Board of Director of the Company hereby announced that the Third Extraordinary Meeting of Shareholders has been conducted on Thursday, dated 4 October 2007, at the Ballroom, Grand Flora Hotel, Jl. Kemang Raya No. 7, Jakarta.
According to the provision of number 2 part a of the Letter of the Head of Capital Market Supervisory Agency and Financial Institution ("Bapepam-LK") No. S-4641/BL/2007 dated 14 September 2007 on the Request of Approval of the Third Extraordinary Meeting of Shareholders of PT Sierad Produce Tbk, it was approved that the quorum of attendance was at the minimum of 50% of the overall shareholders of the Company with the valid voting rights as issued by the Company. The meeting was attended by the shareholders or its proxy or represented 5,900,206,673 (five billion nine hundred million two hundred and six thousand six hundred and seventy three) shares or represented 62.83% (sixty two point eighty three percent). Therefore the meeting was continued with the discussion of the agenda and has the right to make legally binding decisions.
After certain necessary discussion, the shareholders and/or its proxies deliberately decided and approved the following:
| 1. |
Provide the approval on the amendment on some of the provisions of the Articles of Association of the Company, namely: |
o Article 1 paragraph 2 (Name and Place of Domicile)
o Article 12 paragraph 3 and 8 (Duty and Authority of the Board of Director)
o Article 13 paragraph 12 (Meeting of Board of Director)
o Article 14 paragraph 2 (Commissioner)
o Article 15 paragraph 2 (Duty and Authority of the Commissioner)
| 2. |
Provide the approval to provide consent to the Board of Director to file reports on the amendment of the provisions in the Articles of Association as stated above to the Department of Justice and Human Rights Republic of Indonesia, to make registration into the Company Registry and to embody these decisions into the Deed of Meeting Resolution, and to take actions deemed necessary and important by the Board of Director to obey the prevailing regulations. |