20250319_LPPF_Pemanggilan RUPS_31869719_lamp3.pdf

     carried out after obtaining approval from the AGMS with reference to the provisions
     stipulated in the UUPT; and

3.   For the 6th Agenda of the AGMS, the Company plans to buy back the shares that have
     been issued by the Company. The repurchase of shares will be carried out with reference
     to the provisions stipulated in UUPT, Law no. 8 of 1995 concerning Capital Market, and POJK
     29/2023.

Notes:

1.   In connection with the execution of the Meeting, the Company will not send separate
     invitations to each of the Company's Shareholders, and therefore, this invitation serves as
     the official and valid invitation for all of the Company's Shareholders. Additionally, this
     Invitation is available on the Company's website https://www.matahari.com/corporate/,
     IDX website, and KSEI website.

2.   Shareholders entitled to attend the Meeting may: (i) vote at the Meeting electronically
     through the eASY.KSEI platform (https://easy.ksei.co.id) or (ii) authorize representative of PT
     Sharestar Indonesia, the Company's Share Registrar, who was appointed as an
     independent party, either through the e-proxy mechanism provided by KSEI or by
     submitting the Power of Attorney form available for download on the Company's website.
     Detailed provisions for granting power of attorney are further explained below. Guidelines
     for using the eASY.KSEI facility can be accessed via the following link:
     https://www.ksei.co.id/data/download-data-and-user-guide.

3.   To participate in Meeting electronically, Shareholders can access the website
     https://akses.ksei.co.id and follow the procedures and guidelines for using the AKSes.KSEI
     facility contained therein.

4.   To attend the Meeting physically, the Company urges shareholders to confirm their
     physical attendance in advance via email to ir@matahari.com no later than 2 working
     days before the Meeting date.

5.   Those entitled to attend or be represented by the valid Power of Attorney at the Meeting
     are:
     a. For shares of the Company that have not been registered in the Collective Custody of
         PT Kustodian Sentral Efek Indonesia (“KSEI”), whose names are recorded in the Register
         of Shareholders of the Company on March 18th, 2025 at the latest up to 16.00 Western
         Indonesia Time (“WIB”) made by PT Sharestar Indonesia as the Company's Securities
         Administration Bureau located in Jakarta and having its address at Sopo Del Office
         Towers & Lifestyle Tower B, 18th Floor, Jl. Mega Kuningan Barat III, Lot 10. 1-6 Kawasan
         Mega Kuningan, Jakarta 12950;

     b. For shares of the Company that are in the KSEI Collective Custody or at a Custodian
        Bank ("BK") or at a Securities Company ("PE"), only the legitimate account holders
        whose names are registered as shareholders of the Company in securities account of
        KSEI or BK or PE and in the Register of Shareholders of the Company as on March 18th,
        2025 at 16:00 WIB.

6.   The submission of the power of attorney to the authorized proxies should include any
     questions from shareholders or statements related to the Meeting agenda (if applicable).

7.   Meeting Materials can be downloaded directly from the Company's website and eASY.KSEI
     platform from the date of this invitation until the date of the Meeting.


                                                                                          Page 2 of 3

Power of Attorney

Shareholders who will attend, cast their votes and submit questions at the Meeting by granting
power of attorney shall refer to the following provisions:

1.   The Company provides 2 (two) types of power of attorney to the Shareholders, namely (i)
     Conventional Power of Attorney which can be downloaded through the Company's
     website and (ii) through e-Proxy which can be accessed electronically on the platform
     eASY.KSEI through (https://easy.ksei.co.id).

     a. A conventional Power of Attorney is a form that includes voting instructions and
        questions for each agenda item. Shareholders must complete and sign The Power of
        Attorney form along with any required supporting documents, and submit them to the
        Company no later than April 08th, 2025 at 16.00 WIB via email to ir@matahari.com. The
        power of attorney shall be granted to PT Sharestar Indonesia, the Company’s Share
        Registrar, as an independent party appointed by the Company. Shareholders are
        requested to include their ID cards or other forms of identification with each Power of
        Attorney submission.

        Information regarding the independent proxy appointed by the Company can be
        obtained through the Company's website.

     b. The E-Proxy system, accessible through eASY.KSEI is provided by KSEI to enable scripless
        shareholders whose shares are held in KSEI Collective Custody to electronically
        delegate proxies. The Proxy available at eASY.KSEI is an independent party appointed
        by the Company. Power of attorney based on e-proxy can be submitted via the
        eASY.KSEI website at the following link (https://easy.ksei.co.id) no later than April 09th,
        2025 at 12.00 WIB.

2.   Shareholder's Representative or Proxy in the form of legal entities ("Legal Entity
     Shareholders") must submit:

     a. Photocopy of Legal Entity Shareholders' statutes which are in force at the time the
        Meeting is held;

     b. Photocopy of the deed of appointment of members of the board of directors that is
        valid at the time of the Meeting, along with the evidence of notification and
        registration to the relevant authority, including but not limited to notification to the
        Minister of the Law and Human Rights of the Republic of Indonesia;

     to the Company via email to ir@matahari.com no later than April 08th, 2025 at 16.00 WIB.

3.   Only validated Power of Attorneys, confirming the status of the holder as a shareholder of
     the Company, enable attendance at the Meeting and count towards the quorum for
     decision-making.


                                       Jakarta, March 19th, 2025
                                   PT Matahari Department Store Tbk
                                          Board of Directors




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