20250414_SMMT_Penambahan Modal Tanpa HMETD_31875513_lamp2.pdf

With reference to the Information Disclosure regarding the Capital Increase Without Pre-Emptive Rights
(PMTHMETD) and the resolutions of the Extraordinary General Meeting of Shareholders of the Company
dated 26 November 2024, the Company hereby announces that it will carry out the PMTHMETD I in order to
provide added value for all stakeholders of the Company, including the public, and in order to carry out the
business activities and business development of the Company and/or its subsidiaries. The Company deems it
necessary to strengthen its capital structure and improve its financial position by issuing 275,000,000 (two
hundred seventy five million) new shares with a nominal value of IDR 125,00 (one hundred twenty five
Rupiah) per share (“New Shares”) with the implementation schedule as follows:

Estimated schedule for the issuance of additional shares from PMTHMETD I           :   23 April 2025

Estimated listing date of the additional shares from PMTHMETD I                    :   24 April 2025

Announcement of the results of PMTHMETD I implementation                           :   28 April 2025

All of the New Shares shall be subscribed by the investor:

 PT Sinar Unggul Internasional                                                                  131.750.000

 Darwin                                                                                           18.000.000

 Sumardi                                                                                          31.250.000

 Harun Pandapotan                                                                                 31.500.000

 Benny Pontian Muslim                                                                             43.750.000

 Angelo Fernandus                                                                                 18.750.000

 Total New Shares Issued from the Implementation of PMTHMETD I                                  275.000.000


Mr. Darwin, Mr. Sumardi, Mr. Harun Pandapotan, Mr. Benny Pontian Muslim, and Mr. Angelo Fernandus are
not affiliated parties to the Company.

Meanwhile, PT Sinar Unggul Internasional is an affiliated party to the Company due to the presence of 1 (one)
individual who serves as a member of the Board of Directors or Board of Commissioners in both entities.

The Company has made efforts to identify strategic investors; however, in light of the current challenging
economic conditions, the interest and availability of potential strategic investors have been significantly
limited. In connection with the exercise price of the PMTHMETD I, which is set at a level higher than the
average closing price over the last twenty-five (25) trading days, PT Sinar Unggul Internasional has emerged as
the party that has demonstrated seriousness and financial readiness to subscribe for the New Shares. In
addition, the management and human resources of PT Sinar Unggul Internasional possess experience in the
mining industry in Indonesia, with a strong track record in navigating various operational and financial
challenges in the sector. Accordingly, the Company is confident that PT Sinar Unggul Internasional has the
capacity to support the Company's business continuity and to unlock sustainable long-term growth potential,
in line with the expectations of all stakeholders.

The PMTHMETD I will be carried out at an exercise price of Rp800,00 (eight hundred Rupiah) per share. The
determination of the exercise price for PMTHMETD I is in accordance with the provisions of V.1.1 of Appendix
II to the Decree of the Board of Directors of PT Bursa Efek Indonesia Number Kep-00101/BEI/12-2021
concerning the Amendment to Regulation Number I-A on the Listing of Shares and Equity-Type Securities

Other Than Shares Issued by Listed Companies, whereby the exercise price shall be at least 90% (ninety
percent) of the average closing price of the Company’s shares over the 25 (twenty five) consecutive trading
days on the regular market prior to the date of the application for the implementation of PMTHMETD I.

Following the implementation of PMTHMETD I, the Company’s issued and paid-up capital will increase to
Rp428.125.000.000,00 (four hundred twenty eight billion one hundred twenty-five million Rupiah).


                                          Jakarta, 15 April 2025
                                       PT Golden Eagle Energy Tbk




                                                 Regards,
                             Board of Directors of PT Golden Eagle Energy Tbk