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                              PT BANK BTPN Tbk (the "Company")

                                  Domiciled in South Jakarta

                                   ANNOUNCEMENT ON
                              TREASURY STOCKS WITHDRAWAL

 The Board of Directors of the Company hereby announces that based on Extraordinary General
 Meeting of Shareholders that was held on 7 December 2023, in relation to the treasury stocks
 withdrawal ("Treasury Stocks Withdrawal"), shareholders of the Company have approved the
 proposed withdrawal of 92,292,198 treasury stock and therefore to amend the article 4
 paragraph (2) of the Company's Articles of Association.

 Treasury Stocks withdrawal is conducted to comply with the requirements as set out in Otoritas
 Jasa Keuangan (Financial Services Authority - "OJK") Regulation No. 2/POJK.04/2013 on Buyback
 of Shares Issued by Issuers or Public Companies in Significantly Fluctuating Market Conditions
 (which has been revoked and replaced by OJK Regulation No. 13 of 2023 on Policies for
 Maintaining Capital Market Performance and Stability in Significantly Fluctuating Market
 Conditions).

 If the creditors of the Company have objections towards the Company's plan on Treasury Stocks
 Withdrawal, the creditors in concern may file such objection in writing within 60 (sixty) days
 from the date of this announcement along with the cause of objection to the Company at the
 following address:

                                    PT BANK BTPN Tbk

                        Menara BTPN, 29 floor, CBD Mega Kuningan
                      Jl. Dr. Ide Anak Agung Gde Agung, Kav 5.5 – 5.6
                                     South Jakarta 12950
                                 Telephone: +62 21 30026200
                           E-mail: corporate.secretary@btpn.com
                                   Attn: Corporate Secretary

and with a copy to the Minister of Law and Human Rights as provided in Article 45 paragraph
(1) of Law No. 40 of 2007 on Limited Liability Companies as partially amended by Law No. 6
of 2023 on Stipulation of Government Regulation In Lieu Of Law No. 2 of 2022 on the Job
Creation to Become a Law ("Company Law").

This announcement is made to comply with Article 44 of the Company Law.


Jakarta, 8 December 2023
The Board of Directors of PT Bank BTPN Tbk
Page 2
The Jakarta Post                                                                                   HEADLINES                                                                                                               FRIDAY December 8, 2023                                3



Lawsuit says Meta exposes
children to exploitation                                                       US Senate blocks Ukraine, Israel
    Agence France-Presse

San Francisco, United States
                                       related to masturbation, nudity,
                                       bondage and fetishism.
                                          “Child exploitation is a horrif-
                                                                               aid in row over immigration
The United States state of
New Mexico filed a lawsuit on
                                       ic crime and online predators are
                                       determined criminals,” a Meta
                                                                               White House request for $106 billion in emergency aid
Wednesday accusing Facebook            spokesperson said in response to
and Instagram of being a “breed-       an AFP inquiry.
ing ground” for predators who             Meta’s fight against predators                Danny Kemp
target children.                       includes using sophisticated tech-            and Frankie Taggart
   The new suit comes less than        nology, employing child safety
two months after dozens of US          experts, reporting content to the       Agence France-Presse/Washington
states accused Facebook and In-        National Center for Missing and         Republican senators blocked a
stagram owner Meta of profiting        Exploited Children, and sharing         White House request for US$106
“from children’s pain”, damag-         information with other companies        billion in emergency aid primar-
ing their mental health and mis-       and law enforcement agencies, the       ily for Ukraine and Israel Wednes-
leading people about the safety        spokesperson added.                     day as conservatives balked at the
of its platforms.                         Meta disabled more than              exclusion of immigration reforms
   In total more than 40 states        500,000 accounts in August              they had demanded as part of
are suing Meta, though some            alone for violating its child safe-     the package.
opted to file in local courts rather   ty policies, according to a task            The vote marked a significant
than join in the federal case.         force at the company dedicated          defeat for President Joe Biden,
   “Our investigation into Me-         to the effort.                          who had warned Congress earlier
ta’s social media platforms dem-          Child victims of abuse online        in the day that Russian President
onstrates that they are not safe       are a hot-button issue for regula-      Vladimir Putin would not stop
spaces for children but rather         tors and tech companies are ea-         with victory in Ukraine and could
prime locations for predators to       ger to show they are taking ad-         even attack a NATO nation.
trade child pornography and so-        equate measures to protect kids             The package would include
licit minors for sex,” New Mexico      and teens.                              roughly $60 billion to help
attorney general Raul Torrez said         Big tech companies, includ-          Ukraine keep up pressure on
in a statement.                        ing Meta and Google, said last          Russia during the frigid win-
   Children can easily evade           month they would team up                ter months and around $10 bil-
Facebook and Instagram age             in a new program to fight on-           lion for Israel in its conflict with
constraints by lying about how         line child sexual abuse or              Hamas militants, plus some aid
old they are, the suit charged,        exploitation.                           for Taiwan.
detailing examples.                       In the new program, called               Chuck Schumer, the Demo-
   Once on the social networks,        Lantern, companies will share           cratic Senate leader, had com-                                                                                                                                                 AFP/Mandel Ngan
children are targeted by Meta          signs of activity that violate their    mitted to holding a vote later          Funding for Ukraine: United States President Joe Biden arrives on Wednesday to deliver remarks
software that not only strives to      policies on child exploitation so       on adding the border security           urging Congress to pass his national security supplement request, which includes funding to support
keep them engaged but directs          that platforms can move more            measures demanded by Repub-             Ukraine, in the Roosevelt Room of the White House in Washington, DC.
inappropriate material their way,      quickly to detect, take down and        licans in a bid to secure the 60
according to the filing.               report problematic content.             votes needed to get it over its first   of money for more Ukraine aid in                    of Seven nations to discuss how to                   changes to border policy.
   “Facebook and Instagram are            The announcement of Lan-             procedural hurdle.                      weeks unless lawmakers act.                         shore up western aid for Kyiv.                          The Louisiana Republican has
a breeding ground for preda-           tern came on the same day that a            But the 49-strong Republi-             The president has been un-                          Zelensky warned the leaders                       also declared that any Israel aid
tors who target children for hu-       former Meta senior engineer told        can minority in the 100-member          der pressure from progressives                      that Moscow was counting on                          needs to be offset with spend-
man trafficking, the distribution      a Senate hearing in Washington          upper chamber voted en masse            to reject sweeping conserva-                        western unity to “collapse” next                     ing cuts, a policy Democrats, the
of sexual images, grooming, and        that top executives, including          against moving forward, pointing        tive demands on immigration,                        year and said Russia had ramped                      White House and most Senate
solicitation,” the suit argued.        Mark Zuckerberg, ignored his            to a lack of government action on       which they say are akin to clos-                    up pressure on the front lines of                    Republicans oppose.
   The complaint cited the ex-         warnings that teens were unsafe         the estimated 10,000 migrants           ing the border, but he vowed                        the war.                                                Centrist Democrat Joe Man-
ample of a 12-year-old who             on the company’s platforms.             crossing from Mexico daily.             in an impassioned televised                            But the precarious prospects                      chin, often a thorn in the side of
opened a Facebook account by              Zuckerberg is named as a                 “Everyone has been very, very       address he would accept “signifi-                   for the aid package had been                         the White House, voiced support
giving a bogus birthdate and was       defendant in the suit filed by          clear on this to say we’re standing     cant compromise”.                                   clear since a classified Ukraine                     for the security package, but only
quickly recommended content            New Mexico.                             firm. Now is the moment,” Sena-                                                             briefing for senators Tuesday that                   because of Schumer’s pledge that
                                                                               tor James Lankford, a lead Re-          ‘This cannot wait’                                  saw several Republicans walk out,                    amendments on border security
                                                                               publican negotiator on immigra-            “This cannot wait. Frankly,                      angry that there was no talk of                      could be added later.
                                                                               tion and border issues, told Fox        I think it’s stunning that we’ve                    border security.                                        “In the greatest country on
                                                                               Business ahead of the vote.             gotten to this point in the first                      Zelensky had been due to ad-                      Earth, we do not have to choose
Australia, Papua New Guinea                                                        “We’re completely out of con-
                                                                               trol at the southern border, and
                                                                                                                       place, where Republicans in Con-
                                                                                                                       gress are willing to give Putin the
                                                                                                                                                                           dress the meeting via videolink
                                                                                                                                                                           but canceled at the last minute.
                                                                                                                                                                                                                                between protecting our homeland
                                                                                                                                                                                                                                and defending our allies,” he said.

announce security deal                                                         it’s time to resolve this.”
                                                                                   Biden has led the global coali-
                                                                                                                       greatest gift he could hope for,”
                                                                                                                       Biden said.
                                                                                                                                                                              In the Republican-led House,
                                                                                                                                                                           Speaker Mike Johnson, who voted
                                                                                                                                                                                                                                   The State Department sepa-
                                                                                                                                                                                                                                rately announced a stopgap $175
                                                                               tion backing Kyiv, but support has         The Democratic leader was                        against aid to Kyiv before he took                   million tranche of new aid for
                                                                               been waning among Republicans           speaking after a video summit with                  on this job, has made clear he will                  Ukraine on Wednesday, including
          Steven Trask                    “That’s why it has taken until       in Congress, and the administra-        Ukrainian President Volodymyr                       not agree to sending any more                        prized HIMARS rockets, shells,
                                       now, because of the political cap-      tion has warned that it will run out    Zelensky and the leaders of Group                   money without “transformative”                       missiles and ammunition.
Agence France-Presse/Sydney,           ital Marape used on the Ameri-
Australia                              can agreement,” he told AFP.
Australia clinched a security             “He couldn’t do a deal with
deal with Papua New Guinea on          Australia at the same time.”
Thursday, bolstering ties with a
Pacific state that has been court-
                                          Marape and Albanese said
                                       earlier this year they were put-        ‘Unabated’, a word to split the world at COP28
ed persistently by China.              ting the finishing touches on a
   Canberra pushed for a more          major bilateral security treaty.
substantive treaty earlier this           But that agreement, which                   Imran Marashli
year, but Papua New Guinea             they had hoped to sign in June,              and Kelly Macnamara                   Carbon capture and storage (CCS)
balked because leaders feared          started unraveling in the closing                                                  Underground storage of some of the CO2 emitted by industries avoids it being released in the atmosphere
it undermined the country’s            stages of negotiations.                 Agence France-Presse/Paris
“sovereign rights”.                       By July, Marape was voicing          The outcome of the most impor-             INDUSTRIAL CENTRE                                                                                            TERMINAL
   Allies Australia and the Unit-      concerns that unspecified claus-        tant climate negotiations in years          1                                                         3                                                 4
ed States have been on a dip-          es encroached on his country’s          could rest on the ambiguity sur-           Filtration                                                Transport                                          Offshore platform
lomatic blitz to shore up their        “sovereign rights”.                     rounding one linchpin term, ac-            Capture of CO2                                            of CO2                                             Example: Project Greensand,
relationships in the South                Thursday’s revised agreement         cording to experts: “Unabated              from factory                                              in boats                                           in the North Sea
Pacific region.                        includes more training for Papua        fossil fuels.”                             smokestacks
   They were jolted into action in     New Guinea’s police, resourc-              With the world experiencing its
April last year when Solomon Is-       es for the country’s judges, and        hottest year on record and devas-
lands, Papua New Guinea’s east-        measures to tackle gender-based         tating heat, wildfires and flooding                                                                                                                                      Hundreds to
ern neighbor, signed a secretive       violence.                               battering communities across the                                                                                                                                         thousands of
                                                                                                                                              2                                                                                                         metres
security pact with China.                 It also covers climate change,       planet, negotiators at the COP28                                                                                       Pipeline
                                                                                                                                                                                                                                                        in depth
   Australia’s salvaged agree-         cyber security and disaster relief.     talks must hammer out a response                               Liquefaction
ment focuses on Papua New                 Perched less than 200 kilome-        to a United Nations assessment                                 of stored CO2                                                                             Geological
Guinea’s domestic security, as         ters from Australia’s northern-         that countries are far from meet-                                                                                                                        cavity
stretched police struggle to con-      most border, Papua New Guinea           ing their climate targets.                                                                                                                               Example: empty
                                                                                                                                                                                                                                        oil field
tain arms trafficking, drug smug-      is the largest and most populous           Ditching coal, oil and gas for
gling and tribal violence.             state in Melanesia.                     cleaner energies is essential if the
   Papua New Guinea Prime                 It is blessed with vast depos-       world is to meet its goal of limiting                                                                                                    5 Storage of CO2 in rock
Minister James Marape said the         its of gas, gold, and minerals, and     global warming and avoiding the                                                                                                            Remineralisation in about 2 years
deal covered a “broad spectrum         peers over some of the Pacific re-      most catastrophic climate impacts.         Srouces: European Environment Agency, Project Greensand, Global CCS Institute
of security”, including policing       gion’s busiest shipping lanes.             Among the menu of hotly con-
and support for the country’s             “Because of its size, popula-        tested options negotiators have
legal system.                          tion, and geography it’s always         picked over this week include an        Jaber, who also leads the UAE’s                  tries, including France, Kenya and                       There are also concerns that
   Australian Premier Anthony          going to be a logical anchor point      agreement to accelerate “efforts to-    national oil company ADNOC,                      Colombia, said abatement tech-                         the technology will not stop
Albanese said it would promote         for a Pacific policy,” said Graham.     wards phasing out unabated fossil       has said climate diplomacy                       nology has a “minimal” role to                         enough emissions from reaching
“regional stability” in the Pacific.                                           fuels” and to cut their use to reach    should focus on phasing out                      play in decarbonizing energy.                          the atmosphere.
   Papua New Guinea granted            China’s deep links                      net-zero by around mid-century.         emissions, not necessarily the                      “We cannot use it to green-light
the US “unimpeded” access to              Australia scored a major stra-          There is also an option of a         fossil fuels themselves.                         fossil fuel expansion,” they said.                                                Op-Ed page 6, 7
key naval bases, ports and air-        tegic win last month when it un-        “rapid phase out of unabated coal          His stance clashes with na-
fields under a deal hammered           veiled a landmark agreement             power” this decade.                     tions seeking a commitment to
out in May this year.                  with climate-threatened Pacific            The problem, experts say, is         phasing out oil, gas and coal al-
   But there was a swift political     nation Tuvalu.                          in specifying what this actually        together, such as Pacific island
backlash, with opponents con-             That deal gives Australia a          means.                                  nations that could be swallowed
cerned the former British colony       say in Tuvalu’s future defense             “Terms like unabated, they           by rising seas.
was yielding too much influence        agreements, effectively block-          have no clear meaning at the mo-           In the near-term, the IPCC
to foreign powers.                     ing China from striking up a            ment,” Lisa Fischer, an analyst         says greenhouse gas emissions
                                       similar pact.                           with the think tank E3G said at a       need to be slashed almost in
                                                                                                                                                                                                          PT BANK BTPN Tbk (the “Company”)
Political backlash                        Papua New Guinea has been            briefing this week.                     half this decade to meet the
                                                                                                                                                                                                               Domiciled in South Jakarta
   Australian Strategic Policy         treading a more delicate path,             Abated is generally understood       Paris deal’s more ambitious,
Institute analyst Euan Graham          eager to deal with Canberra and         as capturing emissions before           and safer, limit of 1.5-degree                                                  ANNOUNCEMENT ON
said the backlash had ultimately       Washington without needlessly           they go into the atmosphere.            Celsius warming.                                                           TREASURY STOCKS WITHDRAWAL
damaged Canberra’s efforts.            provoking Beijing.                         A footnote in the most re-              That means rapidly replac-
                                                                                                                                                                            The Board of Directors of the Company hereby announces that based on Extraordinary General
                                                                               cent benchmark report of the UN         ing fossil fuels with renew-                         Meeting of Shareholders that was held on 7 December 2023, in relation to the treasury stocks
                                                                               IPCC scientific advisory body said      ables, say experts, noting that                      withdrawal (“Treasury Stocks Withdrawal”), shareholders of the Company have approved the
                                                                               unabated fossil fuels are those         CCS has little role to play in this                  proposed withdrawal of 92,292,198 treasury stock and therefore to amend the article 4 paragraph
                                                                                                                                                                            (2) of the Company’s Articles of Association.
                                                                               “without interventions that sub-        crucial decade.
                                                                               stantially reduce” greenhouse gas          In 2022, 35 commercial-                           Treasury Stocks withdrawal is conducted to comply with the requirements as set out in Otoritas Jasa
                                                                                                                                                                            Keuangan (Financial Services Authority - “OJK”) Regulation No. 2/POJK.04/2013 on Buyback of
                                                                               emissions.                              scale facilities worldwide ap-                       6KDUHV,VVXHGE\,VVXHUVRU3XEOLF&RPSDQLHVLQ6LJQL¿FDQWO\)OXFWXDWLQJ0DUNHW&RQGLWLRQV ZKLFK
                                                                                  That can include capturing at        plying CCS isolated a total of                       has been revoked and replaced by OJK Regulation No. 13 of 2023 on Policies for Maintaining
                                                                               least 90 percent of carbon diox-        45 million tonnes of CO2, ac-                        &DSLWDO0DUNHW3HUIRUPDQFHDQG6WDELOLW\LQ6LJQL¿FDQWO\)OXFWXDWLQJ0DUNHW&RQGLWLRQV 
                                                                               ide from power plants, or up to 80      cording to the International                         If the creditors of the Company have objections towards the Company’s plan on Treasury Stocks
                                                                                                                                                                            :LWKGUDZDOWKHFUHGLWRUVLQFRQFHUQPD\¿OHVXFKREMHFWLRQLQZULWLQJZLWKLQ VL[W\ GD\VIURP
                                                                               percent of the methane that leaks       Energy Agency.                                       the date of this announcement along with the cause of objection to the Company at the following
                                                                               during energy production and               By comparison, Jaber has                          address:
                                                                               transport, the report suggested.        said the world needs to cut                                                                  PT BANK BTPN Tbk
                                                                                  Discussions of abatement             emissions amounting to 22 bil-                                                  0HQDUD%731ÀRRU&%'0HJD.XQLQJDQ
                                                                               largely center around Carbon            lion tonnes of greenhouse gas-                                                -O'U,GH$QDN$JXQJ*GH$JXQJ.DY±
                                                                                                                                                                                                                    South Jakarta 12950
                                                                               Capture and Storage (CCS) tech-         ses “in the next seven years”.                                                           7HOHSKRQH
                                                                               nologies that trap emissions               Even in the longer term, sci-                                                    E-mail: corporate.secretary@btpn.com
                                                                               from power stations or industrial       entists project there will be                                                              Attn: Corporate Secretary
                                                        AFP/Hilary Wardhaugh   facilities.                             only limited use of abatement                        and with a copy to the Minister of Law and Human Rights as provided in Article 45 paragraph (1) of
                                                                                                                                                                            /DZ1RRIRQ/LPLWHG/LDELOLW\&RPSDQLHVDVSDUWLDOO\DPHQGHGE\/DZ1RRIRQ
Containing China: Papua New Guinea’s Prime Minister James                         This is touted by the fos-           technology, focused in sectors                       Stipulation of Government Regulation In Lieu Of Law No. 2 of 2022 on the Job Creation to Become
Marape (right) shakes hands with Australia’s Prime Minister                    sil fuel industry and major pro-        that are particularly hard to de-                    a Law (“Company Law”).
Anthony Albanese in Parliament House in Canberra on Thurs-                     ducing countries, including oil-        carbonize, like cement.                              This announcement is made to comply with Article 44 of the Company Law.
day. Australia has signed a security deal with Papua New Guinea,               rich COP28 host the United Arab            In a statement released be-
                                                                                                                                                                                                              Jakarta, 8 December 2023
bolstering ties to a key Pacific neighbor that has been courted                 Emirates (UAE).                         fore the climate talks, the High                                              The Board of Directors of PT Bank BTPN Tbk
persistently by China.                                                            COP28 president Sultan Al            Ambition Coalition of coun-

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