Appointment and Alteration of the Board of Directors of PT Mahkota Indonesia

PT LAUTAN LUAS Tbk ( “Company” ) herewith announces appointment and alteration of the Board of Directors of PT Mahkota Indonesia, the Company’s subsidiary company, effective as of December 12^th, 2016,  with following composition:

Previously:

President Director  : Jimmy Masrin

Director                : Sandjaja Hajadi

Director                : Michael Susanto Pardi

Director                : Thianchay Monthaniyachat

Director                : Wong Lung Tak

Director                : Sutejo Monthaniyachat

Thereafter:

President Director  : Jimmy Masrin

Director                : Sandjaja Hajadi

Director                : Michael Susanto Pardi

Director                : Thianchay Monthaniyachat

Director                : Wong Lung Tak

Director                : Thiansak Monthaniyachat