20260330_PGEO_Pemanggilan RUPS_32055794_lamp2.pdf

Brief Explanation of Meeting Agenda


Agenda 1 :​      Approval and Ratification of the Annual Report including the Company's Consolidated Financial
                 Report and the Supervisory Report of the Board of Commissioners for the financial year ended 31
                 December 2025, including the granting of full release and discharge (volledig acquit et de charge) to
                 the Board of Directors and the Board of Commissioners of the Company.

                 Pursuant to Article 66 paragraph (1) and Article 69 paragraph (1) of Law No. 40 of 2007 on Limited
                 Liability Companies (“Company Law”); and Article 9 paragraph (4) letters a and b of the Company’s
                 Articles of Association, the Annual Report requires the approval of the General Meeting of
                 Shareholders (GMS), including the Supervisory Board’s Report and the Financial Statements, which
                 require the ratification of the GMS.

Agenda 2 : ​     Approval of the appropriation of the Company’s net profit for the financial year 2025.

                 Pursuant to Articles 70 and 71 paragraph (1) of the Company Law; and Article 9 paragraph (4) letter
                 c jo. Article 22 of the Company’s Articles of Association, which stipulate that the determination of
                 the use of net profit is decided at the General Meeting of Shareholders.

Agenda 3 :​      Approval of the determination of remuneration, allowances, and other benefits for the financial year
                 2026, as well as performance bonuses (tantiem) for the financial year 2025 for the Board of
                 Directors and the Board of Commissioners of the Company.

                 Pursuant to Articles 96 and 113 of the Company Law; Minister of State-Owned Enterprises
                 Regulation No. PER-04/MBU/2014 on Guidelines for Determining the Compensation of the Board of
                 Directors, Board of Commissioners, and Supervisory Board of State-Owned Enterprises, as last
                 amended by Minister of State-Owned Enterprises Regulation No. PER-13/MBU/09/2021; and
                 Article 14 paragraph (16) and Article 18 paragraph (4) letter C.XIII of the Company’s Articles of
                 Association, which state that (i) the amount of salaries and allowances for members of the Board of
                 Directors is determined by a resolution of the General Meeting of Shareholders and may be
                 delegated to the Board of Commissioners, and (ii) the granting of salaries, honoraria, and
                 allowances for the Board of Commissioners is determined by the General Meeting of Shareholders.

Agenda 4 :​    Approval of the Appointment of a Public Accountant Firm to conduct the audit of the Company’s
               Financial Statement for the Financial Year 2026.

               Pursuant to Article 59 of Financial Services Authority Regulation No. 15/POJK.04/2020 on the
               Planning and Conduct of General Meetings of Shareholders of Public Companies ("POJK 15/2020");
               Article 3 of Financial Services Authority Regulation No. 9 of 2023 concerning the Use of Public
               Accountants and Public Accounting Firms in Financial Services Activities ("POJK 9/2023"); and
               Article 9 paragraph (4) letter d of the Company’s Articles of Association states that the appointment
               of a registered Public Accounting Firm for to audit the Financial Statements requires the approval of
               the General Meeting of Shareholders.

Agenda 5 :​    Report on the realization of the use of proceeds from the Company’s Initial Public Offering (IPO).

               Pursuant to Articles 6 and 7 of Financial Services Authority Regulation No. 30/POJK.04/2015
               regarding the Report on the Realisation of the Use of Proceeds from a Public Offering.


Agenda 6 : ​   Approval of changes to the use of proceeds from the Company’s IPO.


               Pursuant to Article 9 of Financial Services Authority Regulation No. 30/POJK.04/2015 on Report on
               the Realisation of the Use of Proceeds from a Public Offering, any change in the use of proceeds
               from a Public Offering must first be approved by the General Meeting of Shareholders.

Agenda 7 : ​   Report on the implementation of the Management and Employee Stock Option Program (MESOP)
               and approval to grant authority to the Board of Commissioners to increase the Company’s issued
               and paid-up capital in connection with the implementation of the MESOP.

               Pursuant to POJK No. 38/POJK.04/2014, regarding Capital Increases in Public Companies Without
               Preemptive Rights; Circular Letter of the Board of Directors of PT Bursa Efek Indonesia No.
               SE-00002/BEI/03-2020 regarding Procedures for Implementing Share Ownership Programs dated
               March 2, 2020; Announcement of PT Bursa Efek Indonesia No. Peng-P-00475/BEI.PP3/05-2023
               regarding the Listing of Equity Securities and Pre-Listing of Shares of PT Pertamina Geothermal
               Energy Tbk dated May 23, 2023; Company Letter No. 062/PGE500/2026-S0 regarding Disclosure of
               Information in Connection with the Planned Implementation of the Management and Employee
               Stock Option Program (MESOP) (Fifth Exercise), Phase II (Fourth Exercise), and Phase III (Second
               Exercise) of PT Pertamina Geothermal Energy Tbk dated February 13, 2026; and Statement Letter of
               PT Datindo Entrycom No. DE/X/2025-2887 as the Company’s Securities Administration Bureau
               regarding the Issuance of New Shares Resulting from the Exercise of MESOP Options I, II, and III as
               of October 3, 2025.

Agenda 8 :​       Approval of Amendments to the Company’s Articles of Association.

                  Pursuant to Article 19 of the Company Law regarding amendments to the articles of association
                  approved by the General Meeting of Shareholders; and Article 12 of the Company’s Articles of
                  Association regarding Amendments to the Articles of Association, which stipulates that
                  amendments to the Articles of Association require approval at the General Meeting of Shareholders,
                  and the provisions of Financial Services Authority Regulation No. 17/POJK.04/2020 on Material
                  Transactions and Changes in Business Activities, under which the Company is required to obtain
                  the General Meeting of Shareholders’ approval for Changes in Business Activities, including the
                  presentation of a Feasibility Study.

Agenda 9 :​       Approval of Changes in the Company’s Management

                  Pursuant to Articles 14 and 18 of the Company’s Articles of Association; Article 3 jo. Article 22 of
                  Financial Services Authority Regulation No. 33/POJK.04/2014 on the Board of Directors and Board
                  of Commissioners of Issuers or Public Companies, the Board of Directors and/or Board of
                  Commissioners are appointed and removed by the General Meeting of Shareholders.


Note


    1.​ The Company is not sending separate invitations to the Shareholders, as this Invitation constitutes an
        official invitation in accordance with the provisions of Article 17 paragraph (1) in conjunction with Article 52
        paragraph (1) of OJK Regulation No. 15/POJK.04/2020 on the Planning and Conduct of General Meetings of
        Shareholders of Public Companies (hereinafter referred to as “POJK GMS”), Article 6 of POJK No. 14 of
        2025 regarding the Conduct of General Meetings of Shareholders, General Meetings of Bondholders, and
        General Meetings of Sukuk Holders Electronically (hereinafter referred to as “POJK e-GMS”), and Articles
        10 paragraph (2) and (5) of the Company’s Articles of Association. This invitation is also available on the
        Company’s website (www.pge.pertamina.com), the website of PT Bursa Efek Indonesia (http://idx.co.id),
        and the eASY.KSEI application (https://akses.ksei.co.id).
    2.​ Every Shareholder entitled to attend the Meeting is a Shareholder of the Company whose name is recorded
        in the Company’s Shareholder Register or who holds a securities account balance in the Collective Custody
        of PT Kustodian Sentral Efek Indonesia (hereinafter referred to as “KSEI”) at the close of trading on the
        Stock Exchange 1 (one) business day prior to the Invitation of the Meeting, namely on Friday, March 27,
        2026, at 16.00 WIB.
    3.​ The Company provides Meeting materials that can be downloaded from the Company’s website as of the
        date of this Invitation.
    4.​ Shareholders may participate in the Meeting through the following mechanisms:
              a.​ Attend the Meeting physicially;
              b.​ Attending the Meeting electronically via the eASY.KSEI application (https://akses.ksei.co.id/);
    5.​ Shareholders who may attend electronically, as mentioned in point 4 letter (b), are local individual
        shareholders whose shares are held in KSEI’s collective custody.
    6.​ The deadline for submitting a declaration of attendance or proxy and vote via the eASY.KSEI application is
        12.00 WIB on 1 (one) business day prior to the Meeting date, namely April 20, 2026.

    7.​  Shareholders or their proxies attending the Meeting in person are required to sign the attendance list by
         presenting their original Resident Identity Card (KTP) or other form of identification before entering the
         room.
    8.​ For shareholders attending electronically, their attendance and voting choices are submitted via the
         eASY.KSEI application. Shareholders whose shares are held in KSEI’s collective custody may also grant
         proxy to the Company’s Securities Administration Bureau, PT Datindo Entrycom, via the KSEI Electronic
         General Meeting System (eASY.KSEI) at the link https://akses.ksei.co.id/ as the mechanism for granting
         electronic proxy in the conduct of the Meeting.
    9.​ Shareholders who grant a proxy to attend the Meeting in person may download the proxy form available on
         the Company’s website and must submit a photocopy of the proxy grantor’s National Identity Card (KTP) or
         other form of identification and present the original National Identity Card (KTP) of the proxy holder to the
         Meeting Officer before entering the room. Shareholders that are legal entities are requested to bring a
         photocopy of the Company’s latest Articles of Association and the latest list of directors.
    10.​ Shareholders who are unable to attend the Meeting may be represented by a proxy, provided that members
         of the Board of Directors, the Board of Commissioners, and employees of the Company may not act as
         proxies for the Company’s Shareholders at this Meeting.
    11.​ Before deciding to participate in the Meeting, Shareholders are required to read the provisions set forth in
         this Invitation of Meeting as well as other provisions regarding the conduct of the Meeting in accordance
         with the authority established by the Company. Other provisions may be viewed in the attached documents
         under the “Meeting Info” feature on the eASY.KSEI application and/or in the Invitation of Meeting available
         on the Company’s website. The Company reserves the right to establish additional requirements regarding
         the participation of Shareholders or their proxies attending the Meeting in person.
    12.​ To facilitate the orderly conduct of the Meeting, Shareholders or their proxies attending the Meeting in
         person are expected to arrive at the venue no later than 30 minutes before the Meeting begins.
         Shareholders or their proxies who arrive after registration has closed will not be permitted to attend the
         Meeting.
    13.​ Shareholders are expected to first read the Meeting Rules of Conduct and the eASY.KSEI Guide, which
         have been available on the Company’s website (www.pge.pertamina.com) since the date of this Invitation.
    14.​ The Company may issue a further announcement in the event of any changes and/or additions to the
         information regarding the procedures for conducting the Meeting, in accordance with applicable laws and
         regulations.



Jakarta, March 30, 2026

PT Pertamina Geothermal Energy Tbk




The Board of Directors