To comply with Financial Services Authority Regulations

Jakarta, December 8, 2015 - In order to comply with the Financial Services Authority Regulation Number 33 / POJK.04 / 2014 of the Board of Directors and Board of Commissioners of Issuer or Public Company, PT Panin Financial Tbk (the "Company") has made the Charter of the Board of Directors, the Charter of the Board of Commissioners, and the Company's Code of Conduct, where all three documents have been published in full version in the Company's website.

In addition to the above, in accordance with the Financial Services Authority Regulation Number 34 / POJK.04 / 2014 of the Nomination and Remuneration Committee of Issuer or Public Company and in accordance with the decision of the Board of Commissioners meeting held on October 23, 2015, the functions of the Nomination and Remuneration Committee will be run by Board of Commissioners.

This decision was taken because the Board of Commissioners has been carrying out the functions of the Nomination and Remuneration Committee, and separation of these functions into a separate committee has not been deemed necessary. Charter of the functions of the Nomination and Remuneration Committee has been set forth in the Charter of the Board of Commissioners that can be seen on the Company's website.

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