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20260706_TOBA_Laporan Informasi dan Fakta Material_32108937_lamp1.pdf
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AMENDMENT AND/OR SUPPLEMENT TO THE DISCLOSURE OF INFORMATION
PT TBS ENERGI UTAMA TBK (THE "COMPANY")
IN RELATION TO MATERIAL TRANSACTION AND AFFILIATED PARTY TRANSACTION
THIS SUPPLEMENTAL DISCLOSURE OF INFORMATION HAS BEEN PREPARED AND ISSUED BY THE
COMPANY FOR THE SHAREHOLDERS IN ORDER TO COMPLY WITH THE PROVISIONS OF FINANCIAL
SERVICES AUTHORITY REGULATION NO.17/POJK.04/2020 ON MATERIAL TRANSACTIONS AND
CHANGES IN BUSINESS ACTIVITIES ("OJK REGULATION NO. 17/2020") AND FINANCIAL SERVICES
AUTHORITY REGULATION NO. 42/POJK.04/2020 ON AFFILIATED PARTY TRANSACTIONS AND
CONFLICT OF INTEREST TRANSACTIONS ("OJK REGULATION NO. 42/2020").
THE INFORMATION CONTAINED IN THIS SUPPLEMENTAL DISCLOSURE OF INFORMATION IS
IMPORTANT AND REQUIRES THE ATTENTION OF THE SHAREHOLDERS OF THE COMPANY.
IF YOU EXPERIENCE ANY DIFFICULTY IN UNDERSTANDING THE INFORMATION SET OUT IN THIS
DISCLOSURE OF INFORMATION OR ANY AMENDMENT AND/OR SUPPLEMENT THERETO, YOU SHOULD
CONSULT YOUR LEGAL ADVISER, INDEPENDENT PUBLIC ACCOUNTANT, FINANCIAL ADVISER OR
OTHER PROFESSIONAL ADVISER.
PT TBS ENERGI UTAMA Tbk
(the “COMPANY”)
Domiciled in South Jakarta
Business Activities:
Holding Company Activities and Other Management Consulting Activities (through investments in coal mining and
trading, oil palm plantations, while expanding its business as an independent power producer, as well as investments
in renewable energy, waste management businesses, and the wholesale and retail trading of motor
vehicles through its subsidiaries).
Head Office:
Treasury Tower Level 33, SCBD Lot.28, Jl. Jend. Sudirman Kav.52-53, Jakarta Selatan 12190, Indonesia
Phone: (62-21) 5020 0353, Facsimile: (62-21) 5020 0352
Email : corsec@thisistbs.com, Website: www.thisistbs.com
THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS OF THE COMPANY, WHETHER
INDIVIDUALLY OR JOINTLY, ACCEPT FULL RESPONSIBILITY FOR THE ACCURACY AND COMPLETENESS
OF THE INFORMATION DISCLOSED IN THIS AMENDMENT AND/OR SUPPLEMENT TO THE DISCLOSURE
OF INFORMATION AND, HAVING MADE DUE AND CAREFUL ENQUIRIES, CONFIRM THAT, TO THE BEST
OF THEIR KNOWLEDGE AND BELIEF, THERE IS NO MATERIAL INFORMATION WHICH HAS NOT BEEN
DISCLOSED THAT WOULD RENDER THE INFORMATION CONTAINED IN THIS AMENDMENT AND/OR
SUPPLEMENT TO THE DISCLOSURE OF INFORMATION UNTRUE AND/OR MISLEADING.
THIS AMENDMENT AND/OR SUPPLEMENT TO THE DISCLOSURE OF INFORMATION TO THE
SHAREHOLDERS CONSTITUTES AN INSEPARABLE PART OF, AND MUST BE READ TOGETHER WITH THE
COMPANY’S DISCLOSURE OF INFORMATION TO THE SHAREHOLDERS DATED 26 JUNE 2026.
This Amendment and/or Supplement to the Disclosure of Information is published on 6 July 2026.
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I. DEFINITION AND ABBREVIATIONS
Affiliation : has the meaning as referred to in Article 1 paragraph (1) of
the Capital Market Law (UUPM), namely:
a. familial relationship by marriage and descent to the
second degree, both horizontally and vertically:
1. husband or wife;
2. parents of a husband or wife and the husband or wife
of a child;
3. grandparents of a husband or wife and the husband
or wife of a grandchild;
4. siblings of a husband or wife and the husband or wife
of the sibling concerned; or
5. husband or wife of the sibling concerned.
b. familial relationship due to descent up to the second
degree, both horizontally and vertically, namely the
relationship between a person and:
1. parents and children;
2. grandparents and grandchildren; or
3. siblings of the person concerned.
c. relationship between a Party and its employees,
directors, or commissioners of said Party;
d. relationship between 2 (two) companies where there are
one or more members of the board of directors or board
of commissioners who are the same;
e. relationship between a company and a Party, whether
directly or indirectly, of controlling or being controlled by
said company;
f. relationship between 2 (two) companies that are
controlled, either directly or indirectly, by the same Party;
or
the relationship between the company and the main
shareholder, namely the party who directly or indirectly owns
at least 20% (twenty percent) of the shares that have voting
rights in the company.
AMES : Asia Medical Enviro Services Pte. Ltd. (Company Registration
No. 201814932G), a company duly incorporated under the
laws of the Republic of Singapore, having its registered office
at 12 Tuas Avenue 18, Singapore 638896. AMES is an
indirect subsidiary of the Company, with 100% of its shares
being indirectly owned by the Company.
Borrowers : Original Borrower and New Borrowers.
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CE : Cora Environment Pte. Ltd. (formerly known as SembWaste
Pte. Ltd.) (Company Registration No. 199507280G), a
company duly incorporated under the laws of the Republic of
Singapore, having its registered office at 1 Pasir Panjang
Road, #28-04, Labrador Tower, Singapore 118479. CE is an
indirect subsidiary of the Company, with 100% of its shares
being indirectly owned by the Company.
CEG : Cora Environment Group Pte. Ltd. (formerly known as
Sembcorp Environment Pte. Ltd.) (Company Registration
No. 199503447R), a company duly incorporated under the
laws of the Republic of Singapore, having its registered office
at 1 Pasir Panjang Road, #28-04, Labrador Tower, Singapore
118479. CEG is an indirect subsidiary of the Company, with
100% of its shares being indirectly owned by the Company.
CES : Cora Environment Services Pte. Ltd. (formerly known as
Sembcorp Enviro Services Pte. Ltd.) (Company Registration
No. 199804675H), a company duly incorporated under the
laws of the Republic of Singapore, having its registered office
at 1 Pasir Panjang Road, #28-04, Labrador Tower, Singapore
118479. CES is an indirect subsidiary of the Company, with
100% of its shares being indirectly owned by the Company.
DBS Bank Ltd. : DBS Bank Ltd., a company duly incorporated under the laws
of the Republic of Singapore (Company Registration No.
196800306E) and licensed as a bank under the Banking Act
1970 of Singapore, having its registered office at 12 Marina
Boulevard, DBS Asia Central, Marina Bay Financial Centre
Tower 3, Singapore 018982.
The Board of Commissioners : The members of the Board of Commissioners of the
Company serving as of the date of this Supplemental
Disclosure of Information.
The Board of Directors : The members of the Board of Directors of the Company
serving as of the date of this Supplemental Disclosure of
Information.
Existing Lenders or Existing : Bangkok Bank Public Company Limited, Singapore Branch;
Senior Lenders Bank of China Limited, Singapore Branch; DBS Bank Ltd.;
E.Sun Commercial Bank, Ltd., Singapore Branch; Malayan
Banking Berhad, Singapore Branch; RHB Bank Berhad
(acting through its Singapore Branch); Société Générale
(acting through its Singapore Branch); and Taishin
International Bank Co., Ltd., Singapore Branch.
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Disclosure of Information : The Company's Disclosure of Information dated 26 June
2026 (including the correction on 29 June 2026).
Supplemental Disclosure of : The supplement to the Company's previously disclosed
Information Disclosure of Information, containing additional information
relating to the Novation Transaction, the Amendment and
Restatement Intercreditor Agreement, the Hedging
Agreements, and the Security Documents, which form part
of a series of transactions and are inseparable from the
Amendment and Restatement Agreement, prepared in order
to comply with the provisions of OJK Regulation No. 17/2020
and OJK Regulation No. 42/2020.
Lenders : Existing Lenders or Existing Senior Lenders and New Lender
or Acceding Senior Lenders.
New Guarantor : AMES.
New Borrowers : SBT Invest and Taonga.
New Lender or Acceding : Natixis, Singapore Branch.
Senior Lenders
Original Borrower : CEG.
Original Guarantors : CE and CES.
Original Lender : DBS Bank Ltd.
Financial Services Authority : An independent state institution having the functions, duties,
of the Republic of Indonesia and authorities to regulate, supervise, examine, and
(OJK) investigate as referred to in Article 1 point 1 of Law No. 21 of
2011 on the Financial Services Authority ("OJK Law"), in
conjunction with the Decision of the Constitutional Court of
the Republic of Indonesia in Case No. 25/PUU-XII/2014,
pronounced on 4 August 2015.
OJK Regulation No. 17/2020 : Financial Services Authority Regulation
No. 17/POJK.04/2020 concerning Material Transactions and
Changes of Business Activities, promulgated on 21 April
2020.
OJK Regulation No. 42/2020 : Financial Services Authority Regulation
No. 42/POJK.04/2020 concerning Affiliated Party
Transactions and Conflict of Interest Transactions, enacted
on 1 July 2020.
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The Company : PT TBS Energi Utama Tbk, a publicly listed limited liability
company duly established and existing under the laws of the
Republic of Indonesia, having its registered domicile in South
Jakarta and its registered office at Treasury Tower, Level 33,
District 8, SCBD Lot 28, Jl. Jend. Sudirman Kav. 52–53,
Jakarta 12190, Indonesia.
Controlled Company : Any company controlled, directly or indirectly, by the
Company. For this purpose, Control means the power to
direct the management or material policies of an entity,
whether through ownership of voting shares, by contract or
otherwise. Without limiting the foregoing, the direct or
indirect beneficial ownership of at least fifty per cent (50%)
of the voting shares of an entity shall be deemed to constitute
Control.
PT SBT : PT Solusi Bersih TBS, a company established and existing
under the laws of the Republic of Indonesia, with the
Business Registration Number 2807230115965, domiciled in
Treasury Tower 33rd Floor, District 8, SCBD Lot 28, Jl Jend.
Sudirman Kav 52-53, South Jakarta, DKI Jakarta, 12190,
Indonesia. PT SBT is a Controlled Company, where all the
paid-up and issued shares is owned either directly or
indirectly by the Company.
SBT 1 : SBT Investment 1 Pte. Ltd. (Company Registration No.
202435235C), a company incorporated in the Republic of
Singapore, having its registered office at 1 Pasir Panjang
Road, #28-04, Labrador Tower, Singapore 118479. SBT 1 is
a Controlled Company of the Company, all of the issued and
outstanding shares of which are indirectly wholly owned by
the Company.
SBT 2 : SBT Investment 2 Pte. Ltd. (Company Registration No.
202435497H), a company incorporated in the Republic of
Singapore, having its registered office at 1 Pasir Panjang
Road, #28-04, Labrador Tower, Singapore 118479. SBT 2 is
a Controlled Company of the Company, all of the issued and
outstanding shares of which are indirectly wholly owned by
the Company.
SBT Invest : SBT Invest Pte. Ltd. (Company Registration No.
202434948M), a company incorporated in the Republic of
Singapore, having its registered office at 1 Pasir Panjang
Road, #28-04, Labrador Tower, Singapore 118479. SBT
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Invest is a Controlled Company of the Company, all of the
issued and outstanding shares of which are indirectly wholly
owned by the Company.
Senior Facilities Agreement : The senior facilities agreement originally dated 26 March
2025 made among the Original Borrower, DBS Bank Ltd.
(acting as Structuring Bank, Mandated Lead Arranger and
Bookrunner, Agent, and Common Security Agent), the
Original Guarantors and the Original Lender (as further
amended from time to time prior to the date of the
Amendment and Restatement Agreement (as defined in
Section III below)).
Taonga : Taonga Holdings Pte. Ltd. (Company Registration No.
202021023Z), a company incorporated in the Republic of
Singapore, having its registered office at 600 North Bridge
Road, #08-01/02, Parkview Square, Singapore 188778.
Taonga is a Controlled Company of the Company, all of the
issued and outstanding shares of which are indirectly wholly
owned by the Company.
II. INTRODUCTION
As previously disclosed in the Disclosure of Information dated 26 June 2026, CEG, SBT Invest, and
Taonga, together with DBS Bank Ltd. (acting as the Structuring Bank, Mandated Lead Arranger and
Bookrunner, Agent, and Common Security Agent), the Original Guarantors, the New Guarantor, the
Existing Lenders, and the New Lender, entered into an Amendment and Restatement Agreement
dated 24 June 2026 in relation to the amendment and restatement of the Senior Facilities Agreement
(the "Amendment and Restatement Agreement").
In connection with the Amendment and Restatement Agreement: (i) CEG (as the Original Borrower)
and DBS Bank Ltd. (acting as the Agent, Mandated Lead Arranger, Bookrunner, Common Security
Agent, and Hedge Counterparty) entered into the Amendment and Restatement Intercreditor
Agreement, amending and restating the Intercreditor Agreement, on 3 July 2026; (ii) (a) SBT Invest
and DBS Bank Ltd. entered into the International Swaps and Derivatives Association (ISDA) Master
Agreement and Schedule on 2 July 2026, (b) Taonga and DBS Bank Ltd. entered into the International
Swaps and Derivatives Association (ISDA) Novation Agreement on 3 July 2026, and (c) CEG and DBS
Bank Ltd. entered into the International Swaps and Derivatives Association (ISDA) Novation
Agreement and Schedule on 3 July 2026 ((a), (b), and (c), collectively, the "Hedging Agreements");
(iii) SBT 2, as the borrower, CEG, as the original lender, and SBT Invest, as the new lender, entered
into the Intercompany Loan Novation Agreement on 3 July 2026 in the amount of SGD263,400,000
(two hundred sixty-three million four hundred thousand Singapore Dollars) (the "Novation
Transaction"); and (iv) the execution of the Security Documents (as defined in Section III.A) on 3 July
2026.
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The Novation Transaction, the Amendment and Restatement Intercreditor Agreement, the Hedging
Agreements, and the execution of the Security Documents form part of a series of transactions and
are inseparable from the Amendment and Restatement Agreement.
CEG, SBT Invest, SBT 2, Taonga, AMES, CE, CES, and SBT 1 are all Controlled Companies of the
Company, all of whose shares are owned by the Company.
The Novation Transaction fulfils the criteria of a Material Transaction as contemplated under OJK
Regulation No. 17/2020. The Novation Transaction also constitutes an Affiliated Party Transaction,
as CEG, SBT Invest, and SBT 2 are Controlled Companies of the Company and, accordingly, are
Affiliates pursuant to Article 1 paragraph (3) of OJK Regulation No. 42/2020. Furthermore, pursuant
to Article 11 of OJK Regulation No. 17/2020, the Novation Transaction is not required to obtain a
fairness opinion from an independent appraiser or prior approval from the General Meeting of
Shareholders, as it constitutes a transaction between Controlled Companies whose shares are at least
99% (ninety-nine percent) owned by the Company. Accordingly, the Company is only required to
announce the disclosure of information to the public and submit a report to the OJK no later than 2
(two) business days after the date of the Material Transaction.
Furthermore, the Amendment and Restatement Intercreditor Agreement and the Hedging
Agreements constitute Affiliated Party Transactions due to the common membership of the Board of
Commissioners or Board of Directors, whereby Ms. Judy Lee serves as an Independent Commissioner
of the Company and concurrently as an Independent Director of DBS Bank Ltd. Accordingly, the
parties are Affiliates pursuant to Article 1 paragraph (3) of OJK Regulation No. 42/2020. The
Amendment and Restatement Intercreditor Agreement, the Hedging Agreements, and the execution
of the Security Documents are exempt from the requirements under Article 4 paragraph (1) of OJK
Regulation No. 42/2020 because they constitute: (i) loan transactions obtained directly from banks,
venture capital companies, financing companies, or infrastructure financing companies, whether
domestic or foreign; and (ii) transactions involving the provision of security in favour of banks, venture
capital companies, financing companies, or infrastructure financing companies, whether domestic or
foreign, in respect of loans obtained directly by the Public Company or its Controlled Companies, as
provided under Article 6 paragraph (1) letters d and e of OJK Regulation No. 42/2020.
The Novation Transaction, the Amendment and Restatement Intercreditor Agreement, and the
Hedging Agreements do not constitute Conflict of Interest Transactions, as there is no difference
between the economic interests of the Company and its Controlled Companies, on the one hand, and
the personal economic interests of any member of the Board of Directors, member of the Board of
Commissioners, or major shareholder of the Company, on the other hand, that may be detrimental to
the Company, as contemplated under OJK Regulation No. 42/2020.
Pursuant to Article 33 letter (a) of OJK Regulation No. 17/2020 and Article 24 paragraph (1) of OJK
Regulation No. 42/2020, where a Material Transaction also constitutes an Affiliated Party
Transaction, the Company is only required to comply with the provisions of OJK Regulation
No. 17/2020. Accordingly, the Company will comply with the provisions of OJK Regulation
No. 17/2020.
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III. DESCRIPTION OF THE TRANSACTION
A. OBJECT OF TRANSACTION
As a follow-up to, and as part of a series of transactions that are inseparable from the Amendment
and Restatement Agreement, the parties have entered into the following agreements:
1. Intercompany Loan Novation Agreement
On 3 July 2026, SBT 2, as the borrower, CEG, as the original lender, and SBT Invest, as the
new lender, entered into the Intercompany Loan Novation Agreement, which is governed by
the laws of Singapore.
2. Hedging Agreements
For hedging purposes in connection with the Amendment and Restatement Agreement, as
required under the Amendment and Restatement Agreement:
a. SBT Invest and DBS Bank Ltd. entered into the Hedging Agreement on 2 July 2026, which
is governed by the laws of Singapore;
b. Taonga and DBS Bank Ltd. entered into a Novation Agreement on 3 July 2026, which is
governed by the laws of Singapore; and
CEG and DBS Bank Ltd. entered into a Novation Agreement on 3 July 2026, which is governed
by the laws of Singapore.
3. Amendment and Restatement Intercreditor Agreement
On 3 July 2026, CEG (as the Original Borrower), DBS Bank Ltd. (acting as the Agent,
Mandated Lead Arranger, Bookrunner, Common Security Agent, and Hedge Counterparty),
together with the other parties referred to in Section C. Parties to the Transactions, entered
into the Amendment and Restatement Intercreditor Agreement to amend and restate the
arrangements among the lenders as a result of the changes to the lender parties under the
Amendment and Restatement Agreement. The Amendment and Restatement Intercreditor
Agreement is governed by the laws of Singapore.
4. Security Documents
On 3 July 2026, the Company's Controlled Companies executed additional security
documents to secure the obligations of the Borrowers under the Amendment and
Restatement Agreement, as follows:
1. Security Document (Debenture) granted by AMES in favour of DBS Bank Ltd.;
2. Security Document (Account Charge) granted by CEG in favour of DBS Bank Ltd.;
3. Security Document (Debenture) granted by CEG in favour of DBS Bank Ltd.;
4. Security Document (Shares) granted by SBT 2 in favour of DBS Bank Ltd.;
5. Security Document (Mortgage) granted by CEG in favour of DBS Bank Ltd.;
6. Security Document (Mortgage) granted by CES in favour of DBS Bank Ltd.;
7. Security Document (Debenture) granted by CE in favour of DBS Bank Ltd.;
8. Security Document (Debenture) granted by CES in favour of DBS Bank Ltd.;
9. Security Document (Debenture) granted by SBT Invest in favour of DBS Bank Ltd.;
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10. Security Document (Debenture) granted by SBT 1 in favour of DBS Bank Ltd.;
11. Security Document (Debenture) granted by SBT 2 in favour of DBS Bank Ltd.;
12. Security Document (Shares and Shareholder Loans) granted by PT SBT in favour of DBS
Bank Ltd.; and
13. Security Document (Debenture) granted by Taonga in favour of DBS Bank Ltd.,
(collectively, the "Security Documents").
The Security Documents are in addition to the following security documents previously
executed on 25 June 2026:
1. Security Document (Account Charge (Supplemental)) granted by CEG in favour of DBS
Bank Ltd.;
2. Security Document (Debenture (Supplemental)) granted by CEG in favour of DBS Bank
Ltd.;
3. Security Document (Shares (Supplemental)) granted by SBT 2 in favour of DBS Bank
Ltd.;
4. Security Document (Debenture (Supplemental)) granted by CE in favour of DBS Bank
Ltd.; and
5. Security Document (Debenture (Supplemental)) granted by CES in favour of DBS Bank
Ltd.
The above security interests secure all obligations of the Borrowers under the Amendment
and Restatement Agreement. All Security Documents are governed by the laws of Singapore.
The Security Documents form part of the Security Documents referred to in the Disclosure of
Information.
The principal risk that may arise if the Security Documents are enforced is the liquidity risk of
the providers of the Security Documents.
B. TRANSACTION VALUE
The Novation Transaction constitutes a novation of an intercompany loan in the amount of
SGD263,400,000 (two hundred sixty-three million four hundred thousand Singapore Dollars).
The Novation Transaction constitutes a Material Transaction as contemplated under OJK
Regulation No. 17/2020. However, it is not required to obtain a fairness opinion from an
independent appraiser or prior approval from the General Meeting of Shareholders, as it
constitutes a transaction between Controlled Companies whose shares are at least 99% (ninety-
nine percent) owned by the Company.
The Amendment and Restatement Intercreditor Agreement does not have a transaction value, as
it is an agreement governing the arrangements among the lenders arising from the changes to
the parties acting as lenders under the Amendment and Restatement Agreement.
Furthermore, the Hedging Agreements do not have a specific transaction value, as it constitutes
a hedging transaction in respect of the loan facility provided under the Amendment and
Restatement Agreement, as required under the Amendment and Restatement Agreement. The
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Hedging Agreements form part of a series of transactions and are inseparable from the
Amendment and Restatement Agreement.
The Security Documents secure the Term Facility of up to SGD345,000,000 and the Revolving
Credit Facility of up to SGD40,000,000 under the Amendment and Restatement Agreement.
C. PARTIES TO THE TRANSACTION
The parties to the Novation Transaction are as follows:
1. SBT 2, as the borrower;
2. CEG, as the original lender; and
3. SBT Invest, as the new lender.
The parties to the Amendment and Restatement Intercreditor Agreement include:
1. DBS Bank Ltd., as the Agent, Mandated Lead Arranger, Bookrunner, Common Security Agent,
and Hedge Counterparty;
2. the Financial Institutions acting as the Existing Senior Lenders;
3. the Financial Institutions acting as the Acceding Senior Lenders;
4. CEG, as the Existing Debtor;
5. SBT Invest, Taonga, AMES, SBT 1, SBT 2, and PT SBT, as the Acceding Debtors;
6. SBT 2, as the Existing Intra-Group Lender;
7. SBT 1, CEG, SBT Invest, and AMES, as the Acceding Intra-Group Lenders; and
8. PT SBT, as the Subordinated Creditor.
The parties to the Hedging Agreements entered into for hedging purposes in respect of the loan
facilities provided under the Amendment and Restatement Agreement are SBT Invest, CEG,
Taonga, and DBS Bank Ltd.
The parties to the Security Documents are as set out in Section A above.
D. BACKGROUND, RATIONALE AND REASONS FOR THE COMPANY’S MATERIAL
TRANSACTION
The implementation of the Novation Transaction, the Amendment and Restatement Intercreditor
Agreement, the Hedging Agreements, and the Security Documents forms part of a series of
transactions that are inseparable from the financing undertaken in connection with the
Amendment and Restatement Agreement and is undertaken as part of the Company's strategy
to optimize the financing structure of its Controlled Companies. Through the Amendment and
Restatement Agreement, including but not limited to the Novation Transaction, the Amendment
and Restatement Intercreditor Agreement, the Hedging Agreements, and the Security
Documents, the Company is expected to achieve a more efficient financing structure, including
in terms of cost of funds, financing tenor, and flexibility in managing its financial obligations,
thereby providing greater benefits to the Company and its Controlled Companies and supporting
the sustainable conduct of the Company's business activities.
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There is no material impact of the material event, information, or fact on the financial condition
of the Company.
IV. STATEMENT OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS
OF THE COMPANY
The Board of Directors and the Board of Commissioners of the Company hereby declare that:
1. In relation to the Amendment and Restatement Intercreditor Agreement, the Hedging
Agreements, and the Security Documents, an Affiliation exists between the Company and DBS
Bank Ltd., as Ms. Judy Lee serves as an Independent Commissioner of the Company and
concurrently as an Independent Director of DBS Bank Ltd. Accordingly, the Amendment and
Restatement Intercreditor Agreement, the Hedging Agreements, and the Security Documents
constitute Affiliated Party Transactions but do not constitute Conflict of Interest Transactions as
contemplated under OJK Regulation No. 42/2020. The Amendment and Restatement
Intercreditor Agreement and the Hedging Agreements form part of a series of transactions and
are inseparable from the Amendment and Restatement Agreement as contemplated under OJK
Regulation No. 42/2020 and OJK Regulation No. 17/2020.
2. In relation to the Novation Transaction, an Affiliation exists as CEG, SBT Invest, and SBT 2 are
Controlled Companies of the Company and, accordingly, are Affiliates. Accordingly, the Novation
Transaction constitutes an Affiliated Party Transaction but does not constitute a Conflict of
Interest Transaction as contemplated under OJK Regulation No. 42/2020. The Novation
Transaction forms part of a series of transactions and is inseparable from the Amendment and
Restatement Agreement as contemplated under OJK Regulation No. 42/2020 and OJK
Regulation No. 17/2020.
3. The Board of Directors and the Board of Commissioners of the Company have: (i) carefully
reviewed the information available in relation to the Novation Transaction, the Amendment and
Restatement Intercreditor Agreement, the Hedging Agreements, and the Security Documents, as
described in this Supplemental Disclosure of Information; and (ii) conducted reasonable due
inquiry and, to the best of the knowledge and belief of the Board of Directors and the Board of
Commissioners of the Company, all material information relating to the Novation Transaction, the
Amendment and Restatement Intercreditor Agreement, Hedging Agreements and the Security
Documents has been disclosed in this Supplemental Disclosure of Information, and such material
information relating thereto is not misleading.
4. The Board of Directors and the Board of Commissioners of the Company accept full responsibility
for the accuracy and completeness of all information contained in this Supplemental Disclosure
of Information.
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V. ADDITIONAL INFORMATION
To obtain further information in relation to the Company's Novation Transaction, the Amendment and
Restatement Intercreditor Agreement, and the Hedging Agreements and the Security Documents the
Company's shareholders may contact the Company's Corporate Secretary during the Company's
business days and business hours at the Company's head office at the following address:
PT TBS Energi Utama Tbk
Treasury Tower Level 33, SCBD Lot.28,
Jl. Jend. Sudirman Kav.52-53, Jakarta Selatan 12190, Indonesia
Email: corsec@thisistbs.com
Phone: +62 21 5020 0353
Jakarta, 6 July 2026
PT TBS Energi Utama Tbk
The Board of Directors of the Company
12
Names mentioned 22 people and organisations named in the text · linked when the evidence is strong
unresolved
org
FINANCIAL SERVICES AUTHORITY
p.1 ×4
unresolved
org
Asia Medical Enviro Services Pte. Ltd.
p.2
unresolved
org
Cora Environment Pte. Ltd.
p.3
unresolved
org
SembWaste Pte. Ltd.
p.3
unresolved
org
Cora Environment Group Pte. Ltd.
p.3
unresolved
org
Sembcorp Environment Pte. Ltd.
p.3
unresolved
org
Cora Environment Services Pte. Ltd.
p.3
unresolved
org
Sembcorp Enviro Services Pte. Ltd.
p.3
unresolved
org
Bangkok Bank Public Company Limited
p.3
unresolved
org
China Limited
p.3
unresolved
org
Bank Berhad
p.3
unresolved
org
Taishin International Bank Co., Ltd.
p.3
unresolved
org
PT SBT
p.5 ×5
unresolved
org
PT Solusi Bersih TBS
p.5
unresolved
org
Pte. Ltd.
p.5 ×2
unresolved
org
SBT Invest Pte. Ltd.
p.5
unresolved
org
Taonga Holdings Pte. Ltd.
p.6
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
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confidence 0.091
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12 Sep 2026 21:51
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