Pudjiadi & Sons Tbk.

Brief of Company Background

PT Pudjiadi And Sons Tbk (the “Company”) was established within the framework of the Law of Foreign Investment No. 6. In 1968, in conjunction with Law No. 12 1970 based on notarial deed Suselo Ridwan, SH, notary in Jakarta, No. 34 dated 17 December 1970. This deed was approved by the Minister of Justice of the Republic of Indonesia in its decision letter No. Y.A.5 / 278/16 dated August 2, 1973. The Articles of Association have been amended several times, most recently by notarial deed Fathiah Helmi, SH, No.88 dated
May 30, 2008 regarding the change of the Articles of Association to comply with Limited Liability Companies Act 40 of 2007 and to adjust the Company’s Articles to the regulations of the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) No.IX.JI on Fundamentals Articles of Association of the Company’s public offering of Equity and Public Companies. This amendment was approved by the Minister of Law and Human Rights Republic of Indonesia with Decree No. AHU-14373.AH.01.02.Tahun 2009 April 22, 2009.

In accordance with Article 3 of the Articles of Association, its scope of activities is in the field of hospitality with all the facilities and other supporting facilities, such as accommodation services, offices, shopping malls, apartments, recreational and entertainment facilities are located on-site. The Company is domiciled in Jakarta and his office is located in Jalan Hayam Wuruk No. 126, Jakarta. The Company started commercial operations in 1970 by the construction of hotels four floors totaling 52 rooms along with supporting facilities in Jl. Hayam Wuruk No. 126 were completed in 1973. The business is going well and the company to develop in the same location with the completed construction of a 21-story hotel is the tallest hotel at the time, so the total number of hotel rooms to 425 rooms. Currently available rooms to 343 rooms due to additional meeting rooms and space for rental, to improve service facilities.

To expand the marketing network of hospitality and the prospect of good tourism on the coast of Anyer, Banten and Cisarua, Puncak, the company in 1989 to take over Anyer Beach Hometel capacity of 35 units of villas with 106 rooms and Cisarua Mountain Hometel capacity of 13 units of villas with 38 rooms. Both properties are now better known by the name of The Villas and The Jayakarta Anyer Boutique Suites, and The Jayakarta Inn & Villas Cisarua. In tune with the company’s development and the hotel business,
PT Pudjiadi And Sons Tbk Initial Public Offering as much as 2,000,000 shares at a price of Rp. 6,800 per share to the public with a nominal value of Rp. 1.000, – and listed its shares on the Jakarta Stock Exchange on May 1, 1990.

After that corporate actions relating to public offering of shares of the parent company do. Corporate actions conducted are a partial listing of shares, bonus shares, recording all the company’s shares, the par value and a limited public offering I to stockholders in order to issue preemptive rights to purchase ordinary shares accompanied by the issuance of warrants. With corporate actions dividend shares on July 16, 2012 of 25,945,154 shares with a value of Rp. 12.972.577.000, – and a stock split for 1 share into five shares on October 2, 2012, based on Notarial Deed Fathiah Helmi, SH, Notary in Jakarta No. 19 dated August 9, 2012, all shares fully paid and outstanding to 778 354 630 shares with a value of Rp. 77.835463 billion, -. It still has not changed until today. From the results of the Initial Public Offering, the Company made the renovation of the hotel The Jayakarta S.P. Jakarta and increase its hotel unit with the completion of the 138 hotel rooms The Jayakarta Suites Bandung in 1994. Hotel in Bandung was expanded with the construction of 75 hotel rooms The Boutique Hotel Bandung which was completed in 2006. The Jayakarta Anyer the reduction of 3 villas type 2 rooms for the construction of the Boutique Suites Anyer with 18 rooms that were completed in 2004.

The Company is also investing in the United States in 1991 which was sold mostly in 1998, namely the Radisson Central Dallas and 80% ownership of the operation Twin Sixties Office Tower. Remaining 20% ​​interest in Twin Sixties Office Tower has been sold entirely in 2010 through the sale of the entire stake in PNSE Inc. Nevada due to continuous losses due to the economic conditions and the business structure in the United States less profitable Company.

In 1997, the Company established two subsidiaries, PT Benoa Bali Realtindo and PT. Jayakarta Realti Investindo. PT Bali Benoa Realtindo established with initial paid up capital of Rp. 1,500,000,000, – the last in 1998 increased to Rp. 38 billion, – and lastly, scaled back capital to Rp. 45 billion, -based deed of Notary Fathiah Helmi, SH, No. 4 on 6 June 2001. This subsidiary acquires and land acquisition at Jl. Bypass Ngurah Rai area of ​​88 092 m2 are planned for the construction of a multi-use property. PT Jayakarta Realti Investindo established with a paid up capital of Rp. 1,500,000,000, – which is planned to carry out the construction of apartment at Jln. Hayam Wuruk No. 126. Until now, both companies are still expressed in the development stage because it has not started commercial enterprises. Establishment of two subsidiaries into the use of funds from limited public offering I.
In 1998, the Company acquired 30% ownership in PT Jayakarta Inti Management which is the marketing management company and owner of the hotel chain The Jayakarta Hotels and Resorts. This subsidiary manages the entire hotel either owned directly by the Company and owned indirectly through subsidiaries, PT Hotel Juwara Warga. This subsidiary managed to gain the confidence to manage hotels owned by third parties in 2009 with the merger of The Jayakarta Daira Palembang – in the network “The Jayakarta Hotels and Resorts”. Hotel with 171 rooms will expand the area of ​​coverage of the Company to the island of Sumatra.

PT Hotel Juwara Warga acquired 51% ownership in 1999 of Rp 43.35 billion with funds derived from the sale of the Company’s investment in The United State.Portofolio hotel assets through this acquisition increases the Company’s The Jayakarta Bali with 278 rooms, The Jayakarta Lombok with 76 rooms were then added to 171 rooms in 2000 and the Jayakarta Yogyakarta with 129 rooms.

PT Hotel Juwara Warga also has several subsidiaries, namely PT Jayakarta Padmatama which was established in 1995 to manage apartment The Jayakarta Residence Bali, PT Hotel Jayakarta Flores as the owner of The Jayakarta Suites – Komodo Flores and PT Bali Boga Rasa as a catering company.

The Company’s portfolio of assets vary in terms of location, star qualification standard and type of building. The Company manages one hotel in Palembang and has hotels in 8 locations with a total of 1,480 rooms and 51 bungalows. The company also has land in Bali, Lombok and Yogyakarta is planned as a multi-use development projects such as malls, apartments and hotels. With total assets as of December 31, 2012 amounting to Rp 353 593 billion, revenue of Rp 250 244 billion, and the number of employees as 1,160, the Company became one of the owners and managers of national hotel chains trusted in Indonesia.

Shareholder List

Management