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PT Ashmore Asset Management Indonesia Tbk
27 September 2023


DISCLOSURE OF INFORMATION

PT Ashmore Asset Management Indonesia Tbk (the “Company” or “Ashmore”) announces the partial disposal of its
equity stake in Buka Investasi Digital (“BID”) on 14 September 2023 (the “Transaction). Through the Transaction,
Ashmore has disposed of 87,709 BID shares, equivalent to approximately 17% of the share capital of BID, to Bukalapak,
one of the leading home-grown e-commerce companies in Indonesia, for Rp50 billion, which results in a Rp7 billion gain
on investment. Following the Transaction, Ashmore will remain a 3% shareholder in BID and Bukalapak will own 97% of
BID (previously 80%). Ashmore plans to use the proceeds of the sale to support the ongoing development of its product
range and to invest further in enhancing its distribution capabilities.

Ashmore originally acquired a 20% stake in Buka Investasi Bersama (“BIB”) in December 2020 for Rp50 billion to expand
its distribution reach through digital channels. In March 2022, Ashmore and Bukalapak established a new holding
company, BID, and Ashmore’s equity holding in BIB was transferred to the new company. This investment enabled
Ashmore to expand its knowledge of digital distribution channels focused on the retail market and facilitated BID’s
strategy to provide an "all in one" investment platform for all client segments, including individuals and institutions.

The partnership has delivered upon its objectives for both parties and the partial sale enables Ashmore to continue to
invest in the rapidly evolving use of technology in financial services. Ashmore’s ongoing relationship with BID will support
BID’s development in the Indonesian investment market, while allowing Ashmore to continue to distribute funds through
the BID platform and facilitating Ashmore’s commitment to using technology to enhance its operating platform and
enabling it to develop other projects to broaden its distribution capabilities.

Indonesia’s investment and mutual fund industry has significant growth potential, underpinned by an expanding
domestic economy, and Ashmore is well positioned to capitalise on this opportunity and to create long-term value for its
shareholders.



KETERBUKAAN INFORMASI
PT Ashmore Asset Management Indonesia Tbk (“Perusahaan” atau “Ashmore”) mengumumkan pelepasan sebagian
besar kepemilikan sahamnya di Buka Investasi Digital (“BID”) pada 14 September 2023 (“Transaksi”). Melalui transaksi
tersebut, Ashmore menjual 87.709 saham BID atau setara 17% modal saham BID kepada Bukalapak, salah satu
perusahaan e-commerce lokal terkemuka di Indonesia, seharga Rp50 miliar sehingga menghasilkan keuntungan investasi
sebesar Rp7 miliar. Akibat transaksi tersebut, Ashmore akan tetap menjadi pemegang 3% saham BID dan Bukalapak akan
memiliki 97% saham BID (sebelumnya 80%). Ashmore berencana menggunakan hasil penjualan untuk mendukung
pengembangan rangkaian produknya dan berinvestasi lebih lanjut dalam meningkatkan kemampuan distribusinya.

Ashmore mengakuisisi 20% saham Buka Investasi Bersama (“BIB”) pada Desember 2020 senilai Rp50 miliar, untuk
memperluas jangkauan distribusi melalui saluran digital. Pada bulan Maret 2022, Ashmore dan Bukalapak mendirikan
perusahaan induk baru, BID, dan kepemilikan ekuitas Ashmore di BIB dialihkan ke perusahaan baru tersebut. Investasi ini
memungkinkan Ashmore untuk memperluas pengetahuannya tentang saluran distribusi digital yang berfokus pada pasar
ritel dan memfasilitasi strategi BID untuk menyediakan platform investasi "all in one" untuk semua segmen klien,
termasuk individu dan institusi.

Kemitraan ini telah mencapai tujuannya bagi kedua belah pihak dan pelepasan sebagian saham memungkinkan Ashmore
untuk terus berinvestasi dalam penggunaan teknologi yang berkembang pesat dalam layanan keuangan. Hubungan
berkelanjutan Ashmore dengan BID akan mendukung perkembangan BID di pasar investasi Indonesia, sekaligus
memungkinkan Ashmore untuk terus mendistribusikan produk melalui platform BID dan memfasilitasi komitmen
Ashmore dalam menggunakan teknologi untuk meningkatkan platform operasinya dan memungkinkannya
mengembangkan proyek lain untuk memperluas kemampuan distribusinya.
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Industri investasi dan reksa dana di Indonesia memiliki potensi pertumbuhan yang signifikan, didukung oleh
perekonomian domestik yang berkembang, dan Ashmore berada pada posisi yang tepat untuk memanfaatkan peluang ini
dan menciptakan nilai jangka panjang bagi para pemegang sahamnya.

Contacts
For further information please contact:

PT Ashmore Asset Management Indonesia Tbk
 Arief Wana, Director                       cosec.indonesia@Ashmoregroup.com
 Lydia Toisuta, CFO

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