20250925_LIFE_Laporan Informasi dan Fakta Material_31952542_lamp2.pdf

                                       I. INTRODUCTION
The information as stated in the Disclosure Information is submitted to the public so that the
public could receive information about material transactions and affiliate transactions in
connection with the separation/spin-off of the Company's UUS carried out by the Company by
establishing a new sharia insurance company as mandated in Law No. 40 of 2014 concerning
Insurance ("Law No.40/2014"), especially Article 87 as last amended by Law No. 4 of 2023
concerning the Development and Strengthening of the Financial Sector ("PPSK Law"), Financial
Services Authority Regulation (POJK) No. 11 of 2023 concerning the Separation of Sharia Units of
Insurance Companies and Reinsurance Companies ("POJK 11/2023"), and incorporating all rights
and obligations of UUS into the new sharia insurance company as part of the Company's capital
contribution into the new sharia insurance company, which is effective after obtaining a business
license from the Financial Services Authority (OJK) and has started operational activities.

The establishment of a new sharia insurance company, established under the name PT MSIG Sharia
Life Insurance Indonesia, is stipulated in the Company's Deed of Establishment No. 44 dated
September 23, 2025 drawn before Notary Hadijah, S.H., Notary in the Central Jakarta
Administrative City.

PT MSIG Sharia Life Insurance Indonesia was established by separating the Company's UUS and
incorporating it into PT MSIG Sharia Life Insurance Indonesia by referring to Law No. 40/2014 and
its implementing regulations, as stipulated in the Deed of Separation of the Company's UUS No.
45 dated September 23, 2025 drawn before Notary Hadijah, S.H., Notary in the Central Jakarta
Administrative City.

Transactions carried out by the Company by separating UUS within the Company and incorporating
it into PT MSIG Sharia Life Insurance Indonesia are not Material Transactions, but there are changes
in Business Activities and also categorized as Affiliate Transactions and therefore subject to POJK
No. 17/2020 and POJK No. 42/2020, the disclosure of which has been reported to the OJK dated
September 25, 2025.

Through the separation of UUS, the Company will no longer carry out sharia business activities,
and subsequently changes will be made to Article 3 concerning Business Activities and Article 20
concerning the Sharia Supervisory Board from the Company's Articles of Association.


             II.
              DESCRIPTION OF CHANGES IN BUSINESS ACTIVITIES AND AFFILIATE
                                   TRANSACTIONS
A. CHANGES IN BUSINESS ACTIVITIES

    1. With the separation of UUS, the Company will no longer carry out sharia business activities,
       and subsequently changes will be made to Article 3 concerning Business Activities and
       Article 20 concerning the Sharia Supervisory Board from the Company's Articles of
       Association.

    2. That the plan to change Business Activities as mentioned above has been announced to
       shareholders at the same time as the announcement of the GMS.

    3. That data on changes in Business Activities has been provided to shareholders since the
       announcement of the GMS and the disclosure of such information has been submitted to
       OJK.

    4. That the change in Business Activities is a reduction of Business Activities which will not
       affect the Company's business continuity.

    5. That the change in Business Activities is a mandate of Law No.40/2014 as amended by
       PPSK Law.

    6. That the change in Business Activities will be effective after PT MSIG Sharia Life Insurance
       Indonesia obtains a business license from the OJK and starts running its operations.



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B. AFFILIATE TRANSACTIONS AND CONFLICTS OF INTEREST TRANSACTIONS

   1. TRANSACTION OBJECT
      The object of the Affiliate Transaction is a transaction in connection with the
      establishment of PT MSIG Sharia Life Insurance Indonesia which has been approved by the
      Company's GMS on September 23, 2025.

   2. TRANSACTION VALUE
      One of the founding shareholders of PT MSIG Sharia Life Insurance Indonesia is the
      Company at 99.99% of the shares and a total of Rp49,995,000 which comes from capital
      deposits in cash from the Company. Thus, this transaction is an Affiliate Transaction,
      because there is a relationship between the Company as a shareholder who controls PT
      MSIG Sharia Life Insurance Indonesia.
      The total authorized capital and paid-up capital in PT MSIG Sharia Life Insurance Indonesia
      are as follows:

                  Information                  Share Nominal Value @ IDR            Percentage
                                                        100.00
                                              Number of        Amount of
                                                Shares           Rupiah
        Authorized Capital                     500.000     IDR 50,000,000,-        100%
        Issued and Paid-Up Capital of          500.000     IDR 50,000,000,-        100%
        Shareholders
        Composition of Shareholders
        1.PT MSIG Life Insurance                499.950        IDR 49,995,000,-    99,99%
        Indonesia Tbk
        2. Renova Siregar                          50          IDR 5,000,-         0,01%


   3. PARTIES MAKING TRANSACTIONS
      The parties who made the transaction were the Company and PT MSIG Sharia Life
      Insurance Indonesia. There is no difference between the economic interests of the
      Company and the personal economic interests of members of the board of directors,
      members of the board of commissioners, major shareholders or controllers that may be
      detrimental to the Company. Therefore, there is no conflict of interest in this transaction.

   4. EXPLANATION OF AFFILIATE TRANSACTIONS
      The Affiliate Transaction was carried out in the context of the Separation of the Company's
      UUS by establishing a new sharia insurance company as a result of the separation called PT
      MSIG Sharia Life Insurance Indonesia as a fulfilment and implementation of laws and
      regulations, namely Law No.40/2014 as amended by the PPSK Law. Therefore, it is exempt
      from the obligation to use the Appraiser to determine fair value.


                       III. STATEMENT OF THE BOARD OF DIRECTORS
   1. The Board of Directors stated that the transaction in the context of the UUS Separation
      does not consider as Material Transactions as referred to in POJK 17/2020, because the
      transaction value is less than 20% (twenty percent) of the Company's equity.
   2. However, transactions in the context of the UUS Separation is categorize as Affiliate
      Transactions based on POJK 42/2020. There is no Conflict of Interest in this transaction.
   3. All material information has been disclosed and the information is not misleading.



                            PT MSIG Life Insurance Indonesia Tbk
                                Jakarta, 25 September 2025


                            Board of Directors of the Company


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