PT. Bumi Resources Tbk.

The Company went public through an Initial Public Offering in 1990, fully listing its shares on the Jakarta and Surabaya Stock Exchange.

In 1997, PT Bakrie Capital Indonesia acquired all of the Company’s shares held by Asuransi Jiwa Bersama Bumiputera 1912 (“AJB Bumiputera”) amounting to 26,328,600 shares, or equal to 58.51% of the total shares issued by the Company.

On August 13, 1998, the Extraordinary General Meeting of Shareholders reached a resolution to shift the Company’s core business from hotel and tourism into oil, natural gas and mining investments.

The Company acquired 97.5% shares of Gallo Oil (Jersey) Ltd. in 2000. Gallo Oil was established in Jersey, Chanel Island on 17 December 1997.

The Company’s name was changed by virtue of the Decree of the Minister of Justice and Legislation of the Republic of Indonesia No. C-21041 HT.01.04-TH.2000 dated September 20, 2000, whereby the name of PT Bumi Modern Tbk. became PT BUMI Resources Tbk.

In November 2001, the Company acquired 80% of PT Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc. At the time of acquisition, Arutmin was the fourth largest coal producer in Indonesia with four open-cut coal mines, Senakin, Satui, Asam-asam and Batulicin both located in South Kalimantan.

In October 2003, the Company acquired a 100% stake in PT Kaltim Prima Coal(“KPC”) through its holding companies Sangatta Holdings Limited and Kalimantan Coal Limited, in a bid to further its business expansion. The acquisition of KPC turned the Company into the country’s largest coal producer. Globally, the Company is one of the largest thermal coal exporters in the world, accounting for approximately 8% of internationally traded thermal coals in 2005.

In April 2004, the Company acquired 19.99% shares of Arutmin from PT Ekakarsa Yasakarya Indonesia. As a result, the Company’s ownership in Arutmin became 99.99%.

In December 2005, BUMI Resources fi nalised the divestment of the shares of PT Kaltim Prima Coal (KPC) pursuant to Article 26 of the Coal Contract of Work (CCOW). As a result the share ownership of the Company in KPC, directly and indirectly, amounted to 95%.

2005, The Company has also completed the divestment of the shares of PT Kaltim Prima Coal (KPC) pursuant to Article 26 of the Coal Contract of Work (CCOW). With the completion of the divestment process, shareholdings of KPC become as follow: SHL and KCL, business units of the Company, each with 24.5%, PT Kutai Timur Energi, a regional government company, with 5%, and PT Sitrade Coal, a business unit of the Company, with 32.4%.

2006, The Company proceeded with a Share Buy-Back of up to 10% of shares.

2007, A 30% interest in PT Arutmin and KPC were sold to Tata Power of India.

2007, In June and October, two convertible bonds were issued, totaling US$ 450 million, which were 3 to 4 times oversubscribed.

2008, After intense competitive bidding, BUMI acquired Herald Resources Ltd of Australia for XX$ Aus. This lead, zinc and gold operation is located in North Sumatera.