1) Appointment of Underwriter and Document Preparation

At the initial stage, the company needs to establish internal team, appoint underwriters and institutions
and supporting profession capital market will help companies preparing to go public , asking for approval
of the AGM and amend the Articles of Association, as well as preparing the documents required to be
submitted to the Indonesia Stock Exchange and FSA.

(2) Submission of Application Registration of Shares to the

Indonesia Stock Exchange

To become a public company whose shares are listed and traded on the Indonesia Stock Exchange,
companies need to apply for listed shares, is equipped with the required documents, including a company
profile, financial statements, legal opinions, financial projections, etc.

Companies also need to submit an application for registration for deposited shares collectively ( scripless )
in the Indonesian Central Securities Depository (KSEI).

Indonesia Stock Exchange will conduct a review of the petition filed by the company and will invite
companies and their underwriters and supporting professionals to present their company profiles, business
plans and plans public offering that will be done. To find out more about the company's business activities,
the Indonesia Stock Exchange will also make a visit to the company and
ask for another explanation relevant to the company's IPO plans. If the company has met the requirements
prescribed, within a maximum period of 10 Trading Days after the documents are complete, the Indonesia
Stock Exchange will be approved in principle in the form of Preliminary Registration of Shares Agreement
to the company.

(3) Submission of the Registration Statement to the FSA

After obtaining the Preliminary Agreement Registration of Shares from the Indonesia Stock Exchange, the
company delivered the Registration Statement and supporting documents to the FSA to conduct a public
offering of shares. Supporting documents required include the prospectus.

In conducting the review, the FSA may request changes or additional information to the company to ensure
that all material facts about the share offering, financial condition and business activities of the company
disclosed to the public through a prospectus.

Prior to publish the prospectus in the newspaper or do an initial offering ( bookbuilding ), the company
must wait for permission from the FSA. Companies can also conduct public expose if a permit has been
issued FSA publications. FSA will give effective notice after the company provided information public
offering price of shares and other information disclosure. If the statements
Registration of companies has been declared effective by the FSA, the company publishes repair /
prospectus additional information in the newspaper as well as providing the prospectus for the public or
prospective buyers of shares, as well as the public offering.

(4) Public Offer Shares to the Public

The period of public offering of shares to the public to do during 1-5 working days. In terms of investor
demand for shares exceeds the number of shares offered ( over-subscribe ), it is necessary to
rationing. Money orders investor shares are not fulfilled orders should be returned ( refund ) to investors
after allotment. The distribution of shares will be made to investors buyers of shares electronically through
KSEI (not in the form of a certificate).

(5) Recording and Trading Company in Indonesia Stock Exchange

Companies submit a listing application to the Exchange shares accompanied by documentary evidence
that the Registration Statement has been declared effective by the FSA, the prospectus document, and
report the composition of the company's shareholders.
Indonesia Stock Exchange will approve and announce the listing of shares of companies and the stock
code ( ticker code ) of the company for the purposes of trading on the Exchange. The stock code of
investors will be known widely in the company's stock transactions in Indonesia Stock Exchange.

Once the shares are listed on the Exchange, investors will be able to trade in the company's shares to
other investors through a broker or securities company which is a Member of the Exchange is listed in
Indonesia Stock Exchange.