaza Indonesia Realty,” based on Deed No. 129 made before Notary Winanto Wiryomartani, S.H. This Deed was approved by the Minister of Justice of the Republic of Indonesia under decision letter No. C2.1852.HT.01.04-Th’91, dated May 31, 1991, and announced in the State Gazette of the Republic of Indonesia No. 65 dated August 13, 1991, Supplement No. 2505.

11 FEBRUARY 1992
The Company obtained an approval of the General Meeting of Shareholders (“GMS”) to hold a public offering of 35,000,000 ordinary shares with a nominal value of Rp 1,000 per share to be issued in Indonesia stock exchange, based on Deed of Minutes of the Extraordinary General Meeting of Shareholders No. 62, made before Notary Siti Pertiwi Henny Shidki, S.H. This Deed was approved by the Minister of Justice of the Republic of Indonesia under decision letter No. C2-3301. HT.01.04.Th.92, dated April 27, 1992, and announced in the State Gazette of the Republic of Indonesia No. 1 dated January
2, 1993, Supplement No. 30.

15 NOVEMBER 1993
The Company issued bonus shares to shareholders based on Deed No. 61 made before Notary Mudofir Hadi, S.H.

9 DECEMBER 1993
The Company obtained an approval of GMS to increase the authorized capital of the Company to Rp 500,000,000,000 based on Deed of the Minutes of Meeting No. 35, made before Notary Mudofir Hadi, S.H. This deed was approved by the Minister of Justice of the Republic of Indonesia under decision letter No. C2-14433.HT.01.04.Th.93, dated December 28, 1993, and recorded under No. 11/1994 in the register of the Central Jakarta District Court on January 8, 1994.

5 MAY 1994
The Company obtained an approval of GMS to carry out Limited Public Offering to shareholders in regard with Rights Issue amounting to 115,000,000 ordinary shares with a nominal value of Rp 1,000 per share and issued in Jakarta Stock Exchange and Surabaya Stock Exchange, based on Deed No. 16 made
before Notary Imas Fatimah, S.H.

12 AUGUST 1997
The Company obtained an approval of the GMS to change the Articles of Association of the Company in order to conform with Law No. 1/1995 regarding Limited Liability Company, based on Deed of Change No. 39 made before Notary Ida Fidiyantri, S.H., substitude of Notary Imas Fatimah, S.H. This deed was approved by the Minister of Justice of the Republic of Indonesia in decision letter No. C2-10.713 HT.01.04. Th.97 dated October 14, 1997, and announced in the State Gazette of the Republic of Indonesia No. 45 dated June 5, 1998, Supplement No. 2977.

14 NOVEMBER 2006
The Company obtained an approval of GMS to carry out three corporate actions based on Deed of Resolution of Meeting No. 26, made before Notary Poerbaningsih Adi Warsito, S.H.. First action is to issue bonus shares to shareholders at ratio of 1:1 in the amount of 355,000,000 shares with a nominal value of Rp 1,000 per share. Second action is to increase the authorized capital of the Company to Rp 1,000,000,000,000.
And third action is to change the nominal value of shares at ratio of 1:5 from Rp 1,000 to Rp 200 per share.

17 NOVEMBER 2006
The Company increased the authorized capital of the Company to Rp 1,000,000,000,000 divided in to 1,000,000,000 shares with a nominal value of Rp 1,000 per share, which an amount of Rp 710,000,000,000 there of has already been paid-up by shareholders, based on Deed of Resolution of Meeting No. 43 made before Notary Poerbaningsih Adi Warsito, S.H. This deed was approved by the Minister of Justice and Human Rights of the Republic of Indonesia under decision letter No. W7-02739 HT.01.04-TH.2006 dated November 20, 2006.

28 NOVEMBER 2006
The Company changed the nominal value of to Rp 200 per share based on Deed of Resolution of Meeting No. 62 made before Notary Poerbaningsih Adi Warsito, S.H. This deed was reported to the Minister of Justice and Human Rights of the Republic of Indonesia with Receipt of the Report on the Deed of Change to Articles of Association No. W7-HT.01.04-4247, dated November 30, 2006.