20250603_KRAS_Pemanggilan RUPS_31891374_lamp2.pdf

         Explanation:
         The basis for the Meeting agenda is the Article I number 118, Article 71 paragraph (1) UU BUMN
         Article 21 paragraph (2) letter c of the Company's Articles of Association, Article 33 paragraph (3)
         Regulation of the Minister of State-Owned Enterprises (“BUMN”) Number PER-1/MBU/03/2023
         Concerning Special Assignments and Social and Environmental Responsibility Programs for State-
         Owned Enterprises, 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 and Article 13 paragraph (1) of the OJK Regulation Number
         13/POJK.03/2017 concerning the Use of Public Accountants and Public Accounting Firms in Financial
         Services Activities.

4.       Approval on the Extension of the Delegation of the Authority to the Board of Commissioners to
         Declare the Definite 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 Issued Capital of the MCB Issuer in order to Convert
         the MCB into Converted Shares.

         Explanation:
         The basis for the Meeting agenda is the provisions of Article 41 paragraph (2) of the Companies
         Law in conjunction with Article 11 letter m of Deed of MCB Issuance Agreement Number 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") which stipulates that 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 issued capital of the MCB Issuer in order
         to convert the MCB into Converted Shares.


5.       Approval of the changes in the composition of the Board of Commissioners and/or the Board of
         Directors of the Company.

         Explanation:
         The basis for the Meeting agenda is the Article I number 60, Article 27D UU BUMN, Article 14
         paragraph (26) letter c of the Company’s Articles of Association, Article 42 paragraph (6) letter b
         and Article 71 paragraph (13) Regulation of the Minister of State-Owned Enterprises Number PER-
         3/MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises including
         the Article 3 in conjunction with Article 23 OJK Regulation 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 June 2, 2025, 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 the participation in the Meeting, Shareholders are required to read the terms
     and conditions provided along with this Invitation as well as other terms and conditions related to
     the implementation of the Meeting based on the Company’s authority and discretion. Other terms
     and conditions can be seen through the document 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 June 24, 2025, 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 of 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 on the Planning and Implementation of General Meeting of Shareholders of Public
      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, June 3, 2025
                                 PT Krakatau Steel (Persero) Tbk
                                        Board of Directors