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Page 1
Press Release

                         PT Nippon Indosari Corpindo Tbk
                         Welcomes Leafgreen and Gateway
                               as New Shareholders

Jakarta, 11 September 2025 – PT Nippon Indosari Corpindo Tbk (“Sari Roti” or the
“Company”) announces that Leafgreen Capital, in partnership with Gateway Partners Group,
has completed the acquisition of Demeter Indo Investment Pte Ltd which holds a 22.2% stake
in Sari Roti, from an affiliate company of KKR, a leading global investment firm. The
transaction reflects the new investors’ strong confidence in Indonesia’s long-term growth
potential, particularly in the consumer sector, as well as their continued conviction in Sari
Roti’s prospects as Indonesia’s leading mass market bread company.

Wendy Yap, Founder & President Director/Chief Executive Officer of Sari Roti, said, “We are
delighted to welcome Leafgreen and Gateway as shareholders in Sari Roti. Their consumer
sector expertise and long-term vision perfectly align with our goals. With their support and
intimate knowledge of our business, we are ready to work alongside to accelerate growth,
enhance capabilities, and innovate products that meet Indonesian consumers' evolving
needs. Together, we will further solidify Sari Roti's position as a trusted household brand.
Lastly, we would like to thank KKR for the great partnership, it has been a great journey for
the past eight years.”

“Sari Roti is a renowned household brand with a solid foundation and an exceptional
management team,” said Jaka Prasetya, Managing Partner at Leafgreen Capital. “Having
witnessed its growth potential first-hand over the past decade, I am convinced of its upward
trajectory. We are honoured to continue supporting Wendy and her team as they drive the
business forward, delivering value to Indonesian consumers nationwide. We also look
forward to working closely with Gateway on this investment.”
Page 2
About PT Nippon Indosari Corpindo Tbk
Founded in 1995 and headquartered in Indonesia, Sari Roti has established itself as the
pioneer and clear market leader in the country’s branded, mass-produced bread segment.
Today, the company offers a wide range of bread and cake products under the Sari Roti brand,
distributed through more than 100,000 points of sale. With a focus on quality and operational
excellence, Sari Roti operates 15 strategically located manufacturing facilities across the
archipelago, equipped with state-of-the-art Japanese technology. Sari Roti has been listed on
the Indonesian Stock Exchange since 2010 under the ticker ROTI. The Company has recorded
net sales CAGR of ~14% since its listing and demonstrated resilience during the COVID-19
pandemic, which has been attributed to the company’s diversified product range and nimble
approach towards innovation/new product launches. For additional information about Sari
Roti, please visit www.sariroti.com.

About Leafgreen Capital
Leafgreen Capital is a private equity investment firm dedicated to mid-market investments
across Asia Pacific, with a focus on Southeast Asia. Backed by institutional capital, Leafgreen
works closely with founders and management teams to scale businesses, implement strategic
initiatives, and deliver long-term sustainable growth. For additional information about
Leafgreen Capital, please visit Leafgreen's website at www.leafgreen.com.

About Gateway Partners Group
Gateway Partners Group is a private equity and alternative investment firm focused on
strategic, long-term investments across dynamic growth markets in Southeast Asia, South
Asia, the Middle East, and Africa. Gateway focuses on responsible investing and seeks to
catalyze sustainable growth by connecting private capital to high-impact opportunities in
emerging economies, prioritizing companies delivering essential goods and services to the
broad consumer base. More details about Gateway can be found at www.gatewayfund.net.

For more information, please contact:

Hadi Susilo
Head of Investor and Public Relations
hadi.susilo@sariroti.com

PT Nippon Indosari Corpindo Tbk.
Wisma GKBI, Suite 1217
Jl. Jendral Sudirman No. 28
Jakarta 10210

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linked org Nippon Indosari Corpindo Tbk p.1 ×11
linked — Demeter Indo p.1
unresolved org Demeter Indo Investment Pte Ltd p.1

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