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                                                                                     SIARAN PERS
                                                                               15 September 2023

   Matahari and APR Join Forces to Reduce Fashion Waste: Clothing
       Recycling Drop Box Now Available in Matahari Outlets
          'Daur Ulang Bajumu' program boxes are available at 46 Matahari outlets located across
                              Greater Jakarta, Medan, Surabaya, and Bandung
          Former clothing transformed into viscose material and fabric-based household products


As a commitment to contributing to the reduction of fashion waste in Indonesia, Matahari
('Company'; stock code: 'LPPF') launched the collaborative 'Daur Ulang Bajumu' program with
APR (Asia Pacific Rayon). APR is Indonesia’s producer of viscose rayon with a commitment to using
recycled materials up to 20% in its rayon fiber production by 2030.

As a leading fashion, footwear, beauty, and lifestyle retail company in Indonesia, Matahari is
taking a proactive approach to help consumers recycle their unused clothing through the "Daur
Ulang Bajumu" program where we provide clothing recycling bins at Matahari stores, making it
easy for our customers to participate.

Here's how it works: customers can bring their old clothing to any Matahari store, drop them into
the provided Drop Boxes, and, From September 1, 2023, to November 30, 2023, customers who
deposit their old clothes into the Drop Box will receive a Matahari shopping voucher in the form of
a 25% discount that can be redeemed for regular-priced products at Matahari. Currently, "Daur
Ulang Bajumu" drop boxes are available in 46 Matahari stores across Greater Jakarta, Medan,
Surabaya, Bandung, with more locations to follow.

APR will initially sort through the collected clothing items, recycling materials that meet specific
quality criteria to produce similar quality fibers suitable for clothing production. Meanwhile, other
fabric-based materials will be recycled by APR's designated partners for use in textile products like
cleaning cloths, travel mats, doormats, and various household items.

'Daur Ulang Bajumu' program aligns with APR's sustainability commitment as part of APR2030, in
which they pledge to use 20% recycled textile materials in their rayon fiber products by 2030. The
collaboration between Matahari and APR aligns perfectly with the sustainability commitments of
both companies to supporting sustainable fashion, where Matahari is dedicated to responsibly
utilizing natural resources, while APR is committed to minimizing waste and promoting circularity.

Terry O’Connor, CEO of Matahari, expressed, "We are proud to announce our collaboration with
APR (Asia Pacific Rayon) for the 'Daur Ulang Bajumu' program. As a prominent player in the fashion
and textile industry, this step is crucial in reducing fashion waste in Indonesia and aligns with our
company's sustainability efforts to contribute to a circular and environmentally friendly fashion
industry. We hope that our partnership with APR, a leading producer of viscose rayon, will further
complement Matahari's commitment to sustainability.”




                                                                                           Halaman 1 dari 3
 Menara Matahari Lantai 12,             T 62 21 547 5333
 Jl. Boulevard Palem Raya No. 7         E corp.comm@matahari.com
 Karawaci, Tangerang 15811, Indonesia   www.matahari.com
Page 2
Aligned with Matahari, APR envisions the ongoing collaboration with Matahari as a means to
continually support and bring to fruition a more circular and sustainable textile and fashion
industry. "We regard Matahari as the largest fashion retail company in Indonesia, sharing our
commitment and vision for sustainability. Through this partnership, our aspiration is to collectively
shape a more circular and sustainable fashion industry.” expressed Basrie Kamba, President
Director of APR.

The clothing recycling program with APR was initially piloted in November 2022. In its initial phase,
the program focused on the Denim Trade-In for the Nevada brand, conducted at three Matahari
stores. It received a positive response from the public, especially from consumers in major cities.

Recycling clothing is just one of many sustainable initiatives undertaken by Matahari. Previously,
the company initiated efforts to reduce plastic waste by offering paper bags, cassava bags, or
reusable bags as shopping bag alternatives. Additionally, the company also have introduced
clothing collections made from a blend of recycled plastic bottle waste.

Matahari and APR invite all consumers to participate in this program, helping reduce fashion
waste and contributing to a more sustainable future for our planet.

                                                       ###

About Matahari
Matahari is the largest retail platform in Indonesia, with 156 stores in 81 cities across Indonesia as well as
presence online on matahari.com, social commerce platform "Shop & Talk", and third-party marketplaces.
For over 60 years, Matahari has provided the growing Indonesian middle class with quality, fashionable and
affordable apparel, beauty and footwear products. Matahari employs around 30,000 employees (including
consignment SPGs) and partners with around 600 local as well as international suppliers.

The Company has received many industry recognitions – nationally and internationally – including TrenAsia’s
ESG Awards 2023, Fashion Retail of The Year 2023 by HIPPINDO, Top 100 Most Valuable Brand by Brand
Finance, Most Improved Investor Relations and Top 5 Best Senior Management IR Support in 2022 from Alpha
Southeast Asia, Top 10 CSR Donor from IDX, Best Non-Financial Sector and Top 10 Mid-Cap Issuers ASEAN
Corporate Governance Awards 2022, Top Digital Company & Best Excellent Service Experience Index Award
2022 from Marketing Magazine, Top 50 Most Valuable Brand Awards 2021 from Brand Finance Indonesia, Top
500 Retail Asia Pacific from Retail Asia, Euromonitor & KPMG; Brand Asia 2018 – Top 3 Most Powerful Retail
Brands in Indonesia from Nikkei BP Consulting, Inc. and WoW Brand Award 2019 – Gold Champion from
MarkPlus Inc. The Company also received the Netizen's Brand Choice Award 2018 from Warta Ekonomi. All
of these awards reaffirm the Company's position as one of the leading, most dynamic, and trusted
companies in Indonesia.

About APR
Asia Pacific Rayon is the first fully integrated viscose rayon producer in Asia, sourcing wood pulp from
sustainable plantation forests. Its state-of-the-art facility with a production capacity of 300,000 tons is located
in Pangkalan Kerinci, Riau. APR utilizes the latest production technology to create high-quality rayon for
textiles and personal hygiene products. Committed to being a leading viscose rayon producer, APR prioritizes
sustainability, transparency, and operational efficiency, serving the interests of society and the nation while
delivering value to its customers.




                                                                                                       Halaman 2 dari 3
 Menara Matahari Lantai 12,             T 62 21 547 5333
 Jl. Boulevard Palem Raya No. 7         E corp.comm@matahari.com
 Karawaci, Tangerang 15811, Indonesia   www.matahari.com
Page 3
For further information, please contact:
Corporate Communications / Investor Relations
Matahari
Tel: (62 21) 547 5228
E-mail: corp.comm@matahari.com, ir@matahari.com




This press release has been prepared by Matahari ("LPPF") and is circulated for the purpose of general information only. It is not intended for any specific person or
purpose and does not constitute a recommendation regarding the securities of LPPF. No warranty (expressed or implied) is made to the accuracy or completeness
of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. LPPF
disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part
of the contents of this press release and neither LPPF nor any of its affiliated companies and their respective employees and agents accepts liability for any errors,
omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements
Certain statements in this release are or may be forward- looking statements. These statements typically contain words such as "will", "expects" and "anticipates"
and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ
materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social, health and political
conditions in Indonesia; the state of the retail industry in Indonesia; prevailing market and operating conditions, raw material prices and Import restrictions;
competition from other companies; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental
and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and objectives of our
management for future operations;. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those
estimated, anticipated or projected. Although we believe that the expectations of our management as reflected by such forward-looking statements are
reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not
unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.




                                                                                                                                                         Halaman 3 dari 3
 Menara Matahari Lantai 12,                                T 62 21 547 5333
 Jl. Boulevard Palem Raya No. 7                            E corp.comm@matahari.com
 Karawaci, Tangerang 15811, Indonesia                      www.matahari.com

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