As of December 31, 2010, we repurchased 490,574,500 Common Stock shares, equivalent to 2.43% of our issued and outstanding Common Stock, at a repurchase price of Rp4,264,073 million, including broker and custodian fees. Under our repurchase program, we repurchased 118,376,500 shares in 2006, 126,364,000 shares in 2007 and 245,834,000 shares in 2008. We did not repurchase any shares in 2009 or 2010. We plan to retain, sell or use repurchased stock for other purposes in accordance with Bapepam-LK Regulation No. XI.B.2,Law No. 40/2007 regarding Limited Liability Companies and the resolutions of the AGMS on June 11, 2010, such as market placement, cancellation, equity conversion, and funding.Pursuant to a resolution of the AGMS on June 11, 2010,the Board of Directors must seek prior approval from the Board of Commissioners to undertake any change or transfer of treasury stock and report its utilization of transfer to the AGMS. Before giving its approval, the Board of Commissioners must consult with the holder of the Series A Dwiwarna share.
