Eucalyptus Nurseries Center Monthly Capacity of 2 Million Seed
New Eucalyptus Plantation Age of 6 Months
Eucalyptus Trees Age of 6 Years Ready To Harvest
Factory Processing Raw Material Becoming Pulp
End of Factory Process, Pulp Ready Supplied

History

PT Toba Pulp Lestari Tbk (the "Company") was established within the framework of the Domestic Capital Investment Law No. 6 year 1968, and amended by Law No. 12 year 1970 based on notarial deed No. 329 dated April 26, 1983 of Misahardi Wilamarta, S.H., public notary in Jakarta. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in his decision letter No. C2-5130.HT01-01 TH.83 dated July 26, 1983 and was published in State Gazette of the Republic of Indonesia No. 97 dated December 4, 1984, Supplement No. 1176.

The Company's corporate status was subsequently changed to a Foreign Capital Investment Company by approval of the President of the Republic of Indonesia by Notification Letter on the Presidential Approval No. 07/V/1990 dated May 11, 1990 issued by the Chairman of Capital Investment Coordinating Board.

In connection with the above-mentioned change in corporate status, the Company's Articles of Association were amended by notarial deed No. 113 dated May 12, 1990 of Rachmat Santoso, S.H., public notary in Jakarta. In addition, the par value of the Company's share capital was changed from Rp 500 thousands per share to Rp 1 thousand per share. These changes were approved by the Minister of Justice of the Republic of Indonesia in his decision letter No. C2-2652.HT.01.04. TH.90 dated May 20, 1990.

The amendment to the Company's Articles of Association concerning the change in the Company's name from PT Inti Indorayon Utama Tbk to PT Toba Pulp Lestari Tbk and reduction in authorized capital stock from Rp 2,000,000,000 to Rp 1,688,307,072 was set forth in notarial deed No. 61 dated February 20, 2001 of Linda Herawati, S.H., notary public in Jakarta. These changes have been approved by the Minister of Justice and Human Rights of the Republic of Indonesia in his decision letter No. C-06519.HT.01.04.TH.2001 dated 23 August 2001. And The Company's Articles of Association was further amended based on notarial deed No. 61 dated July 18, 2003 of Linda Herawati, SH., notary public in Jakarta, concerning the additional issued and paid up capital. The amendment has been accepted and registered at the Ministry of Justice and Human Right of the Republic of Indonesia in the Articles of Association Amendment Acceptance Report of the Company No. C-21113.HT.01.01.04.TH.2003 dated September 5, 2003.

Based on the decision of extraordinary general meeting of shareholders on June 27, 2008 in Deed No. 45 dated July 14, 2008 of Linda Herawati SH., public notary in Jakarta, the Articles of Association of the Company have been amended to be in accordance with Law No. 40 Year 2007 concerning Limited Liability Company in conjunction with Rule No. IX.J.1 Appendix of the Capital Market Supervisory Board-Financial Institution (Bapepam-LK) Decree No. Kep- 178/BL/2008 dated May 14, 2008. This amendment has been approved by the Minister of Law and Human Right of the Republic of Indonesia based on his decision letter No. AHU-50872.AH.01.02.Year 2009 dated October 21, 2009.

The Company is domiciled in Medan, North Sumatera, with its mill located in Desa Sosor Ladang, Pangombusan, Kecamatan Parmaksian, Residency of Toba Samosir, North Sumatera. The Company's registered office is located in Uniplaza, East Tower, Jl. Letjend. Haryono MT A-1, Medan.

The main activities of the Company is to manufacture pulp and viscose rayon; establish, carry out and develop Concession of Industrial Forestry and other industries to support the raw materials to manufacture pulp and viscose rayon; and to manufacture and market all products made up of those materials. The Company started its commercial operations on April 1, 1989. Currently, the Company produces pulp and its products are marketed both domestically and internationally.