Danamon’s Annual General Meeting of Shareholders 2016

28 April 2016

Dividend Payout Ratio 30% of Net Profit for 2015 or IDR 74.90 per Share; AGMS approved the change in the board of director composition.

Jakarta, 28 April 2016. PT Bank Danamon Indonesia, Tbk. (“Company”) held its Annual General Meeting of Shareholders (AGMS) today, which, among others, approved the Company’s Annual Report for financial year ended at December 31, 2015 and receipt of notification of the use of Company’s Additional Paid Up Capital in the financial year 2015, ratification of the Annual Supervisory Report of the Company’s Board of Commissioners for 2015, determination for the appropriation of the company’s profit for the 2015 financial year, implementation of new accounting standard (SFAS No. 24), and change in the board of director composition.

The AGMS approved dividend payment for the 2015 financial year of 30% of the Company’s consolidated net profit after tax (NPAT) for 2015 or IDR 717,991,500,000, which is approximately IDR 74.90 per share. Meanwhile, 1% of the profit will be set aside as a general reserve in accordance to Article 70 of the Indonesian Limited Company Law. The remaining profit will be recorded as retained earnings adding to the Company’s capital.

Sng Seow Wah, President Director of Danamon said, “Danamon continues to strengthen its franchise, services and human capital in order to remain one of the key players in SME, commercial, consumer and mass market banking customer segments. We have also expanded and enhanced our Transaction Banking, and established a new Sales and Distribution (S&D) organization to empower and enable our branches to serve customers better and improve the productivity of our entire branch network.”

The AGMS has also appointed Purwantono, Sungkoro, dan Surja, a Public Accountant that is registered in the Financial Services Authority (OJK), to audit the Company’s financial report for the 2016 financial year, taking into account the recommendation from the Audit Committee. Purwantoro, Sungkoro and Surja is a member firm of Ernst & Young Global Limited.

In order to improve the quality of the company’s financial reporting transparency and encourage Good Corporate Governance, the AGMS presented the implementation of a new accounting standard which is Statement of Financial Accounting Standard (SFAS) No. 24 (2013 revision), replacing SFAS No. 24 (2010 revision) and its implications.

The AGMS approved the appointment of Adnan Qayum Khan and Heriyanto Agung Putra as Directors, subject to fit and proper test from the Financial Services Authority (OJK). Additionally, the AGMS also approved the resignation of Fransiska Oei from her position as Director (Independent). As such, the Board of Directors composition effective until the 2017 AGMS is as follows:

Board of Directors
1. Sng Seow Wah as President Director
2. Muliadi Rahardja as Vice President Director
3. Vera Eve Lim as Director
4. Herry Hykmanto as Director
5. Fransiska Oei as Director (Independent)*
6. Michellina Laksmi Triwardhany as Director
7. Satinder Pal Singh Ahluwalia as Director
8. Adnan Qayum Khan as Director**
9. Heriyanto Agung Putra as Director**

*The resignation of Fransiska Oei will be effective on 17 May 2016. **Subject to fit and proper test from the Financial Services Authority (OJK)


Adnan Qayum Khan Profile

Pakistani citizen. Age 47. Adnan received his Master degree in Business Administration from the Lahore University of Management Sciences in 1990. He has over 25 years of Corporate, Commercial, SME, Retail and Investment Banking experience across a variety of roles based in Pakistan, Dubai and Singapore.

Adnan began his career with Bank of America NT&SA, Pakistan as a Management Trainee. During his 10 years with the firm he quickly assumed several key positions, including Vice President and Corporate Banking Head for Lahore, leading a team of professionals managing a diversified portfolio of corporate clients. His initial training was all conducted at the Bank of America NT&SA training academy located in San Francisco, USA.

In 2000, Adnan joined ABN AMRO Bank NV, Pakistan as Corporate Banking Head for Islamabad. Later on, he held several key positions, including Senior Sector Banker for Chemicals and Telecoms, as well as Branch Manager Islamabad and Lahore, both Representational positions with key focus on managing the Client franchise, Govt of Pakistan relations and Regulatory conduct matters. In his role as a business head, Adnan played a key function in securing some of the largest and most profitable transactions for ABN AMRO in Pakistan.

As a result of Adnan’s considerable Credit Risk expertise, he was elevated to the position of Chief Risk Officer for ABN AMRO Pakistan (2007 – 2010). Later on he served as the Chief Risk Officer for The Royal Bank of Scotland Plc (RBS) Middle East & Africa Hub, based in Dubai (2012 - 2013) as well as Senior Credit Underwriter for Emerging Markets and Asia Pacific based in Singapore (2010 - 2016). In these roles, he was responsible for credit approval of all Large Corporate Banking transactions across The Middle East, Central & Eastern Europe, India, SE Asia, Greater China, Korea, Japan and Australia. He was also Chairman of the APAC Watch List Committee, Credit Representative on the APAC Capital Allocation Committee and a member of the Global Top 100 Senior Risk Leaders at RBS.

Adnan recently completed his 15.5 years service with ABN AMRO / RBS.


Heriyanto Agung Putra Profile

Heriyanto, aged 50 years and is an Indonesian citizen, completed his Master’s program at the University of Indonesia in 2002.

Heriyanto started his career at PT Garuda Indonesia (Persero) Tbk as Vice President of Business Support in 2005 until 2009. Later in 2009 to 2011, he moved to another division of the company and served as Vice President of Human Capital. Along with the development of skills and experiences that he gained, in 2011 until 2012, he was appointed as the Secretary to the Board of Commissioners.

Starting from 2011 until presently, Heriyanto has been serving as the Commissioner of PT Garuda Maintenance Facility (GMFAA) and as the Director of Human Capital and Corporate Affairs of PT Garuda Indonesia (Persero) Tbk. As the Executive Vice President of Human Capital and Corporate Affairs, he was given important assignments and responsibilities to ensure that the management of human resources was effective and efficient, and in line with Good Corporate Governance practices.

Heriyanto was frequently invited as a Speaker in several events such as: "3rd ISCLO 2015 - Enchancing Organizational Survivability Through Learning Organization (Yogyakarta - November 2015), 2015 Human Capital National Conference (Solo - November 2015), 2015 HR Expo 2015 (Jakarta - December 2015), and many others.

Heriyanto is actively involved and contributes to several professional institutions. These included being Secretary General of the Indonesia Human Capital Forum, Chief of Supervisor of the Garuda Indonesia Health Foundation, Executive Committee member of the Indonesia Business Council for Sustainable Development (IBSCD), and Secretary to Garuda Indonesia Pension Fund Board of Trustee.


About Danamon

PT Bank Danamon Indonesia, Tbk. (‘Danamon’) was established in 1956 and as of March 31, 2016 operates a network of 1.929 including among others conventional branches, Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 2016, Danamon provides its customers with more than 60,000 ATMs, including through its association with ATM Bersama and ALTO, in all 34 provinces in Indonesia. Danamon manages around IDR 179 trillion in assets as of 31 March 2016.

Danamon is also the sole license holder of Manchester United cards in Indonesia, and the issuer of Manchester United ATM/Debit cards and credit cards.

PT Adira Dinamika Multi Finance, Tbk. (Adira Finance), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia. Danamon is also the majority owner of PT Asuransi Adira Dinamika (Adira Insurance), a general insurance company and PT Adira Quantum Multifinance (Adira Kredit), a durable goods financing company.

As of March 31, 2016, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd., 6.72% by JPMCB-Franklin Templeton Investment Funds and 25.91% by the Public.

For further information, please visit Danamon’s corporate website at: www.danamon.co.id .