The management of Summarecon is committed towards the adoption of good corporate governance principles and best practices throughout the Company. It is recognized that the adoption of the highest standards of governance is imperative for the protection and enhancement of stakeholders' value and the performance of Summarecon.

The Boards of Summarecon are pleased to disclose to shareholders the manner in which the Company has applied the principles of good corporate governance and the extent to which it has complied with the best practices. These principles and best practices have been applied in day to day operations, and are regularly audited and reviewed to ensure transparency and accountability. The Boards have also ensured that the guidelines and regulations of the Indonesian Company Law No. 40 Year 2007, Capital Market Law No.8 Year 1995, Rule of Financial Services Authority ("OJK"), and Indonesia Stock Exchange have been complied with at all times.

Corporate governance principles practiced by Summarecon include:

1. Transparency

All relevant and material information including corporate action is reported to the public through the stock exchange and/or published media whenever applicable.

Unaudited financial statements which comply with prevailing accounting standards are published through the stock exchange and published media atter the end of each quarter. Audited financial statements together with the annual report are published after each financial year end in a timely manner.

The Company also provides investor information through various other channels including public expose, investors/ analyst meetings and through the Company's website.

2. Accountability

Company's accountability roles are clearly set out by the regulatory authorities and are practiced to ensure that there are no conflicts of interest. Conflict of interest transactions, it any, are reported and shareholders' approval in general meeting is required for the transactions to proceed.

3. Responsibility

Principles of financial, environmental and social responsibilities are practiced in accordance with regulatory guidelines. For financial responsibility, Company always ensures that all reporting requirements to Bapepam and other regulatory authorities are timely and accurately reported. Environmental considerations are always incorporated into our masterplans when developing the properties. Social considerations are always embedded in Company's operations wherein the local community is considered a stakeholder.

4. Independence

Company management always upholds the principle of independence wherein care is exercised within the ambit of regulatory guidelines.

5. Fairness

The principle of fairness is applied throughout our operations wherein employees are given equal opportunities in both their careers and remuneration; our supply chain is based on merits and compensated accordingly; our customers treated with equal respect and fair pricing; and shareholders and all other stakeholders are regarded with high esteem and rewarded fairly.