The Company established in 1979 under the name of PT. Bintaro Raya by virtue of Law on Domestic Investment on May 25, 1979, Deed No. 36 drawn up by Hobropoerwanto, SH., and amended by virtue of Deed No. 14 drawn up by the same notary public on December 6, 1979. The deed of incorporation is rati ed by the Minister of Justice of the Republic of Indonesia as indicated in Decree No. Y.A 5/498/24 dated December 22, 1979 and publicized in the Official Gazette No. 23 dated March 18, 1980, Supplement No. 148. The name of company is further changed to be PT. Jaya Real Property by virtue of Deed No. 133 on May 14, 1992 drawn up before Sutjipto, notary public in Jakarta. The Articles of Association of the Company is amended for several times, entirely by virtue of Deed No. 52 dated June 4, 2009, drawn up before Aulia Taufani, SH. as substitute for Sutjipto, SH., then the notary public in Jakarta which is approved by the Minister of Law and Human Rights as indicated in his Decree Number AHU-50606.AH.01.02 of 2009 dated October 20, 2009 and recently by virtue of Deed No. 3 Dated June 1, 2010 by Aulia Taufani, SH., as substitute for Sutjipto, SH., notary public in Jakarta, regarding change of Company domicile. The amendment to Company?s articles of association is approved by the Minister of Law and Human Rights of the Republic of Indonesia as indicated in Decree No. AHU-40349.AH.01.02 of 2010 Dated August 16, 2010. The company started operating commercially since 1980 and listed on the Indonesia Stock Exchange (formerly Jakarta Stock Exchange) since 1994.