20230707_KRAS_Pemanggilan RUPS_31338767_lamp1.pdf

4.   Appointment of a Public Accounting Firm (Kantor Akuntan Publik/KAP) to Audit the Company's
     Consolidated Financial Statements and the Financial Statements for the Implementation of the
     Company's Micro and Small Business Funding Program for the 2023 Financial Year.

     Explanation:
     The basis for the Meeting agenda is the provisions of Article 21 paragraph (2) letter c of the
     Company's Articles of Association and Article 13 paragraph (1) of the Financial Services Authority
     Regulation (“OJK Regulation”) Number 13/POJK.03/2017 concerning the Use of Public
     Accountants and Public Accounting Firms in Financial Services Activities as well as the provisions
     of Article 32 paragraph (1) of Minister of State-Owned Enterprises Regulation Number PER-
     02/MBU/03/2023 concerning Guidelines for the Governance and Significant Corporate Activities of
     State-Owned Enterprises.

5.   Approval of the Extension of the Delegation of Authority to the Board of Commissioners to State
     the Certainty on the Amount of Capital and Number of New Shares Resulting from the Conversion
     of Mandatory Convertible Bonds ("MCB") and to Take All Necessary Actions Including
     Determining the Time, Method and Amount of Additional Capital of the MCB Issuer in the Context
     of Converting the MCB into Convertible Shares.

     Explanation:
     The basis for the Meeting agenda is the provisions of Article 41 of the Companies Law jo. Article
     11 letter m of Deed of MCB Issuance Agreement No. 173 dated December 28, 2020, drawn up
     before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta, as amended by Third Amendment to the
     Deed of Mandatory Convertible Bond Issuance Agreement dated December 28, 2020, Number
     PERJ-148A/SMI/1022 dated November 01, 2022 ("Deed of MCB Issuance"). The Company, as
     the MCB Issuer, is required to hold an annual general meeting of shareholders in which one of
     the agenda items is the extension of the delegation of authority to the Board of Commissioners to
     declare the fixed amount of capital and the number of new shares resulting from the conversion
     of MCB and to take all necessary actions including determining the time, method and amount of
     additional capital of the MCB Issuer as a result of the conversion of MCB into Converted Shares.


6.   Enforcement of the Minister of State-Owned Enterprises of the Republic of Indonesia Regulation:
     a) PER-01/MBU/03/2023 dated March 03, 2023 concerning Special Assignments and Social and
        Environmental Responsibility Programs for State-Owned Enterprises and the Amendments;
     b) PER-02/MBU/03/2023 dated March 03, 2023 concerning Guidelines for the Governance and
        Significant Corporate Activities of State-Owned Enterprises;
     c) PER-3/MBU/03/2023 dated March 20, 2023 concerning Organizations and Human Resources
        of State-Owned Enterprises and the Amendments.

     Explanation:
     The basis for the Meeting agenda is the provisions of Article 38 paragraph (2) letter b of Minister
     of State-Owned Enterprises Regulation Number PER-1/MBU/03/2023 concerning Special
     Assignments and Social and Environmental Responsibility Programs for State-Owned Enterprises,
     Article 225 paragraph (2) letter b of Minister of State-Owned Enterprises Regulation Number
     PER-2/MBU/03/2023 concerning Guidelines for the Governance and Significant Corporate
     Activities of State-Owned Enterprises and Article 163 paragraph (2) letter b of Minister of State-
     Owned Enterprises Regulation Number PER-3/MBU/03/2023 concerning Organizations and
     Human Resources of State-Owned Enterprises.

     7. Approval on the changes in the composition of the Board of Commissioners and the Board of
        Directors of the Company.


        Explanation:
        The basis for the Meeting agenda is the provisions of Article 11 paragraph (23) letter f, paragraph
        (24) and paragraph (27) of the Company’s Articles of Association, and Article 6 paragraph (3)
        PJOK Number 33/POJK.04/2014 concerning Board of Directors and Board of Commissioner of
        Issuer or Public Company.

Notes:

1.        This Invitation constitutes an official invitation for the Shareholders. Therefore, the Company will
          not send separate letters to the Shareholders.

2.        Shareholders who are entitled to attend or be represented at the Meeting are Shareholders
          whose names are recorded in the Company's Shareholders Register or according to the securities
          account balance at KSEI on July 6, 2023, at the close of share trading on the Indonesia Stock
          Exchange (IDX).

3.        Shareholders who wish to attend the Meeting can attend the Meeting electronically using the
          KSEI system using the eASY.KSEI application. To use the eASY.KSEI application, Shareholders
          can access the eASY.KSEI menu, eASY.KSEI Login submenu located in AKSes facility
          (https://akses.ksei.co.id/).

4.        Shareholders who can attend in person electronically as mentioned in point 3 are local individual
          shareholders whose shares are kept in the KSEI collective custody.

5.        Prior to determining participation in the Meeting, Shareholders are required to read the provisions
          conveyed through this Invitation as well as other provisions related to the implementation of the
          Meeting based on the authority determined by the Company. Other provisions can be seen
          through the attachment on the 'Meeting Info' feature on the eASY.KSEI application.

6.        Shareholders who will physically attend the Meeting or Shareholders who will exercise their voting
          rights through the eASY.KSEI application, may inform their attendance or appoint their proxies,
          and/or submit their vote in the eASY.KSEI application.

7.        The deadline for submitting a declaration of attendance or power of attorney and vote in the
          eASY.KSEI application is by 12.00 Western Indonesian Time 1 (one) business day prior to the
          date of the Meeting.

8.        Shareholders who will attend or provide power of attorney electronically to the Meeting through
          the eASY.KSEI application must pay attention to the following matters:

          a.    Mechanism of Shareholders Attendance via e-GMS:

                 i.      Shareholders who will attend the Meeting using the e-GMS and e-Voting modules
                         in the eASY.KSEI application, must register at the latest one day prior to the
                         Meeting through www.akses.ksei.co.id.
                 ii.     Shareholders and Proxy receive e-mail notification 1 (one) day prior to the Meeting
                         via webinar.
                 iii.    Shareholders and Proxy are required to have an account in AKSes to be able to
                         access the Meeting link.
                 iv.     The webinar link can be reached through AKSes Web and AKSes Mobile.
                 v.      On the date of the Meeting, Shareholders who will participate in the Meeting using
                         the e-GMS and e-Voting modules must conduct self-registration electronically at

                     eASY.KSEI via www. akses.ksei.co.id.

      b.    Registration Process:

            i.       Local individual shareholders who have not provided a declaration of attendance
                     or power of attorney in the eASY.KSEI application by the time limit in point 7 and
                     wish to attend the Meeting electronically are required to register attendance in the
                     eASY.KSEI application on the date of the Meeting until the electronic registration
                     period for the Meeting is closed by the Company.
            ii.      Local individual shareholders who have provided a declaration of attendance but
                     have not cast a minimum vote for 1 (one) Meeting agenda in the eASY.KSEI
                     application until the time limit in point 7 and wish to attend the Meeting
                     electronically are required to register attendance in the eASY application. KSEI on
                     the date of the Meeting until the electronic registration period of the Meeting is
                     closed by the Company.
            iii.     Shareholders who have given power of attorney to the proxies provided by the
                     Company (Independent Representative) or Individual Representative but the
                     shareholders have not cast a minimum vote for 1 (one) Meeting agenda in the
                     eASY.KSEI application until the time limit in point 7, then, proxies representing the
                     shareholders is required to register attendance in the eASY.KSEI application on the
                     date of the Meeting until the electronic registration period of the Meeting is closed
                     by the Company.
            iv.      Shareholders who have given power of attorney to the participant/Intermediary
                     proxy (Custodian Bank or Securities Company) and have cast their vote in the
                     eASY.KSEI application until the time limit in point 7, then the representative of the
                     proxy who is registered in the eASY.KSEI application is required to register
                     attendance in the eASY.KSEI application on the date of the Meeting until the
                     electronic registration period of the Meeting is closed by the Company.
            v.       Shareholders who have given a declaration of attendance or given power of
                     attorney to the proxy provided by the Company (Independent Representative) or
                     Individual Representative and have cast a minimum vote for 1 (one) or all Meeting
                     agenda in the eASY.KSEI application no later than the time limit in point 7, the
                     shareholders or proxies do not need to register attendance electronically in the
                     eASY.KSEI application on the date of the Meeting. Share ownership will be
                     automatically calculated as the attendance quorum and the votes that have been
                     cast will be automatically taken into account in the Meeting vote.
            vi.      Any delay or failure in the electronic registration process as referred to in numbers
                     i – iv for any reason will result in the shareholders or their proxies being unable to
                     attend the Meeting electronically, and their share ownership will not be counted as
                     the attendance quorum at the Meeting.

9.    In the event that the Shareholders will physically attend the Meeting, the Shareholders may
      download the Power of Attorney form on the Company's website or obtain such form at the BAE
      PT BSR Indonesia office, Sindo Building, 3rd Floor, J.I. Wahid Hasyim No. 38, Central Jakarta,
      phone +62 21 80864722. The completed Power of Attorney is sent to the BAE PT BSR Indonesia
      via email at adm.efek@bsrindonesia.com no later than July 28, 2023, and the original documents
      must be brought to the Meeting.

10.   Shareholders or their proxies who will physically attend the Meeting are requested to submit a
      photocopy of their Identity Card or other identifications before entering the Meeting room.
      Shareholders in the form of Legal Entities are required to bring a photocopy of the latest Articles
      of Association and the composition of the company's management. Shareholders in KSEI's
      collective custody are required to submit a Written Confirmation for the Meeting, which can be
      obtained at the BAE office or custodian bank. where Shareholders open their securities accounts.
      Registration of Shareholders or their Proxies at the Meeting venue is closed 30 minutes before the
      Meeting starts or at 13.30 Western Indonesian Time.

11.   Materials on the Meeting Agenda are not provided physically and can be accessed and
      downloaded on the Company's website and/or e-GMS (eASY.KSEI) since the date of the Meeting
      Invitation until the Meeting is held in accordance with Article 18 paragraphs (1) and (2) of OJK
      Regulation Number 15/POJK.04/2020 concerning the Planning and Organizing of the General
      Meeting of Shareholders by Publicly-Traded Companies.

12.   Shareholders or their proxies who will physically attend the Meeting are required to be present at
      the Meeting venue at least 30 (thirty) minutes before the Meeting starts.




                                     Jakarta, July 7, 2023
                                PT Krakatau Steel (Persero) Tbk
                                      Board of Directors