Arpeni Pratama Ocean Line Tbk PT : THE SUMMARY OF MINUTES OF MEETING OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT ARPENI PRATAMA OCEAN LINE Tbk.

THE SUMMARY OF MINUTES OF MEETING OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT ARPENI PRATAMA OCEAN LINE Tbk.

Board of Directors of PT Arpeni Pratama Ocean Line Tbk. (the 'Company'), hereby announce to all shareholders, that the Company has convened Annual General Meeting of Shareholders (the 'Meeting') on:

Day/Date : Tuesday / 28 June 2016

Time : 09.39 - 10.22 Western Indonesian Time

Tempat : Oria Ballroom - Second Floor Oria Hotel

Jl. KH. Wahid Hasyim No. 85 Central Jakarta 10350

1. Meeting Agenda

1. Approval of the Company's Annual Report for 2015 Financial Year, including Business Activities Report, Supervisory Report from the Board of Commissioners and Ratification of the Company's Financial Statement for the year ended 31 December 2015.

2. Appointment of Public Accountant to audit the Company's Financial Statement for the financial year 2016.

3. Determination of remuneration package for the members of the Board of Commissioners and the Board of Directors for financial year 2016.

4. Amendment of Article 3 of the Company's Articles of Association.

1. The Presence of Board of Directors and Board of Commissioners of the Company

   The Board of Commissioners

   President Commissioner : Mr. Oentoro Surya

   The Board of Directors

   President Director : Mr. Surjono Abdullah Suharsono

   Independent Director : Mr. Suharyo Irianto

2. Quorum of Shareholders

   The Meeting was attended by Shareholders or their proxy representing 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or constituting 86.4009451% (eighty six point four zero zero nine four five one percent) from 2,998,604,000 (two billion, nine hundred and ninety eight million, six hundred and four thousand) shares series A and 5,671,875,000 (five billion, six hundred and seventy one million, eight hundred and seventy five thousand) shares series B, totalling 8,670,479,000 (eight billion, six hundred and seventy million, four hundred and seventy nine thousand) shares of the total shares with valid voting rights that have been issued by the Company, according to the Company's Shareholders Register which was closed on 2 June 2016 at 16.00 pm Western Indonesian Time.

3. Question and Answer

   In the meeting, the Shareholders/their respective proxies were given the opportunity to ask questions and/or give their opinions regarding the First to the Fourth Agenda of the Meeting. There was no shareholder who asked questions and/or gave opinions for each agenda of the Meeting.

4. Mechanism of Passing Resolution

In the Meeting, resolutions were resolved based on amicable deliberation to reach mutual consensus. In the event mutual consensus could not be reached, then:

1. For First, Second and Third Agenda, the resolution will be made by voting based on affirmative vote more than 1/2 (one half) of the total votes validly cast at the Meeting;

2. For Fourth Agenda, the resolution will be made by voting based on affirmative vote more than 2/3 (two thirds) of the total votes validly cast at the Meeting;

Abstentions are counted with the majority vote that has been validly cast.

1. Meeting Decisions

1. In the First agenda of AGMS:

   From the shares with voting rights present at the meeting, as many as 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent),

1. A total of 260,870,000 (two hundred and sixty million, eight hundred and seventy thousand) shares or 3.4822709% (three point four eight two two seven zero nine percent) abstained;

2. No votes were cast against the first agenda;

3. A total of 7,230,505,800 (seven billion, two hundred and thirty million, five hundred and five thousand, eight hundred) shares or 96.5177291% (ninety six point five one seven seven two nine one percent) agreed;

Because abstention is considered to follow the majority vote, affirmative votes totaled 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent) of the votes cast in the meeting decided:

1. Approval of the Company's Annual Report for 2015 Financial Year, including Business Activities Report, Supervisory Report from the Board of Commissioners and Ratification of the Company's Financial Statement ended on 31 December 2015.

2. Approving the Company's Financial Statements for year ending 31 December 2015, audited by public accounting firm KOSASIH, NURDIYAMAN, TJAHJO & REKAN (CROWE HORWATH) with 'Disclaimer' Opinion as stated on Report Number KNMT&R-C2-29.03.2016/01 on 29 March 2016.

3. Granting full acquittal and dismissal (acquit et de charge) to the Board of Directors and Board of Commissioners for their managerial and monitoring activities for year ending 31 December 2015, providing that they have been reflected in the Company's Financial Statements.

1. In the Second agenda of AGMS:

   From the shares with voting rights present at the meeting, as many as 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent),

1. A total of 260,000,000 (two hundred and sixty million) shares or 3.4706576% (three point four seven zero six five seven six percent) abstained;

2. No votes were cast against the first agenda;

3. A total of 7,231,375,800 (seven billion, two hundred and thirty one million, three hundred and seventy five thousand, eight hundred) shares or 96.5293424% (ninety six point five two nine three four two four percent) agreed;

Because abstention is considered to follow the majority vote, affirmative votes totaled 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent) of the votes cast in the meeting decided:

• Give authorization to the Board of Directors to

1. Assign a listed public accounting firm to audit the Company's Financial Statements for the fiscal year ending December 31, 2016 and determining the amount for audit services for appointed Public Accountant.

2. Appoint a replacement for any reason based on regulations the Capital Market if the appointed public accounting firm cannot carry out their duties.

1. In the Third agenda of AGMS:

   From the shares with voting rights present at the meeting, as many as 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent),

1. A total of 260,870,000 (two hundred and sixty million, eight hundred and seventy thousand) shares or 3.4822709% (three point four eight two two seven zero nine percent) abstained;

2. No votes were cast against the first agenda;

3. A total of 7,230,505,800 (seven billion, two hundred and thirty million, five hundred and five thousand, eight hundred) shares or 96.5177291% (ninety six point five one seven seven two nine one percent) agreed;

   Because abstention is considered to follow the majority vote, affirmative votes totaled 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent) of the votes cast in the meeting decided:

• Give authority to the Board of Commissioners to determine the remuneration packages in the form of salary and/or allowances for members of the Board of Directors for the year 2016, while the remuneration package in the form of salary and/or allowances for members of the Board of Commissioners for Fiscal Year 2016 is equal to the remuneration figures in 2015.

1. In the Fourth agenda of AGMS:

   From the shares with voting rights present at the meeting, as many as 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent),

1. A total of 260,000,000 (two hundred and sixty million) shares or 3.4706576% (three point four seven zero six five seven six percent) abstained;

2. No votes were cast against the first agenda;

3. A total of 7,231,375,800 (seven billion, two hundred and thirty one million, three hundred and seventy five thousand, eight hundred) shares or 96.5293424% (ninety six point five two nine three four two four percent) agreed;

   Because abstention is considered to follow the majority vote, affirmative votes totaled 7,491,375,800 (seven billion, four hundred and ninety one million, three hundred and seventy five thousand, eight hundred) shares or 100% (one hundred percent) of the votes cast in the meeting decided:

1. Approved the Amendment of Article 3 of the Company's Articles of Association;

2. Give authority to the Board of Directors with substitution rights make changes and/or additions regarding the amendment of the Company's Articles of Association, submit application for approval and notification to authorized institution, and therefore be entitled to sign letters and documents, as well as perform all necessary actions in accordance to the provisions of the Company's Articles of Association and prevailing regulations.

   Jakarta, 30 June 2016

PT Arpeni Pratama Ocean Line Tbk.

Board of Directors