20260324_LPPF_Pemanggilan RUPS_32054902_lamp1.pdf

b.   Agenda of the EGMS
     1. Approval of the reduction of the Company’s issued and paid-up capital; and
     2. Approval of the amendment to the Company’s Articles of Association.

     With the following explanation of the EGMS agenda:
     1. In respect of the 1st EGMS Agenda, the Company plans to transfer the shares resulting
        from the share buyback through a capital reduction by way of withdrawal of such
        shares from the Company’s issued and paid-up capital, in accordance with the
        Company Law and the prevailing Financial Services Authority regulations.
     2. In respect of the 2nd EGMS Agenda, the Company proposes to amend the Company’s
        Articles of Association as follows:
        a. Change of the Company’s name, as part of the alignment with the Company’s
             business strategy, strengthening of the Company’s corporate identity, and
             alignment with the direction of the Company’s future business development; and
        b. Amendment to the duties and authorities of the Board of Directors, where the
             Company deems it necessary to adjust the allocation of duties and authorities of
             the Board of Directors to ensure the effective performance of the Company’s
             management functions and alignment with the Company’s operational needs and
             corporate governance.

Notes:

1.   In connection with the execution of the Meeting, the Company will not send separate
     invitations to each of the Company's Shareholders, and therefore, this invitation serves as
     the official and valid invitation for all of the Company's Shareholders. Additionally, this
     Invitation is available on the Company's website https://www.matahari.com/corporate/,
     IDX website, and KSEI website.

2.   Shareholders entitled to attend the Meeting may: (i) vote at the Meeting electronically
     through the eASY.KSEI digital platform (https://easy.ksei.co.id) or (ii) authorize
     representative of PT Sharestar Indonesia, the Company's Share Registrar, who was
     appointed as an independent party, either through the e-proxy mechanism provided by
     KSEI or by submitting the Power of Attorney form available for download on the Company's
     website. Detailed provisions for granting power of attorney are further explained below.
     Guidelines for using the eASY.KSEI facility can be accessed via the following link:
     https://www.ksei.co.id/data/download-data-and-user-guide.

3.   To participate in Meeting electronically, Shareholders can access the website
     https://akses.ksei.co.id and follow the procedures and guidelines for using the AKSes.KSEI
     facility set out therein.

4.   To attend the Meeting physically, the Company urges shareholders to confirm their
     physical attendance in advance via email to ir@matahari.com no later than 2 working
     days before the Meeting date.

5.   Those entitled to attend or be represented by the valid Power of Attorney at the Meeting
     are:
     a. For shares of the Company that have not been registered in the Collective Custody of
         PT Kustodian Sentral Efek Indonesia (“KSEI”), whose names are recorded in the Register
         of Shareholders of the Company on March 17, 2026 at the latest up to 16:00 Western
         Indonesia Time (“WIB”) made by PT Sharestar Indonesia as the Company's Securities
         Administration Bureau located in Jakarta and having its address at Sopo Del Office
         Towers & Lifestyle Tower B, 18th Floor, Jl. Mega Kuningan Barat III, Lot 10. 1-6 Kawasan
         Mega Kuningan, Jakarta 12950; and
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     b. For shares of the Company that are in the KSEI Collective Custody or at a Custodian
        Bank ("BK") or at a Securities Company ("PE"), only the legitimate account holders
        whose names are registered as shareholders of the Company in securities account of
        KSEI or BK or PE and in the Register of Shareholders of the Company as on March 17,
        2026 at 16:00 WIB.

6.   The submission of the power of attorney to the authorized proxies should include any
     questions from shareholders or statements related to the Meeting agenda (if applicable).

7.   Meeting Materials can be downloaded directly from the Company's website and eASY.KSEI
     platform from the date of this invitation until the date of the Meeting.

Power of Attorney

Shareholders who will attend, cast their votes and submit questions at the Meeting by granting
power of attorney shall refer to the following provisions:

1.   The Company provides 2 (two) types of power of attorney to the Shareholders, namely
     (i) Conventional Power of Attorney which can be downloaded through the Company's
     website, and (ii) through e-Proxy which can be accessed electronically on the platform
     eASY.KSEI through (https://easy.ksei.co.id).

     a. A conventional Power of Attorney is a form that includes voting instructions and
        questions for each agenda item. Shareholders must complete and sign The Power of
        Attorney form along with any required supporting documents, and submit them to the
        Company no later than April 13, 2026 at 16.00 WIB via email to ir@matahari.com. The
        power of attorney shall be granted to PT Sharestar Indonesia, the Company’s Share
        Registrar, as an independent party appointed by the Company. Shareholders are
        requested to include their ID cards or other forms of identification with each Power of
        Attorney submission.

        Information regarding the independent proxy appointed by the Company can be
        obtained through the Company's website.

     b. The E-Proxy system, accessible through eASY.KSEI is provided by KSEI to enable scripless
        shareholders whose shares are held in KSEI Collective Custody to electronically
        delegate proxies. The Proxy available at eASY.KSEI is an independent party appointed
        by the Company. Power of attorney based on e-proxy can be submitted via the
        eASY.KSEI website at the following link (https://easy.ksei.co.id) no later than April 14,
        2026 at 12:00 WIB.

2.   Shareholder's Representative or Proxy in the form of legal entities ("Legal Entity
     Shareholders") must submit:

     a. Photocopy of Legal Entity Shareholders' statutes which are in force at the time the
        Meeting is held; and
     b. Photocopy of the deed of appointment of members of the board of directors that is
        valid at the time of the Meeting, along with the evidence of notification and
        registration to the relevant authority, including but not limited to notification to the
        Minister of the Law and Human Rights of the Republic of Indonesia;

     to the Company via email to ir@matahari.com no later than April 13, 2026 at 16:00 WIB.




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3.   Only validated Power of Attorneys, confirming the status of the holder as a shareholder of
     the Company, enable attendance at the Meeting and count towards the quorum for
     decision-making.

                                      Jakarta, March 24, 2026
                                  PT Matahari Department Store Tbk
                                         Board of Directors




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