THE ASEAN CORPORATE GOVERNANCE SCORECARD LEVEL - 2 Five areas of the OECD Principles : PART A RIGHTS OF SHAREHOLDERS BAGIAN A HAK PEMEGANG SAHAM

ACMF (ASEAN Capital Markets Forum) Implementation Plan

A.1

THE ASEAN CORPORATE GOVERNANCE SCORECARD

LEVEL - 2

Five areas of the OECD Principles :

PART BAGIAN

A A

PENALTY

RIGHTS OF SHAREHOLDERS HAK PEMEGANG SAHAM

Basic shareholder rights Dasar hak pemegang saham

A.1.1(P)

Did the company fail or neglect to offer equal treatment for share repurchases to all shareholders?

Apakah perusahaan pernah gagal atau lalai dalam memberikan perlakuan yang sama kepada seluruh pemegang saham terkait dengan pembelian saham baru?

KETERSEDIAAN EVIDENCE (BUKTI PENERAPAN)

DISCLOSURE (PENGUNGKAPAN)

Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. No, the company didn’t fall or neglect to ofter equal treatment for share repurchases to all Yes shareholders.

Beri jawaban Yes atau No, bila Yes Sebutkan media yang digunakan untuk pengungkapan : Website, Annual Report

Website

Guiding Reference

OECD Principle II (A)

Yes

Tidak pernah perusahaan gagal atau lalai dalam memberikan perlakuan yang sama kepada seluruh pemegang saham terkait dengan pembelian NO

NO X x X vote x

A.2

Right to participate effectively in and in general shareholders' meetings and should be informed of the rules, including voting procedures, that govern general shareholders' meetings. Hak untuk berpartisipasi secara efektif dalam dan memilih dalam umum pemegang saham 'rapat dan harus diberitahu tentang aturan, termasuk prosedur pemungutan suara, yang mengatur pemegang saham umum' pertemuan.

A.2.1(P)

Did the company include any additional and unannounced agenda item into the notice of AGM/EGM



Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. No, the company didn’t include any additional and unannounced agenda Yes item into the notice of AGM/EGM.

Beri jawaban Yes atau No, bila Yes Sebutkan media yang digunakan untuk pengungkapan : Website, Annual Report www.telkom.co.d (AGM) Yes

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NO

Guiding Reference

NO

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THE ASEAN CORPORATE GOVERNANCE SCORECARD Five areas of the OECD Principles :

PART BAGIAN

A A

PENALTY


Apakah perusahaan memasukkan agenda tambahan dan tanpa pemberitahuan ke dalam pemberitahuan/panggilan RUPS / RUPSLB

A.3

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Tidak, Perusahaan tidak memasukkan agenda tambahan dan tanpa pemberitahuan ke dalam Iklan pemberitahuan/pamggilan RUPS

www.telkom.co.id ( RUPST)

Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed. Struktur pemodalan dan pengaturan yang memungkinkan pemegang saham tertentu untuk mendapatkan tingkat kontrol yang tidak proporsional terhadap kepemilikan ekuitas mereka harus diungkapkan.

Did the company fail to disclose the existence of: Apakah perusahaan gagal untuk mengungkapkan adanya: A.3.1(P)

Shareholders' agreements?



Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya.


Yes

No,The company didn’t fail to disclose the existence of :Shareholders’ Agreements

NO

Voting cap? Yes

Mekanisme voting

Yes

NO

Tidak,Perusahaan tidak gagal untuk mengungkapkan adanya: Kesepakatan pemegang saham.

Kesepakatan Pemegang Saham?

A.3.2(P)

Guiding Reference

NO

No, the company didn’t fail to disclose the existence of: Voting cap

Tidak, perusahaan tidak gagal untuk mengungkapkan: Mekanisme voting

OECD Principle II (C) 2 Yes

NO

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A.3.3(P)

THE ASEAN CORPORATE GOVERNANCE SCORECARD Five areas of the OECD Principles :

PART BAGIAN

A A

PENALTY


Multiple voting rights?

Yes

No, the company didn’t fail to disclose the existence of: Multiple voting rights.

NO

Yes

NO

Tidak, perusahaan tidak gagal untuk mengungkapkan: Hak suara ganda.

Hak suara ganda?

A.4

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Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed. Struktur pemodalan dan pengaturan yang memungkinkan pemegang saham tertentu untuk mendapatkan tingkat kontrol yang tidak proporsional terhadap kepemilikan ekuitas mereka harus diungkapkan.


A.4.1(P)

Is a pyramid ownership structure and/ or cross holding structure apparent?

Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. No, it isn’t a pyramid ownership structure and/or cross holding Yes structure apparent.

NO

Apakah ada kejelasan terkait piramida struktur kepemilikan dan / atau kepemilikan silang?

DISCLOSURE (PENGUNGKAPAN) Beri jawaban Yes atau No, bila Yes Sebutkan media yang digunakan untuk pengungkapan : Website, Annual Report

Guiding Reference

OECD Principle II (D): Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed. Some capital structures allow a shareholder to exercise a degree of control over the corporation disproportionate to the shareholders’ equity ownership in the company. Pyramid structures, cross shareholdings and shares with limited or multiple voting rights can be used to diminish the capability

Yes

NO

Tidak ada kejelasan terkait priramida struktur kepemilikan dan atau kepemilikan silang

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LEVEL - 2


PART BAGIAN

A A

PENALTY


of non-controlling shareholders to influence corporate policy.

LEVEL-2



B.1


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PART BAGIAN

B B

PENALTY

EQUITABLE TREATMENT OF SHAREHOLDERS PERBERLAKUAN ADIL KEPADA PEMEGANG SAHAM

Insider trading and abusive self-dealing should be prohibited. Insider trading dan kasar self-dealing harus dilarang.


B.1.1(P)

Has there been any conviction of insider trading involving directors/ commissioners, management and employees in the past three years?

Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. There hasn’t been any conviction of insider trading involving directors/ Yes commissioners, management and employees in the past three years.

Apakah benar ada keyakinan insider trading yang melibatkan direksi / komisaris, manajemen dan karyawan dalam tiga tahun terakhir?


OECD Principle III: The Equitable Treatment of Shareholders(B) Insider trading and abusive dealing should be prohibited.ICGN 3.5 Employee share dealingCompanies should have clear rules regarding any trading by directors and employees in the company's own securities. Among other issues, these must seek to ensure individuals do not benefit from knowledge which is not generally available to the market.ICGN 8.5 Shareholder rights of action... Minority shareholders should be afforded protection and remedies against abusive or oppressive conduct.

Yes

Tidak benar ada keyakinan insider trading yang melibatkan direksi/ komisaris, manajemen dan karyawan dalam 3 (tiga) tahun terakhir. NO

Guiding Reference

NO

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B.2


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PART BAGIAN

B B

PENALTY


Protecting minority shareholders from abusive action Melindungi pemegang saham minoritas dari tindakan kasar

B.2.1(P)

Has there been any cases of non compliance with the laws, rules and regulations pertaining to significant or material related-party transactions in the past three years? Apakah benar ada kasus ketidakpatuhan dengan, aturan hukum dan peraturan yang berkaitan dengan signifikan atau materi pihak terkait transaksi dalam tiga tahun terakhir?



Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. There hasn’t been any cases of non compliance with the laws, rules and regulations pertainingto significant or Yes material related-party transactions in the past three years.


NO

Tidak benar ada kasus ketidak patuhan dengan aturan hukum dan peraturan yang berkaitan dengan signifikan atau materi pihak terkait transaksi dalam 3 (tiga) tahun terakhir.

Guiding Reference

OECD Principle III(B) Insider trading and abusive dealing should be prohibitedICGN 2.11.1 Related-party transactionsCompanies should have a process for reviewing and monitoring any relatedparty transaction. A committee of independent directors should review significant related party transactions to determine whether they are in the best interests of the company and if so to determine what terms are fair. ICGN 2.11.2 Director conflicts of interestCompanies should have a process for identifying and managing any conflicts of interest directors may have. If a director has an interest in a matter under consideration by the

Yes

NO

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PART BAGIAN

B B

PENALTY


board, then the director should not participate in those discussions and the board should follow any further appropriate processes. Individual directors should be conscious of shareholder and public perceptions and seek to avoid situations where there might be an appearance of a conflict of interest.ICGN 8.5 Shareholder rights of actionShareholders should be afforded rights of action and remedies which are readily accessible in order to redress conduct of company which treats them inequitably. Minority shareholders should be afforded protection and remedies against abusive or oppressive conduct.

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C.1


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PART BAGIAN

C C

PENALTY

ROLE OF STAKEHOLDERS PERAN STAKEHOLDERS

The rights of stakeholders that are established by law or through mutual agreements are to be respected. Hak-hak stakeholder yang ditetapkan oleh hukum atau melalui perjanjian bersama harus dihormati.

C.1.1(P)

Has there been any violations of any laws pertaining to labour/employment/ consumer/insolvency/ commercial/competition or environmental issues?

Apakah benar ada pelanggaran hukum yang berkaitan dengan perburuhan / ketenagakerjaan / konsumen / kebangkrutan / komersial / kompetisi atau masalah lingkungan?



Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. There hasn’t been any violations of any laws pertaining to Yes labour/employment/ consumer/insolvency/ commercial/ competition or environmental issues


NO

Tidak benar ada pelanggaran hukum yang berkaitan dengan perburuhan/ ketenagakerjaan/konsumen/kebangkr utan/komersial/kompetisi atau masalah lingkungan

Guiding Reference

OECD Principle IV (A) The rights of stakeholders that are established by law or through mutual agreements are to be respected.

Yes

NO

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C.2


LEVEL - 2


PART BAGIAN

C C

PENALTY

ROLE OF STAKEHOLDERS PERAN STAKEHOLDERS

Where stakeholders participate in the corporate governance process, they should have access to relevant, sufficient and reliable information on a timely and regular basis. Dimana stakeholder berpartisipasi dalam proses tata kelola perusahaan, mereka harus memiliki akses informasi yang relevan, informasi yang cukup dan dapat diandalkan secara tepat waktu dan teratur.


C.2.1(P)

Has the company faced any sanctions by regulators for failure to make announcements within the requisite time periode for material events?

Apakah perusahaan menghadapi sanksi oleh regulator untuk kegagalan menyampaikan pengumuman dalam jangka waktu yang ditentukan untuk acara yang material?

Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. The company hasn’t faced any Yes sanctions by regulators for failure to make announcements within the requiisite time periode for material events.

NO

Tidak, perusahaan tidak menghadapi sanksi oleh regulator untuk kegagalan menyampaikan pengumuman dalam jangka waktu yang ditentukan untuk acara yang material.


Guiding Reference

OECD Principle IV (B) Where stakeholders participate in the corporate governance process, they should have access to relevant, sufficient and reliable information on a timely and regular basis.

Yes

NO

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D.1


LEVEL - 2


PART BAGIAN

D D

PENALTY

DISCLOSURE AND TRANSPARENCY TRANSPARANSI DAN PENGUNGKAPAN

Sanctions from regulator on financial reports Sanksi dari regulator pada laporan keuangan


D.1.1(P)

Did the company receive a "qualified opinion" in its external audit report?

Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. Yes, The company received a Yes “qualified opinion” in its external audit report

NO

Apakah perusahaan menerima "pendapat wajar" dalam laporan audit eksternal?

In Attactment Annual Report: External Audit opinioned: The consolidated financial statement refered to above present fairly, in all material respects, the consolidated financial position of perusahaan PT.Telekomunikasi Indonesia, Tbk and its subsidiaries as at December 31, 2011 and 2010, and January 1, 2010, and the consolidated results of their operations and their cash flows for the years ended December 31, 2011 and 2010 in conformity with Indonesian financial Accounting Standards. Ya, perusahaan menerima “ pendapat Wajar” dalam laporan Audit Eksternal.

DISCLOSURE (PENGUNGKAPAN) Beri jawaban Yes atau No, bila Yes Sebutkan media yang digunakan untuk pengungkapan : Website, Annual Report www.telkom.id & Attactment Annual Yes Report

NO

www.telkom.id & Lampiran Laporan Tahunan

Dalam Lampiran Laporan Tahunan: Pendapat External Auditor: Laporan keuangan konsolidasian yang kami sebut diatas, menyajikan secara wajar, dalam semua hal yang material posisi keuangan konsolidasian perusahaan PT.Telekomunikasi Indonesia, Tbk

LEVEL-2

Guiding Reference

OECD Principle V: Disclosure and Transparency(B) Information should be prepared and disclosed in accordance with high quality standards of accounting and financial and non-financial disclosures.(C) An annual audit should be conducted by an independent, competent and qualified, auditor in order to provide an external and objective assurance to the board and shareholders that the financial statements fairly represent the financial position and performance of the company in all material respects.(D) External auditors should be accountable to the shareholders and owe a duty to the company to exercise due professional care in the conduct of the audit.ICGN 6.2 Annual auditThe annual audit carried out on behalf of shareholders is an essential part of the checks and balances

Penalty - Part – D pages : …..# of …….page



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PART BAGIAN

D D

PENALTY

DISCLOSURE AND TRANSPARENCY TRANSPARANSI DAN PENGUNGKAPAN

required at a company. It should provide an independent and objective opinion that the financial statements fairly represent the financial position and performance of the company in all material respects, give a true and fair view of the affairs of the company and are in compliance with applicable laws and regulations.ICGN 7.3 Affirmation of financial statementsThe board of directors and the appropriate officers of the company should affirm at least annually the accuracy of the company's financial statements or financial accounts.International Auditing Standard (ISA) No. 705 "Modifications to the Opinion in the Independent Auditor's Report" (2009).Paras. 7, 8 and 9 specify the three types of modifications to the auditor's opinion; that is, Qualified opinion, Adverse opinion, and Disclaimer opinion respectively.

dan entitas anak pada tanggal 31 Desember 2011 dan 2010 dan Januari 2010, serta hasil usaha dan arus kas konsolidasian untuk tahun yang berakhir pada tanggal tanggal 31 Desember 2011, 2010 sesuai dengan standard akuntansi keuangan di Indonesia.

D.1.2(P)

Did the company receive an "adverse opinion" in its external audit report?

Apakah perusahaan menerima "opini buruk" dalam laporan audit eksternal?

D.1.3(P)

Yes

No. the company didn’t receive an “Adverse opinion” in external audit report.

Yes

NO

Tidak, Perusahaan tidak menerima “Opini Buruk” dalam laporan audit eksternal

NO

Yes

Yes

No, the company didn’t receive a “disclamer of opinion” in its external audit report.

Did the company receive a "disclaimer of opinion" in its external audit report? NO

Tidak. perusahaan tidak menerima “disclamer opinion” dalam laporan audit eksternal

Apakah perusahaan menerima "disclaimer opinion" dalam laporan audit eksternal?

D.1.4(P)

Have the regulator(s) in the past year required the company to revise its financial statements?

Memiliki regulator (s) dalam satu tahun terakhir yang dibutuhkan perusahaan untuk merevisi laporan

NO

Yes

No, the regulator(s) don’t have in the past year required the company to revise its financial statements.

Yes

NO

Tidak memiliki regulator (s) dalam satu tahun terakhir yang dibutuhkan perusahaan untuk merevisi laporan

NO

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LEVEL - 2


PART BAGIAN keuangannya?

D D

PENALTY

DISCLOSURE AND TRANSPARENCY TRANSPARANSI DAN PENGUNGKAPAN keuangannya.

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E.1


LEVEL - 2


PART BAGIAN

E E

PENALTY

RESPONSIBILITIES OF THE BOARD TANGGUNG JAWAB DEWAN

Compliance with listing rules, regulations and applicable laws Kepatuhan terhadap peraturan pencatatan, peraturan dan hukum yang berlaku

E.1.1(P)

Is there any evidence that the company has not complied with any listing rules and regulations over the past year apart from disclosure rules?



Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. No, There isn’t any evidence that the Yes company has not complied with any listing rules and regulations over the past year a part from disclosure rules.


OECD Principle VI (D) (7) Ensuring the integrity of the corporation’s accounting and financial reporting systems, including the independent audit, and that appropriate systems of control are in place, in particular, systems for risk management, financial and operational control, and compliance with the law and relevant standards.Companies are also well advised to set up internal programmes and procedures to promote compliance with applicable laws, regulations and standards, including statutes to criminalise bribery of foreign officials that are required to be enacted by the OECD Anti-

Yes

Tidak, ada bukti bahwa perusahaan belum memenuhi aturan yang terdaftar dan peraturan selama tahun lalu terpisah dari aturan pengungkapan.

Apakah ada bukti bahwa perusahaan belum memenuhi aturan daftar dan peraturan selama tahun lalu terpisah dari aturan pengungkapan? NO

Guiding Reference

NO

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E.1.2(P)


LEVEL - 2


PART BAGIAN

E E

PENALTY


Have there been any instances where non-executive directors/ commissioners have resigned and raised any issues of governancerelated concerns?.

Apakah pernah terjadi kasus di mana non-eksekutif direktur / komisaris mengundurkan diri dan mengangkat masalah terkait GCG ?

Yes

No, there don’t have been any instances where non executive directors/commissioners have resigned and raised any issues of governance related concerns.

bribery Convention and measures designed to control other forms of bribery and corruption. Moreover, compliance must also relate to other laws and regulations such as those covering securities, competition and work and safety conditions. Such compliance programmes will also underpin the company’s ethical code. UK CG Code (June 2010) A.4.3 Where directors have concerns which cannot be resolved about the running of the company or a proposed action, they should ensure that their concerns are recorded in the board minutes. On resignation, a nonexecutive director should provide a written statement to the chairman, for circulation to the board, if they have any such concerns.

Yes

Tidak pernah terjadi kasus dimana non eksekutif direktur/komisaris mengundurkan diri dan mengangkat masalah terkait GCG. NO

NO

LEVEL-2


Formatted: Indonesian

Formatted: Normal, Left, Don't adjust space between Latin and Asian text, Don't adjust space between Asian text and numbers


E.1.3(P)


LEVEL - 2


PART BAGIAN

E E

PENALTY


Have there been major corporate scandals that point to weak board of directors/commissioners oversight?

Yes

No, there don’t have been major corporate scandals that point to weak board of directors/commissioners oversight.

OECD Principle VI.D.7. Ensuring the integrity of the corporation’s accounting and financial reporting systems, including the independent audit, and that appropriate systems of control are in place, in particular, systems for risk management, financial and operational control, and compliance with the law and relevant standards.Ensuring the integrity of the essential reporting and monitoring systems will require the board to set and enforce clear lines of responsibility and accountability throughout the organisation. The board will also need to ensure that there is appropriate oversight by senior management

Yes

Tidak pernah skandal korporasi besar yang mengarah ke kedudukan lemah direksi/komisaris pengawasan.

Apakah pernah skandal korporasi besar yang mengarah ke kedudukan lemah direksi / komisaris pengawasan? NO

NO

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E.2


LEVEL - 2


PART BAGIAN

E E

PENALTY


External audit Audit eksternal


E.2.1(P)

Is any of the directors or senior management a former employee or partner of the current external auditor (in the past two years)?

Beri jawaban Yes atau No, bila Yes Uraikan secara singkat bagaimana proses penerapan kebijakannya. Yes, any of the directors or senior management a former employee or Yes partner of the current external auditor (in the past two years).

NO

Apakah salah satu direksi atau manajemen senior mantan karyawan atau mitra auditor eksternal saat ini (dalam dua tahun terakhir)?

In Annual Report on page 39-40: 1.ARIEF YAHYA Director of Enterprise & Wholesale 2.INDRA UTOYO Director of IT, Solution & Strategic Portfolio/CIO 3. I NYOMAN G. WIRYANATA Director of Consumer 4. SUDIRO ASNO Director of Finance/CFO 5. FAISAL SYAM Director of Human Capital & General Affair 6. ERMADY DAHLAN Director of Network & Solution/COO

Ya, beberapa direksi atau manajemen senior mantan karyawan atau mitra auditor eksternal saat ini (dalam dua tahun terakhir).

DISCLOSURE (PENGUNGKAPAN) Beri jawaban Yes atau No, bila Yes Sebutkan media yang digunakan untuk pengungkapan : Website, Annual Report www.telkom.id & Annual Report on page 39-40 Yes

NO

www.telkom.id & Laporan Tahunan hal 39-40

Dalam laporan Tahunan hal 39-40: 1.ARIEF YAHYA Direktur Enterprise & Wholesale 2.INDRA UTOYO Direktur IT, Solution & Strategic Portfolio 3. I NYOMAN G. WIRYANATA Direktur Konsumer

LEVEL-2

Guiding Reference

OECD Principle V (C) An annual audit should be conducted by an independent, competent and qualified, auditor in order to provide an external and objective assurance to the board and shareholders that the financial statements fairly represent the financial position and performance of the company in all material respects.Examples of other provisions to underpin auditor independence include, a total ban or severe limitation on the nature of non-audit work which can be undertaken by an auditor for their audit client, mandatory rotation of auditors (either partners or in some cases the audit partnership), a temporary ban on the employment of an ex-auditor by the audited company and prohibiting auditors or their dependents from having a financial stake or management role in the companies they audit.




LEVEL - 2


PART BAGIAN

E E

PENALTY

RESPONSIBILITIES OF THE BOARD TANGGUNG JAWAB DEWAN 4. SUDIRO ASNO Director of Direktur Keuangan 5. FAISAL SYAM Direktur Human

Capital & General Affair 6. ERMADY DAHLAN Direktur

Network & Solution

LEVEL-2


THE ASEAN CORPORATE GOVERNANCE SCORECARD LEVEL - 2 Five areas of the OECD Principles : PART A RIGHTS OF SHAREHOLDERS BAGIAN A HAK PEMEGANG SAHAM

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