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Page 1
               DISCLOSURE OF INFORMATION TO SHAREHOLDERS
                    PT GOWA MAKASSAR TOURISM DEVELOPMENT, TBK
                               (“INFORMATION DISCLOSURE”)
     In order to comply with Financial Services Authority Regulation No. 15/POJK.04/2022
                concerning Stock Splits and Stock Mergers by Public Companies




                          PT Gowa Makassar Tourism Development, Tbk

                                     Kegiatan Usaha Utama:
                             Bidang Real Estate dan Kawasan Pariwisata

                                            Kantor Pusat:
                                        Mall GTC GA-9 No. 1B
                                       Jl. Metro Tanjung Bunga
                                           Makassar 90134
                                      Sulawesi Selatan,Indonesia
                                      Telepon: +62 411 811 3456
                                   Website: www.tanjungbunga.com
                            Email: corporate.secretary@tanjungbunga.com




                         INFORMATION TO SHAREHOLDERS
                    IN CONNECTION WITH THE STOCK SPLIT PLAN

Information Disclosure is carried out in the framework of the Stock Split of PT Gowa Makassar
Tourism Development, Tbk ("Company") with a split ratio of 1:10, which has obtained approval from
the Company's General Meeting of Shareholders at the Extraordinary General Meeting of
Shareholders ("EGM”) Company Meeting which was held on December 13, 2023. This Disclosure
of Information is conveyed in order to comply with the Republic of Indonesia Financial Services
Authority (OJK) Regulation No. 15/POJK.04/2022 concerning Stock Splits and Stock Mergers by
Public Companies ("POJK No. 15/2022").




                          Information Disclosure is published in Makassar
                                      on December 28, 2023
Page 2
                                           INTRODUCTION


Referring to Article 24 POJK No. 15/2022, the Company is obliged to announce information disclosure
before carrying out the Share Split which has been approved by the GMS. This Share Split has received
approval from the Company's shareholders at the Company's Extraordinary GMS which was held on
December 13, 2023.


                                           GMS APPROVAL

The Company's Extraordinary GMS dated 13 December 2023 on the agenda "Approval of the
Company's Share Split Plan (Stock Split)" and "Approval of Amendments to the Company's Articles of
Association in connection with the Stock Split", has given the following approval:

1. Approve and ratify the Company's share split plan (stock split).

2. Approve changes to Article 4 paragraph (1) and paragraph (2) of the Company's Articles of
   Association, in order to adjust to changes in the nominal value of shares and number of shares after
   the stock split is carried out.

    So, further Article 4 paragraph (1) and paragraph (2) of the Company's Articles of Association will
    read as follows:

                                                  CAPITAL
                                                 ARTICLE 4

    (1) The authorized capital of this Company is IDR 120,000,000,000 (one hundred and twenty billion
        rupiah) divided into 2,400,000,000 (two billion four hundred million) shares with each share
        having a nominal value of IDR 50,- (fifty rupiah)
    (2) Of the authorized capital, 1,015,380,000 (one billion fifteen million three hundred and eighty
        thousand) shares have been issued and fully paid up by the shareholders with a total nominal
        value of IDR 50,769,000,000 (fifty billion seven hundred sixty-nine million rupiah) of which the
        details and nominal value of the shares are stated at the end of this deed.

3. Appoint and authorize with the right of substitution the Directors and/or Corporate Secretary of the
   Company to carry out all actions related to the decisions of this Meeting, including but not limited to
   appearing before the authorities, holding discussions, giving and/or asking for information,
   submitting requests for approval and/or notification of changes to the Company's articles of
   association to the Minister of Law and Human Rights of the Republic of Indonesia or other relevant
   authorities, making or signing deeds and letters or other documents that are required or considered
   necessary, present before a Notary to make and sign a deed stating the resolutions of the
   Company's Meeting and carry out other things that must and/or can be carried out in order for the
   Meeting's decisions to be realized/realized.

Amendments to Article 4 paragraphs (1) and (2) of the Company's Articles of Association have been
included in the Deed of Extraordinary GMS Decision Statement No. 4 dated 23 December 2023 made
before Ridwan Nawing, S.H., Notary in Makassar City. Notification of changes to the Company's Articles
of Association has been received by the Minister of Law and Human Rights of the Republic of Indonesia
based on the Letter of the Ministry of Law and Human Rights of the Republic of Indonesia, Directorate
General of General Legal Administration No. AHU-AH.01.03-0155814 dated December 13, 2023.




                                                    2
Page 3
                STOCK SPLIT RATIO, NOMINAL VALUE OF SHARES,
        AND THE NUMBER OF SHARES BEFORE AND AFTER THE STOCK SPLIT


The Company's Extraordinary GMS has approved the Stock Split with a ratio of 1 (one) old share to 10
(ten) new shares (ratio 1:10), with the following details:

             INFORMASI PEMECAHAN SAHAM                                         KETERANGAN
   Type of Shares                                                    Saham Biasa
   Stock Split Ratio                                                 1 : 10
   Number of Shares Before Stock Split                               101.538.000 saham
   Number of Shares After Stock Split                                1.015.380.000 saham
   Nominal Value of Shares Before Stock Split                        Rp. 500,- per saham
   Nominal Value of Shares After Stock Split                         Rp. 50,- per saham



                 APPROVAL OF THE INDONESIAN STOCK EXCHANGE FOR
                              THE LISTING OF SHARES

By paying attention to Article 7 paragraphs (1) and (2) POJK No. 15/2022, PT Bursa Efek Indonesia has
given approval to the Company for the request for listing of shares resulting from a stock split as outlined
in PT Bursa Efek Indonesia Letter No. S-11071/BEI.PP2/12-2023 dated 20 December 2023.



           SCHEDULE AND PROCEDURES FOR IMPLEMENTING STOCK SPLIT

Below we present the schedule and procedures for implementing the Stock Split:


                                ACTIVITY                                             TIME TABLE
 RUPS
                                                                                 13 December 2023
 AGM
 Receipt of Notification of Amendments to the Articles of Association
 from the Ministry of Law and Human Rights of the Republic of                    13 December 2023
 Indonesia
 Announcement of Summary of GMS Minutes                                          15 December 2023
 Application for Listing of Additional Shares on the Stock Exchange
                                                                                 18 December 2023
 Indonesia on shares resulting from the Stock Split
 Approval of the Indonesian Stock Exchange for the Listing of
                                                                                 20 December 2023
 Additional Shares of Stock Split Results

 Disclosure of Information related to Corporate Actions                          28 December 2023
 End of Trading in Shares with Old Nominal Value on the Market
                                                                                   3 Januari 2024
 Regular and Negotiated Markets
 Beginning of Stock Trading with a New Nominal Value on the Market
                                                                                   4 Januari 2024
 Regular and Negotiated Market (Stock Split Implementation)*

 Trading Exclusion Period in the Cash Market                                      4 - 5 Januari 2024

 Beginning of Stock Trading with a New Nominal Value on the Cash
                                                                                   8 Januari 2024
 Market

                                                     3
Page 4
                                ADDITIONAL INFORMATION

If you need further information, you can contact the Company at the address:


                          PT. Gowa Makassar Tourism Development, Tbk
                                        Corporate Secretary
                                       Mall GTC GA-9 No. 1B
                              Jl. Metro Tanjung BungaMakassar 90134
                                     Sulawesi Selatan,Indonesia
                                     Telepon: +62 411 811 3456
                                  Website: www.tanjungbunga.com
                           Email: corporate.secretary@tanjungbunga.com


                                  Makassar, 28 December 2023
                                            Director




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