20260716_TBIG_Rencana Transaksi Perubahan Kegiatan Usaha_32112577_lamp2.pdf

Unofficial English Translation NU - TOWER

»”  « BERSAMA
AN sroup
TABLE Of CONTENTS
Page
DEFINITION 2
CHAPTER | INFORMATION ABOUT THE COMPANY 3
CHAPTER II INTRODUCTION 10
CHAPTER III BRIEF DESCRIPTION OF THE TRANSACTION 11
1. Brief Description of TB
2. Availability of Expertise Related to the Change of
Business Activities Plan
3. Explanation of the Impact of Plan of Change of
Business Activities on the Company's Financial
Condition
4. Explanation, Consideration and Reasons for the
Change of Business Activities Plan
CHAPTER IV SUMMARY OF FEASIBILITY STUDY ON THE CHANGE 15
OF BUSINESS ACTIVITIES
CHAPTER V GENERAL MEETING OF SHAREHOLDERS 17
CHAPTER VI ADDITIONAL INFORMATION 19

PT Tower Bersama Infrastructure, Tbk

Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum 1
Jl. H.R, Rasuna Said, Jakarta Selatan 12940

Telp : 462 21 2924 8900

Fax 1462 21 2157 2015

Unofficial English Translation RN - TOWER

«”' « BERSAMA
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DEFINITION
Subsidiaries means a company whose financial statements are consolidated with the
Company in accordance with the applicable accounting standards in

Indonesia.

Public Appraisal Service means an entity has obtained a business license from the Minister of
Office Finance as a framework for Public Appraisers to conduct business in the
field of appraisal and other services.

KBLI means Indonesian Business Field Standard Classification Group (KBLI)

KJPP MPR means Martokoesoemo, Pakpahan & Rekan Public Appraisal Office, an
appraisal service company registered with business license number
2.09.0070 through a Copy of the Decree of the Minister of Finance of the |
Republic of Indonesia Number 440/KM.1/2019, which has appraisal
experience (track record) with A (Asset) and B (Business) classification. (

OJK means Financial Service Authority, an independent state institution, whose-
duties and authorities covers regulatory, supervisory, inspection,:.and
investigation as stipulated in Act No. 21 of 2011 dated 22 November 2011 |
(on Financial Service Authority as the substitute body of Bapepam:LK
effective since 31 December 2012), as amended by P2SK Law.

Company or TBIG means PT Tower Bersama infrastructurg Tbk (formerly known as PT Banyan
Mas), domiciled in South Jakarta, a publicly listed company established by
virtue of the law of the Republic of Indonesia.

POIK No. 15/2020 means OJK Regulation .No. 15/POJK.04/2020 dated April 21, -2020 |.
regarding Planning and Organizing General Meetings of Sharehoiders of
Public Companies. .

POJK No. 17/2020 means OJK Regulation No. 17/POJK.04/2020 dated April 20, 2020
regarding Material Transaction and Change of Business Activities.
POIK No. 14/2025 means OJK Regulation No. 14 of 2025 dated July 1, 2025, regarding the

Conduct of General Meetings of Shareholders, General Meetings of
Bondholders, and General Meetings of Sukuk Holders by Electronic Means.
Change of Business | means the plan to change business-activities by adding new business

Activities Plan activities by TB, a subsidiary, whereby TB contributed revenue of more
than 20X to the Company's revenue
GMS means a general meeting of shareholders of the Company

Business Feasibility Study | means a professional assessment assignment provided by a Business
Appraiser in the form of an opinion to determine the feasibility of a
business or project.

Appraisal Date means in this report has the same meaning as Business Feasibility Study
Date, which is the date of issuance of an opinion to determine the
feasibility of a business or project.

TB means PT Tower Bersama, subsidiary of the Company

P2SK Law means Law No. 4 of 2023 dated 12 January 2023 on Development and

: Strengthening of the Financial Sector, State Gazette of the Republic of
Indonesia No. 4 of 2023, Supplementary State Gazette of the Republic of
Indonesia No. 6845.

PT Tower Bersama Infrastructure, Tbk

Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum 2
Jl. H.R. Rasuna Said, Jakarta Selatan 12940

Telp : 462 212924 8900

Fax 1162 212157 2015

Nu, TOWER
/ N Group

L INFORMATION ABOUT THE COMPANY

The Company was established under the name PT Banyan Mas, a limited liability company established
and governed by the laws of the Republic of Indonesia, with its registered office in South Jakarta, by
virtue of Deed of Establishment No. 14 dated 8 November 2004 made before Notary Dewi Himijati
Tandika, S.H, Notary in Jakarta, and approved by the Minister of Law and Human Rights of the Republic
of Indonesia ("MOLHR") pursuant to Decree No. C-28415HT.01.01.TH.2004 dated 12 November 2004,
registered at the Company Registration Office of South Jakarta under No. 2564/BH.09.03/XI1/2004
dated 14 December 2004 and announced in the State Gazette of the Republic of Indonesia No. 5 dated
18 January 2005, Supplement No. 616.

The Company's Articles of Association as contained in the Deed of Establishment have been amended
several times, most recentiy by the Deed of Statement of Meeting Resolutions on Amendments to the
Articles of Association No. 116 dated 23 May 2022, made before Jose Dima Satria, S.H., M.Kn., Notary
in South Jakarta ("Deed No. 116/2022"), which was approved by the MOLHR pursuant to Decree No.
AHU-0038668.AH.01.02.TAHUN 2022 dated June 8 2022 and registered at the Company Registry
under No. AHU-0106607.AH.01.11.TAHUN 2022 dated June 8 2022. Based on Deed No. 116/2022, the
shareholders at the Company's GMS have approved, among other things: the amendment to Article 3
of the Company's Articles of Association in orderto align and adjust with the 2020 Indonesian Business
Sector Classifications.

Based on the provisions of Article 3 of the Company's Articles of Association, the Company's objectives
and purposes are to invest or participate in other companies engaged in telecommunications support
activities and business in the service sector, particularly telecommunications support services. In
order to achieve the above objectives and purposes, the Company may carry out main business
activities with respect to holding company activities (KBLI No. 64200) and other management
Consulting activities (KBLI No. 70209). To support these main business activities, the Company may
carry out supporting business activities, namely telecommunications central construction (KBLI No.
42206), telecommunications installation (KBLI No. 43212) and cable telecommunications activities
(KBLI No. 61100).

Currently, the Company has carried out all business activities in accordance with Article 3 of the
Company's Articles of Association by investing or participating directly and indirectly in 21 Subsidiaries
and 2 Associated Companies, which are engaged in providing telecommunications services, towers,
fiber optic networks, internet service provider, telecommunications work, investment and realestate.

Capital Structure and Sharehoidering Composition
Based on the List of Company Shareholders as of 30 June 2026 issued by PT Datindo Entrycom as the

Securities Administration Bureau, the capital structure and shareholding composition of the Company
are as follows:

PT Tower Bersarna Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum RA

JI. H.R, Rasuna Said, Jakarta Selatan 12940 3 caman a
Telp : 162 21 2924 8900 menes || SERA
Fax 1462 21 2157 2015 F

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» BERSAMA
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Description Nominal Value Rp20 per Share »
Number of Nominal Value (Rupiah) Yoning
Authorized Capital 72,100,600,000 1,442,012,000,000
Issued and Paid Up Capital
Bersama Digital Infrastructure Asia Pte. Ltd. 18,418,171,023 368,363,420,460 81671
PT Wahana Anugerah Sejahtera 2122,271,590 42,445,431,800 9.41K
Edwin Soeryadjaya 71,585,630 1,481,712,600 0.325
Hardi Wijaya Liong 68,359,905 1,367,198,100 0.201
Budianto Purwahjo 51025,000 100,500,000 0.021
Herman Setya Budi 4,625,000 92,500,000 0.021,
Helmy Yusman Santoso 3,125,000 62,500,000 001
Public (ownership less than 596) 1,857,481,197 37,140,023,540 3.2a1
22,560,514,345 451,212,286,900 100.0056
Treasury Shares 106,385,100 2,127,702,000 -
Total of Issued and Paid Up Capital 22,656,999,445 453,139,988,900 100.001
Remaining Shares in Portfolio 49,443,600,555 988,872,011,100

Composition of the Company's Board of Commissioners and Board of Directors

Based on the Deed of Meeting Resolution No. 40 dated June 10, 2025, made before Jose Dima Satria,
S.H., M.Kn., Notary in South Jakarta, which has been notified to the Minister of Law based on the
Letter of Acceptance of Notification of Changes in Company Data No. AHU-AH.01.09-0297393 dated
June 12, 2025 and registered in the Company Register with No. AHU-0129707.AH.01.11.TAHUN 2025
dated June 12, 2025, the composition of the Company's Board of Directors and Board of
Commissioners are as follows:

Board af Commissioners

Name | | Position “T Term of Office |
Edwin Soeryadjaya Presiden Komisaris GMS 2025 s/d GMS 2030

| Verena Lim | Komisaris “1 GMS 2025 s/d Gms 2030 |
Ludovicus Sensi Wondabio Komisaris Independen GMS 2025 s/d GMS 2030 —— f
Heri Sunaryadi — | Komisaris Independen ! GMS 2025 s/d GMS 2030 |

Board of Directors

Name Position Term of Office
Herman Setya Budi Presiden Direktur GMS 2025 s/d GMS 2030
"Hardi Wijaya Liong "Wakil Presiden Direktur ' GMS 2025 s/d GMS 2030
Budianto Pawan” “Direktur MS 2025 s/d GMS 2030
Helmy Yusman Santoso ! Direktur | GMS 2025 s/d GMS 2030
Leonardus Wahyu Wasono Mihardjo | Direktur GMS 2025s/d GMS 2030 ”——

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum LROA

Jl. H.R. Rasuna Said, Jakarta Selatan 12940 4 Cazman

Telp :462 21 29248900 meme | (SERI
Fax :462 21 2157 2015 ca

Unofficial English Translation Nu - TOWER
«”' « BERSAMA
AN sroup

Audit Committee

In accordance with OJK Regulation no. 55/POJK.04/2015 dated 29 December 2015 regarding the
Establishment and Work Performance Guide of an Audit Committee, the Company has established an
Audit Committee as stated in the Circular Resolutions of the Board of Commissioners dated 5 June
2020, with the following member composition: .

Chairman : Ludovicus Sensi Wondabio
Member 1 Agung Nugroho Soedibyo
Member : Agustino Sunarko

Nomination and Remuneration Committee

In accordance with OJK Regulation no. 34/POJK.04/2014 dated 8 December 2014 regarding the
Nomination and Remuneration Committee for Issuers or Public. Companies, the Company has
established a Nomination and Remuneration Committee as stated in the Circular Resolutions of the
Board of Commissioners dated 26 June 2024, with the following member composition:

Chairman : Heri Sunaryadi
Member 1 Lie Si An
Member : Supriadi Wagiran
Corporate Secretary

The Company has appointed a Corporate Secretary based on Directors' Decree 157/TBG-TBI- “.
001/FAL/01/VII/2010 dated 8 July 2010, and the appointment of the Corporate Secretary is. in'
accordance with OJK Regulation No. 35/POJK.04/2014 concerning Corporate Secretary of Issuers or.
Public Companies. On the date of Disclosure of Information, the Corporate Secretary is:
Name : Helmy Yusman Santoso
Office Address : The Convergence Indonesia, Lantai 11

Kawasan Rasuna Epicentrum

Jl. H.R. Rasuna Said

Jakarta Selatan 12940, indonesia

Phone No. 62-21-2924 8900
Fax No. : 62-21-2157 2015
Email : corporate.secretary@tower-bersama.com

Information on the Company's Subsidiaries

The Company has direct and indirect investment in 21 Subsidiary Companies, as follows:

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11
Kawasan Rasuna Epicentrum

Jl. H.R. Rasuna Said, Jakarta Selatan 12940 s CERTIFIKO 6
Telp : 462 21 29248900 Pa ET
Fax :462 21 2157 2015 F

Unofficial English Translation

OX.
“) £ GROUP

TOWER
» BERSAMA

Company , Yearof Yearot Year of Ownership (26)

No. Name BusinessActivities» '” Domicile Company s.sablishment Commercial reet indirect

Investment Operation

1 PT Telenet Telecommunications South 2004 1999 1999 99,501 -
Internusa services, towers and Jakarta
(Tr) telecommunications

wark

2 PT United Telecommunications South 2005 2004 2004 99.90 0.1096 through
Towerindo services, towers and Jakarta TB
(ur) telecommunications

work

3. PT Batavia Telecommunications South 2005 2005 2006 - 89.904 through
Towerindo services, towers and Jakarta UT and 10.105
(BT) telecommunications through TB

work

a. PT Tower Telecommunications South 2006 2006 2006 99.99 0.0146 through
Bersama services, Jakarta 70
(“TB”) telecommunications

consulting,
telecommunications
network development,
rentalof
telecommunications
towers and eguipment,
and telecommunications
work.

5. PTTowerinda — Telecommunications South 2011 2009 2009 00254 99.987 through
Konvergensi , services, towers and Jakarta TB
TK) telecammunications

work

(3 PT Prima Telecommunicatians South 2009 2003 2003 0014 99.9986 through
Media Selaras services, towers and Jakarta TB
(“pms”) telecommunications

work

. PT Mitrayasa — Telecommunications South 2011 2004 2004 - 70.005 through
Sarana services, Jakarta TB and 30.001
Informasi telecommunications through SKP
(“Mitrayasa”) — consulting, construction

of telecommunications
facilities and
infrastructure and
telecommunications
work

8 PT Metric Investment company South 2010 2010 2010 98.7474 1.265 through
Solusi Jakarta 78
Integrasi
("msi")

9 PTSoluSindo — Telecommunications South 2010 1999 1999 - 99.714
Kreasi services, Jakarta through MSI
Pratama telecommunications
(SKP) consulting,

telecommunications
network development,
rentalof
telecommunications
towers and eguipment,
and telecommunications
work

10.  PTTowerOne  InvestmentCompany — South 2007 2006 2006 99.901 -
("TO") Jakarta

11. PTBali Telecommunications South 2008 2003 2003 0.017 99.997
Telekom services, towers and Jakarta through TO
(“Balikom") —— telecommunications

work

12. PT Triaka Telecommunications South 2009 2009 2009 90.026 — 10.006 through
Bersama services, towers and Jakarta 18
(“Triaka") telecommunications

work
PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11
Kawasan Rasuna Epicentrum
Jl. H.R. Rasuna Said, Jakarta Selatan 12940 6 LRGA
Telp : 462 21 2924 3900 mam | (MAS
Fax 1462 21 2157 2015 Ka

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» BERSAMA
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Company Year of Yearof Year of Ownership (26)

No. Name Business Activities! Domicile Company Establishment Commercial Direct indirect

Investment Operation

13. — PT Solusi Telecommunications South 2011 2011 2012 70.03K — 29.979ethroueh
Menara services, towers and Jakarta skp
Indonesia telecommunications
("SMI”) work

19. PT Menara Investment Company South 2013 2013 Not yetin 99.991 0.0136 through
Bersama Jakarta operation 18
Terpadu
("MBT")

1S. PT Jaringan Telecommunications Central 2016 2015 2016 D.08x 83.3626 through
Pintar #guipment maintenance — Jakarta 18
Indonesia services and
(3PP) telecommunications

consulting

16. PT Gihon Telecommunication WestJakarta — 2018 2001 2001 50.434 -
Telekomuni- support services
kasi Indonesia
Tbk (“GHON”)

1. PT Visi Telecommunications South 2018 1995 1995 51.095 -
Telekomuni- infrastructure services, Jakarta
kasi investing or participating
Infrastruktur in other companies
Tbk(“GOLD") — engagedin

telecommunications
support activities, and
telecommunications
support services

18. PT Permata Telecommunications South 2018 2013 2013 - 99.99#5 through
Karya Perdana ”towerandeguipment — Jakarta GOLD
("PKP") rental services

19, PT Unicom Fiber optic network West Jakarta 2022 2020 2021 - 80.0054 through
Muda Utama rental services UT
(“Unicom”)

20. PT Global Fiber optic network South 2023 2018 2021 - 70.002 through
Patra rental services Tangerang GHON
Sinertama
(“GPS”)

21.  PTDutakom — Internet Service Provider Surabaya 2025 1997 1997 - 72.0086 through
Wibawa Putra . TB
(“D-Net”)

Associated Companie

L PT Telinco Central Tangerang 2024 2023 2024 - 46.6796 through
Networks telecommunications Regency SI
Indonesia construction,

(“Telinco”) telecommunications
installation, electronic
installation and civil road
building construction

2 PTCiptajaya — Site Acguisition services, Tangerang 2024 2006 2006 - 40.005 through
Sejahtera telecommunications Regency MSI
Abadi ("CSA”) — tower construction

services,
telecommuincations
tower maintenance
services, construction
and maintenance for
fiber optic network or
Fiber-to-the-home
(FTTH), and
telecommunications
infrastructure
manufacturing works
Water "
(8 business activities atually carried outby cach Subsidiary Company.
PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11
Kawasan Rasuna Epicentrum
JI. H.R. Rasuna Said, Jakarta Selatan 12940 7 IRSA
Telp :462 21 2924 8900 mao | (SEA
Fax 1462 212157 2015 Ka

Unofficial English Translation Nu - TOWER

Z BERSAMA
“) V Group

Summary of Company Financial Data

The Company's Consolidated Financial Statements for the three-month period ended March 31, 2026
have not been audited or reviewed by a public accounting firm, were authorized for release by the
Company's Board of Directors on April 29, 2026. The Consolidated Financial Statements of the
Company for the year ended 31 December 2025 have been audited based on auditing standards
established by IAPI, as stated in the independent auditor's report No. 00369/2.1505/AU.1/06/1561-
2/1/11/2026 dated March 30, 2026 signed by Benediktio Salim, CPA (Public Accountant Registration
No. AP.1561) as Public Account responsible from by KAP Purwanto, Susanti & Surja (a member firm
of Ernst & Young Global Limited) with an unmodified opinion.

Summary of the Company's consolidated financial statements is as follows:

Consolidated Statement of Financial Position .
(in million Rupiah)
31December 31 March

2025 2026

Assets

Current Assets 3,111,787 2,827,947

Non-Current Assets 43,135,481  43,689,6659
Total Assets 46,247,263 46,517,616
Liabilities and Eguity

Current Liabilities 16,324,158  10,144,068

Non-Current Liabilities 17,197,753 23,109,740

Total Liabilities 33,521,911  33,253,808
Eguity 12,725,357  13,263,808
Total Liabilities and Eguity 46,247,268 46,517,616

Consolidated Statement of Profit or Loss and Other Comprehensive Income
lin milllon Rupiah)

For the year ended For the three-month
31 December period ended 31 March
2024 2025 2025 2026
Revenue 6,867,339 6,909,629 1,731,634 1,717,879
Gross Profit 4,926,187 4,963,142 1,258,395 1,235,278
Income from Operations 4,318,756 4,349,468 1,112,440 1,078,818
Income before Final Tax and Income Tax 2,117,283 2,194,296 614,673 586,037
Income before income Tax 1,476,550 1,609,123 448,292 435,638
Net Profit for Current Year 1,423,035 1,485,562 429,235 405,151
Total Comprehensive Income for the Current Year 10,536 2,221,993 417,655 569,454
Basic Earnings Per Share Attributable to
” The Eguity Holder of Parent Company (full amount) 60.4 637 18.52 17.43
EBITDA - 5,869,273 5,940,527 1,482,371 1,465,157
PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11
IL Memang Sa Ikan Selatan 12340 8 HEOA
Telp :462 21 2924 8900 me | LABA)
Fax :162 21 2157 2015 Ka

Unofficial English Translation

Consolidated Statement of Cash Flows

Cash Flows from Operating Activities

Net Cash Flows Provided by Operating Activities
Cash Flows from Investing Activities

Net Cash Flows Used in Investing Activities
Cash Flows from Financing Activities

Net Cash Flows Used in Financing Activities
Effect from Changes in Foreign Exchange Rate on Cash and
Cash Eguivalents
Net Increase (Decrease) on Cash and Cash Eguivalents
Cash and Cash Eguivalents at the Beginning of Year
Cash and Cash Eguivalents at the End of Year

PT Tower Bersama Infrastructure, Tbk

Gedung The Convergence Indonesia (TC), Lantai 11

Kawasan Rasuna Epicentrum 9
JI. H.R. Rasuna Said, Jakarta Selatan 12940

Telp : 462 21 2924 8900

Fax 1462 21 2157 2015

NU, Tower

» BERSAMA
AN sroup
lin million Rupiah)
For the year ended For the three-month
31 December period ended 31 March
2024 2025 2025 2026

5,129,477 5,224,152 1,723,524 2,022,706
(2,525,371) (2,562,817) (499,416) (710,652)

(1,929,084) (3,402,922) (2,161,677) (1,284,507)

6,033 8,066 5,542 2,251
681,055 (733,521) (932,027) 29,798
800,857 1,481,912 1,481,912 748,391

1,481,912 748,391 549,885 778,189

Unofficial English Translation Nu - TOWER
«' « BERSAMA
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" INTRODUCTION

This Information Disclosure is provided to the Company's shareholders as a basis for consideration
regarding the planned change of business activities to be conducted by TB, which is a controlled
company of the Company, by adding business activities of Network Access Point which is part of KBLI
No. 61107. Before being able to carry out these additional business activities, the Company must
Obtain approval from the Company's shareholders in a General Meeting based on the provisions of
Article 32 in conjunction with Article 22 paragraph (1) letter a of POJK No. 17/2020. The addition of
these business activities is also conducted following the 2020 KBLI as regulated in the Central Statistics
Agency Regulation No. 7 of 2025 regarding KBLI.

Currently, TB has been operating telecommunication towers and micro cell poles for lease to
telecommunication operator companies under long-term lease agreements.

PT Tower Bersama Infrastructure, Tbk

Gedung The Convergence Indonesia (TCI), Lantai 11
Kawasan Rasuna Epicentrum LRGA

Il. H.R. Rasuna Said, Jakarta Selatan 12940 10 CERUFIEO 8
Telp : 462 21 2924 8900 .—.

Fax 1462212157 2015

Unofficial English Translation Nu - TOWER

BERSAMA
“) V Group

u. BRIEF DESCRIPTION OF THE TRANSACTION

1. BRIEF OF DESCRIPTION OF TB

Brief History

TB is headguartered in South Jakarta, established based on Deed No. 5 dated July 4, 2006, made
before Darmawan Tjoa, S.H., S.E., a Notary in Jakarta, which received approval from the Ministry
of Law and Human Rights based on Decree No. C-20821 HT.01.01.TH.2006 dated July 17, 2006,
registered in the Company Register at the Jakarta Central Municipality Registration Office with No.
6357/BH.09.05/VIII/2006 dated August 3, 2006, and announced in State Gazette of the Republic
of Indonesia No. 104 dated December 29, 2006, Supplement No. 13530.

TB's Articles of Association have subseguently undergone several changes and the latest is as
Stated in the Deed of Statement of Circular Shareholder Resolutions TB No. 12 dated March 12,
2024, made before Darmawan Tjoa, S.H., S.E., Notary in Jakarta which has been approved by the
Minister of Law and Human Rights based on Decree No. AHU-0016538.AH.01.02.TAHUN 2024
dated March 14, 2024 and registered in the Company Register with No. AHU-
0053722.AH.01.11.TAHUN 2024 dated March 14, 2024 (“Deed No. 12/2024”). Based on Deed No.
12/2024, TB shareholders approved changes to the provisions of Article 1 regarding Name and
Domicile and the provisions of Article 3 regarding Purposes and Objectives and Business Activities.

Business Activities

Based on Article 3 of TB's articles of association, the purposes and objectives of TB are to engage
in (i) central telecommunications construction (KBLI No. 42206), (ii) wholesale trade of
telecommunications eguipment (KBLI No. 46523): (iii) wholesale trade of other machinery,
eguipment, and supplies (KBLI No. 46599): (iv) cable telecommunications activities (KBLI No.
61100): (v) Internet Service Provider (KBLI No. 61921): (vi) data communication system services
(KBLI No. 61922), (vii) rental and leasing activities without option rights for mining and energy
machines and eguipment (KBLI No. 77395): (viii) operation of electricity supply installations (KBLI
No. 35121), (ix) repair of electric motors, generators and transformers (KBLI No. 33141): (x)
telecommunications installations (KBLI No. 43212), and (xi) real estate owned or leased (KBLI:
68111). Currently, TB operates in the field of telecommunications services, telecommunications
consultancy, telecommunications network development, rental of tower and telecommunications
eguipment, and telecommunications work. TB is headguartered at The Convergence Indonesia,
Rasuna Epicentrum Area, Jl. H.R. Rasuna Said, South Jakarta 12940 - Indonesia.

Capital Structure and Shareholdering Composition

Based on the Deed of Circular Decision Statement of Shareholders No. 70 dated 25 June 2021 was
made before Darmawan Tjoa, S.H., S.E., Notary in Jakarta, which has notified the Minister of Law
and Human Rights based on the Letter of Acceptance of Notification of Changes to Company Data
No. AHUAH.01.03-0401225 dated June 25, 2021 and registered in the Company Register with No.
AHU-0112936.AH.O1.11.TAHUN 2021 dated June 25, 2021, the capital structure and latest
shareholding composition of TB at this time are as follows:

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum RCA
Jl. H.R, Rasuna Said, Jakarta Selatan 12940 11 cam 8
Telp : 46221 2924 8900 pesan

Fax 1462 21 2157 2015

Unofficial English Translation NN - TOWER

as. & BERSAMA
/ N Group

Description Nominal Value Rp1,000,000 per Share »
Number of Shares Nominal Value (Rupiah)
Authorized Capital 300,000 300,000,000,000
Issued and Paid Up Capital
Perseroan 139,049 138,049,000,000 99.991
PTTower One 1 1,000,000 0.011
Total of Issued and Paid Up Capital 139,050 139,050,000,000 100.001
Remaining shares in Portfolio 160,950 160,950,000,000

The Company has invested in TB since 2006.

Management and Supervision

Based on the Deed No. 12/2024, which has been notified to Minister of Law and Human Rights
based on the Letter of Acceptance of Notification of Changes to Company Data No. AHU-AH.01.09-
0103282 dated March 14, 2024 and registered in the Company Register with No. AHU-
0053722.AH.01.11.TAHUN 2024 dated March 14, 2024, the current composition of members of
the Board of Commissioners and Board of Directors of TB is as follows:

Board of Commissioners

Commissioner : Herman Setya Budi

Board of Directors

Director : Budianto Purwahjo

2. AVAILABILITY OF EXPERTISE RELATED TO THE CHANGE OF BUSINESS ACTIVITIES PLAN

The Company already possesses the capacity and capability to manage plans to expand its business
into Network Access Point (NAP) services, given that the Company—through TB and its other
subsidiaries—is a mature business entity in the field of telecommunications infrastructure and its
development: thus, the implementation of NAP business activities can be carried out by optimizing
the resources and capacity that have been in place to date.

To carry out NAP business activities, management will establish a special unit to handle NAP
Operations Under the Directorate of Development and Implementation, so there will be no
significant changes to TB's organizational structure. NAP operations reguire a team with technical
expertise in networking, cybersecurity, and systems management, including roles such as network
architect, network engineer, and NOC engineer (24-hour shifts), IP address & routing administrator,
system administrator, account manager/sales engineer, as well as finance & compliance function.

Most of these workforce needs will be met by the TBIG Group's existing human resources, who
have experience in managing telecommunications infrastructure, fiber-optic networks, and
internet services. The hiring of new employees will be prioritized only for positions reguiring

. specialized expertise with certifications in network architecture, therefore, it is believed that the
necessary experts to support the Business Activity Change Plan are already available and can be
fulfilled by the Company.

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum RA
Jl. H.R. Rasuna Said, Jakarta Selatan 12940 12 Sana
Telp : 462 21 2924 8900 musa | (MKAS

Fax 1462 21 2157 2015

Unofficial English Translation . TOWER
» BERSAMA
“) N GROUP

3. EXPLANATION, CONSIDERATION, AND REASONS FOR THE CHANGE OF BUSINESS ACTIVITIES PLAN

The Company's main business through its Subsidiaries is leasing space on sites for the installation
Of antennas and other eguipment for wireless signal transmission under long-term contract
agreements with wireless telecommunication companies. The Company also provides access
eguipment to Repeater and In Building System (IBS) networks to reach telecommunication systems
in shopping centers and office buildings in urban areas.

Currently, TB, which is a subsidiary, engages in telecommunications services, telecommunications
consulting, telecommunications network development, leasing of tower and telecommunications
eguipment, and telecommunications works.

In the main business activities of the Company and its Subsidiaries, management often encounters
customer needs that go beyond tower rentals, but also the need for broader connectivity, in line
with the growing basic need among both companies and individuals for fixed broadband network
infrastructure services—namely, reliable, fast, and secure internet access.

In line with these developments, as part of its long-term business plan, management intends to
expand the Company's business activities through its subsidiary, TB, by providing Internet Access
Gateway Services (Network Access Point / NAP), which fall under KBLI No. 61107 (Internet Access
Gateway Services). NAP business activities serve as a connecting layer between local internet
distribution networks and international internet backbone infrastructure to support the need for
Internet Protocol (IP)-based internet access services for customers, particularly Internet Service
Providers (ISPs), corporations, and institutions under a B28B business model.

The NAP business model to be implemented is designed as a wholesale IP transit platform. This
plan takes into account the potential for value-added synergies from the Group's existing assets,
including a fiber-optic network spanning approximately 60,000 km, ownership of
telecommunications towers, data centers, and subsidiaries operating as internet service providers
(ISPs), thereby creating an internal captive market targeting Tier 2—3 ISPs and corporate customers.
Conseguently, the development of the NAP business does not reguire the establishment of a new
company or additional investment on a larger scale compared to companies that do not yet have a
network of telecommunications towers and a fiber-optic backbone network.

The addition of these business activities will become effective after the Company obtains approval
in an GMS as mentioned in the Information Disclosure, and TB obtaina the relevant permits from
the authorized authorities to carry out these additional business activities as covered in KBLI No.
61107, as well as the inclusion of KBLI No. 61107 in the TB's Articles of Association. TB is currently
in the process of finalizing the licensing procedures and amendments to its Articles of Association.

4. EXPLANATION OF THE IMPACT OF PLAN OF CHANGE OF BUSINESS ACTIVITIES ON THE
COMPANY'S FINANCIAL CONDITION

The Change of Business Activity Plan will have a positive impact on the sustainability of TB's
business and will certainly also affect TB's financial condition. With the Change of Business Activity
Plan in place, it is expected that the revenue of TB and the Company will increase, and that the
assets of TB and the Company will grow in the coming years. This is also expected to provide added
value for the shareholders of TB and the Company.

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum ROA
JI H.R. Rasuna Said, Jakarta Selatan 12940 13 kari
Telp : 162 21 2924 8900 mngara
Fax 2462 212157 2015

Unofficial English Translation . TOWER
“ BERSAMA
“) GROUP

Based on the Business Feasibility Study Report prepared by KIPP MPR, the initial investment
reguired to implement NAP's business activities is approximately Rp47.4 billion, which includes
the cost of purchasing eguipment, the lease contract for the Indefeasible Right of Use (IRU)
Capacity, and NAP's consulting fees. Funding for this investment will come from the Company's
internal cash, so the Proposed Change in Business Activities will not result in additional debt or
changes to the Company's capital structure. The investment amount is also relatively insignificant
compared to the Company's total consolidated assets as of March 31, 2026, and therefore will not
have a material adverse effect on the Company's consolidated financial condition.

Based on financial projections for the 2026-2041 period, the expansion of NAP's business
activities is projected to yield a project Internal Rate of Return (IRR) of 13.654, higher than the
discount rate of 10.164, a positive Net Present Value (NPV) of Rp37,830 million, a Profitability
Index (PI) of 1.86x, and a Payback Period of approximately 7 years and 4 months. Thus, the
Proposed Change in Business Activities is projected to generate additional revenue and diversify
revenue sources for TB and the Company on a consolidated basis, as well as provide added value
for shareholders.

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11
Kawasan Rasuna Epicentrum

IR. H.R. Rasuna Said, Jakarta Selatan 12940 14 LRSA
Telp : 462 21 29248900 uk
Fax 1462 212157 2015 Kal

Unofficial English Translation pa NA, TOWER
«”  « BERSAMA
/ N GROUP

Iv. SUMMARY OF FEASIBILITY STUDY ON THE CHANGE OF BUSINESS ACTIVITIES

The Company has appointed KIPP MPR, a registered Public Appraisal Firm with business license
number 2.09.0070 through the Minister of Finance Decree No. 440/KM.1/2019 dated August 12, 2019,
to provide an opinion on the feasibility of the Change of Business Activities Plan in the form of
additional business activities for TB, namely the business activities of Network Access Point (KBLI:
61107 — Network Access Point).

The following is a summary of the feasibility study report on the Change of Business Activities Plan as
outlined in the Business Feasibility Study report for PT Tower Bersama ("TB") with No. 00017/2.0070-
00/BS/06/00168/1/VI/2026 dated June 29, 2026 ("Feasibility Study Report").

a. Objectives and Purposes of Feasilibity Study Report

The Feasibility Study Report aims to examine the Feasibility Study Object in connection with the
upcoming General Meeting of Shareholders related to the Addition of Business Activities Plan
in the future, reviewed from various aspects, including:

# Market feasibility analysis covering market conditions, business competitors, and marketing
strategies,

#  Oualitative and guantitative technical feasibility analysis covering capacity, availability, and
guality of resources, and production processes,

e Business model feasibility analysis covering competitive advantages due to the unigueness
of the business model, competitors' ability to imitate products, ability to create value over
transaction value fairness,

» Management model analysis covering workforce -availability, intellectual: property
management, risk management, management capacity and capability, and organizational
structure and management suitability:

# Financial feasibility analysis covering education costs, working capital, sources of financing,
Operating costs, raw material costs, financial statement projections, break-even analysis,
profitability analysis, and return on investment.

The purpose of the Feasibility Study Report is to provide an overview of the feasibility of the
Addition of Business Activities Plan, which will then be used asa reference and consideration by
the Company's management in order to comply with POJK 17/2020.

b. Key Limitations and Principal Assumptions

Principal Assumptions:

«All data and information obtained from the Company's management are accurate:

“  Macroeconomic and industry conditions are based on the latest conditions according to the
Current or upcoming years state budget adjusted to the Date of Business Feasibility Study
that has accommodated the current conditions related to the Object of the Business
Feasibility Study,

«The Company and TB have ensured that the Object of the Business Feasibility Study is not
invotved in legal issues or legal claims from third parties,

-  Theresults of limited tests forthe purpose and scope of the assignment can adeguately meet
the guantitative analysis needs,

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum | TRan

JI. H.R. Rasuna Said, Jakarta Selatan 12940 15 ceme

Telp : 462 21 2924 8900 sem | (USA
Fax 1462 212157 2015 z

Unofficial English Translation NI - TOWER
«' « BERSAMA
AN srour

# There are notax disputes, and all tax obligations by the Company and TB related to the Object
of the Business Feasibility Study can be fulfilled, both as part.of the business entity and as
the entire business entity,

# Financial projection assumptions for the Object of the Business Feasibility Study are believed
to be achievable and are assumptions that have considered risks and benefits for the
Company and TB.

The conclusion regarding feasible or not feasiable is based on the availability of information and
data obtained from the Company, as well as current external data and/or information believed
to be accurate based on the Appraisal Date set by the Company.

C. Conclusion / Opinian on the Feasibility of Change of Business Activities

Based on the analysis of market feasibility, technical feasibility, business model “feasibility,
management model feasibility, and financial feasibility, it can be concluded that the addition of
business activities such as Network Access Point (KBLI No. 61107) is projected to generate i
business profits, with a rate of return higher than the discount rate. Therefore, considering:the
Company's access to a sufficientiy strong market share, the Group's experience in the industry,

and the potential for value-added synergies from the Group's existing capabilities, the Appraiser -

is of the opinion that the addition of Network Access Point business activity is feasible.

PT Tower Bersama infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum RAR

Jl. H.R. Rasuna Said, lakarta Selatan 12940 16 Sami 9
Telp : 462 21 2924 8900 memar | (ASASI
Fax 1462 212157 2015 &

Unofficial English Translation NN - TOWER
»', « BERSAMA
AN sroup

v. GENERAL MEETING OF SHAREHOLDERS

The approval of Plan for Change of Business Activities from the shareholders at the General Meeting
of Shareholders (GMS) to be held by the Company on:

Day Date : Monday, August 24, 2026
Time : 10.00 WIB - finish
Venue : will be announced at GMS invitation date

The agenda related to the Plan for Change of Business Activities:

"Approval for the plan to change business activities (including discussions on the related business
feasibility study) to be carried out by PT Tower Bersama, which is a controlled company of the
Company, by adding business activities of Network Access Point, to comply with the provisions of
Article 32 in conjunction with Article 22 paragraph (1) subparagraph a of OJK Regulation No.
17/POJK.04/2020 regarding Material Transactions and Changes in Business Activities."

The GMS will be conducted in accordance with the Company's Articles of Association, POJK No.
17/2020, and POJK No. 15/2020. Therefore, for agenda items related to the above transaction plan,
the GMS can proceed to discuss such agenda if attended by shareholders or their proxies representing
more than 1/2 (one-half) of the total valid voting shares. The decision of the GMS on such agenda is
valid if approved by more than 1/2 (one-half) of the total valid voting shares present at the GMS.

If the guorum for the first GMS as described above is not met, then a second GMS can be held under
the condition that the second GMS is valid and entitled to make decisions if attended by shareholders
or their proxies representing at least 1/3 (one-third) of the total valid voting shares. The decision made
at the second GMS is valid if approved by more than 1/2 (one-half) of the total valid voting shares
present at the second GMS.

In the event that the guorum for attendance at the second GMS as described above is not met, then
a third GMS can be held under the condition that the third GMS is valid and entitled to make decisions
if attended by shareholders holding valid voting shares in the attendance guorum and decision
guorum set by OJK upon the Company's reguest.

Based on POJK No. 17/2020, in the case where the Plan for Change of Business Activities does not
receive approval from the GMS, then the plan can only be resubmitted for GMS approval 12 (twelve)
months after the non-approval GMS.

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum RGA

JI. H.R. Rasuna Said, Jakarta Selatan 12940 17 Gampeo

Telp 1462 21 2924 2900 - ra
Fax 1462 21 2157 2015 #

Unofficial English Translation Nu - TOWER

» BERSAMA
AN srour
For information, here are the dates related to the holding of the GMS:
1 Announcement of GMS and Disclosure of Information July 16, 2026
related to the Company's plan of Shares Buyback through
Indonesia Stock Exchange website and the Company's
website www.tower-bersama.com
2 Date of Shareholders List eligible to attend the GMS. July 30, 2026
3 Invitation of GMS through Indonesia Stock Exchange July 31, 2026

website and the Company's website www.tower-
bersama.com
4 Amendment or Additional Information on Disclosure of August 20, 2026
Indonesia through Indonesia Stock Exchange website and
the Company's website www.tower-bersama.com (if any),

2 days before GMS
5 GMS August 24, 2026
6 Summary of GMS Results through Indonesia Stock Exchange August 27, 2026
website and the Companys website www.tower-
bersama.com

PT Tower Bersama Infrastructure, Tbk
Gedung The Convergence Indonesia (TCI), Lantai 11

Kawasan Rasuna Epicentrum Rang
JI, H.R, Rasuna Said, Jakarta Selatan 12940 18 canne 2
Telp 1162 21 2924 8900 ma 3
Fax 1462 21 2157 2015 Z

NU, Tower
“) “ BERSAMA

Unofficial English Translation

N Group

VI. ADDITIONAL INFORMATION

For further information regarding the above matters, you can contact the Company during office hours

at the following address:

Corporate Secretary
PT. TOWER BERSAMA INFRASTUCTURE Tbk.
The Convergence Indonesia, Lantai 11
Kawasan Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta Selatan 12940, Indonesia
Telp. 62-21- 2924 8900
Fax. 62-21-2157 2015
www.tower-bersama.com

Email: corporate.secretary@tower-bersama.com

PT Tower Bersama Infrastructure, Tbk

Gedung The Convergence Indonesia (TCI), Lantai 11
Kawasan Rasuna Epicentrum RGA

Jl. H.R Rasuna Said, Jakarta Selatan 12940 19 AR 9
Telp : 462 21 2924 8900 ane | Mp

Fax 1162 21 2157 2015