GUIDELINES

In developing GCG in the Company, PGN has formulated several policies concerning corporate ethics. These include the following:

Corporate Governance Manual
The Corporate Governance Manual constitutes PGN's basic guidelines for doing business. This manual also provides guidance for all PGN employees on applying the principles of good corporate governance in their work. The Corporate Governance Manual has been disseminated to all PGN employees and can also be accessed on the Company's website by any PGN stakeholders. The values contained in the Manual must be adopted by all PGN employees.

Board Manual
The Board Manual provides guidance for the Board of Directors and Board of Commissioners on performing their duties. Broadly speaking, the Board Manual outlines the procedures for the working relations of the Board of Directors and Board of Commissioners, including their duties, responsibilities, ethics, authority and rights. The Board Manual is based on the two-tier Board principle applied under Indonesia's corporate law, and refers to the prevailing laws and regulations, PGN's Articles of Association, resolutions of the GMS and best practices in the implementation of good corporate governance.

Business Ethics and the Prevention of Corruption
PGN personnel are prohibited from committing corrupt acts or engaging in actions that encourage corruption. This matter is articulated in Letter of the Board of Directors No.011200.K/132/ UT/2006 dated 21 April 2006 regarding the Policy on Business Ethics and the Prevention of Corruption. PGN also encourages employees to report any act of corruption or potential for corruption of which they have knowledge, and undertakes to protect the identity of any employee who makes such a report. PGN also prohibits the giving or receiving of bribes. PGN makes only those donations that are permitted under the prevailing laws and regulations.