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                                                             (“Perseroan”)

                                                          Domiciled in Jakarta

                                       ANNOUNCEMENT SUMMARY OF RESOLUTIONS OF
                                  THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS


The Directors of PT. INDO ACIDATAMA Tbk (the “Company”) hereby announce to the Shareholders that the Company convened The
Extraordinary General Meeting of Shareholders (“EGMS”) and hereinafter referred to as the “Meeting” on :
A.
       Day / Date            : Friday , 4 August 2023
       Venue                 : Albergo Small, 5th Floor Albergo Tower
                               THE BELLEZZASUITES
                               Jl. Soepeno no. 34, Permata Hijau Jakarta Selatan

         Time             : 14.00 WIB – 15.00 WIB
            With only one Meeting Agenda as follows :
             Changes in the type of Company from Foreign Investment (PMA) to National Private and adjustment of ownership of the
             Company's Shareholders

B.    The following members of the Boards of Commissioners and Directors attended the meeting:

     Directors
     1. Vice President Director               : Mulyadi Utomo Budhi Moeljono
     2. Independent Director                  : Sharad Ganesh Ugrankar

     Commissioners
     1. President Commissioner                : Biantoro Setijo
     2. Independent Commissioner              : Stephanus Junianto
     3. Independent Commissioner              : Fransiskus Bahari Nusantara

C.   AGMS was attended by Shareholders representing 4.275.077.963 shares with valid voting rights, or constituting 71.01 % of the
     total shares with valid voting rights that have been issued by the Company .

D.   In the Meeting, all Shareholders/Proxy of Shareholders were given the opportunity to ask questions and/or provide opinions for the
     agenda of the Meeting and in the Agenda of the Meeting there are no shareholders who asked questions and/or provided opinions.

E.   The decision-making mechanism in the meeting was as follows:

     Decisions were made by means of deliberation for consensus. If deliberation for consensus was not achieved, then voting by means
     of raising of hand followed by collection of voting ballot by officers, while the remainder who did not raise hand were considered to
     be in agreement, followed by counting of votes.

F.   The results of the decision making for the Meeting Agenda conducted by voting, the number of votes and the percentage of the
     Meeting decision of all shares with voting rights present at the Meeting are as follows:

                    Agenda                        Agree                          Disagree                        Abstain

          First Agenda                4.275.057.963 share                           -                 20.000 share or
                                      or + 99,9995%                                                   + 0,0005%

     **)Corresponding POJK No.15/2020, the abstain vote follows the majority vote, this number is the
       calculation of the e-proxy of KSEI and the Company's Registrar
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G.   The resolutions of the meeting have basically decided the following matters:
        The Only Agenda of the Meeting:
             1. Approved the change in the type of Company from Foreign Investment (PMA) to National Private and
                  adjustment of ownership of the Company's Shareholders. The change in the type of the Company is without
                  changing the provisions of the Company's Articles of Association

            2.   Approve to authorize the Board of Directors of the Company with the right of substitution to state in a Notary
                 deed in connection with the change in the Type of Company to a National Private and the adjustment of the
                 Company's share ownership mentioned above including but not limited to notifying the Ministry of Law and
                 Human Rights of the Republic of Indonesia to access changes to the Articles of Association specifically for
                 changes in the type of company, but there are no changes to the Company's Articles of Association and take
                 all necessary actions.


                                                     Jakarta, August 8, 2023
                                                   The Directors of the Company

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