20250319_JSMR_Tanggapan atas Permintaan Penjelasan Bursa_31869598_lamp1.pdf

3. Dampak pada keuangan Perseroan terkait pencatatan aset, kewajiban, serta potensi

keuntungan atau kerugian yang timbul atas likuidasi JLJ.

a.Dengan adanya penutupan PT JLJ, maka Perseroan menghentikan potensi
kerugian akibat aktivitas bisnis PT JLJ yang telah ditanggung Perseroan sejak tahun
2020,

b.Dalam masa pencatatan dan pengumpulan harta kekayaan dan utang PT JLJ,
berdasarkan Laporan Posisi Keuangan Likuidasi yang dibuat oleh Kantor Auditor
Independen Tanuwijaya per tanggal 31 Januari 2025, terdapat Sisa Kekayaan Hasil
Likuidasi PT JLJ sebesar Rp 19.251.779.069 yang telah dibagikan kepada PT Jasa
Marga (Persero) Tbk dan Induk Koperasi Karyawan Jasa Marga, selaku Pemegang
Saham PT JLJ.

4. Sebelum dilakukan likuidasi, upaya penyelamatan apa saja yang dilakukan Perseroan
sebelum adanya keputusan likuidasi?
Pada prinsipnya, likuidasi PT JLJ ini merupakan bagian dari optimalisasi portofolio
usaha yang dilakukan oleh Perseroan. Adapun PT JLJ juga telah melakukan upaya
efisiensi dalam menjalankan bisnisnya melalui penataan jumlah karyawan PT JLJ dari
693 karyawan PKWTT pada tahun 2019 menjadi 154 karyawan PKWTT pada tahun
2023 serta efisiensi biaya umum dan administrasi.

5. Bagaimana perkembangan proses likuidasi sejauh ini? Apakah sudah berjalan atau
masih dalam tahap administratif?
Menindaklanjuti hasil RUPSLB tanggal 8 Mei 2024, Para Pemegang Saham pada
tanggal 24 Februari 2025 telah menandatangani Berita Acara Sirkuler Keputusan Para
Pemegang Saham PT JLJ yang memutuskan menerima laporan pertanggungjawaban
likuidator dan sisa harta kekayaan sebesar Rp 19.251.779.069 akan diserahkan
kepada Pemegang Saham sesuai proporsi kepemilikan, yang kemudian diikuti dengan
pembagian sisa harta kekayaan kepada Para Pemegang Saham pada tanggal 25
Februari 2025 serta terdapat tambahan bunga giro kepada Pemegang Saham sebesar
Rp 12.130.810 berdasarkan Berita Acara Sirkuler Keputusan Para Pemegang Saham
PT JLJ pada tanggal 18 Maret 2025 dan akan diserahkan kepada Pemegang Saham
pada tanggal 20 Maret 2025.

Saat ini, proses penutupan PT JLJ berada pada tahapan Pemberitahuan kepada
Menteri Hukum dan HAM bahwa Likuidasi telah selesai, pengumuman melalui BNRI
(Berita Negara Republik Indonesia), dan pencatatan berakhirnya status badan hukum
oleh Menteri Hukum dan HAM yang direncanakan selesai di akhir Bulan Maret 2025.

6. Estimasi waktu penyelesaian likuidasi, termasuk pembayaran kepada pemegang
saham dan penyelesaian kewajiban lainnya.
Pada tanggal 24 Februari 2025, PT JLJ telah melakukan pembayaran sisa harta
kekayaan Perseroan melalui transfer kepada Pemegang Saham yaitu Jasa Marga (Rp
19,249 miliar) dan Induk Koperasi Karyawan Jasa Marga (Rp 1,811 juta) sesuai porsi
kepemilikan saham masing-masing pada PT JLJ serta terdapat tambahan bunga giro
kepada Pemegang Saham sebesar Rp 12.130.810 berdasarkan Berita Acara Sirkuler

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Keputusan Para Pemegang Saham PT JLJ pada tanggal 18 Maret 2025 dan akan
diserahkan kepada Pemegang Saham pada tanggal 20 Maret 2025.

Saat ini, likuidator sedang dalam tahap pemberitahuan kepada Menteri Hukum dan
HAM bahwa Likuidasi telah selesai, pengumuman melalui BNRI (Berita Negara
Republik Indonesia), dan pencatatan berakhirnya status badan hukum oleh Menteri
Hukum dan HAM diestimasikan selesai pada minggu keempat bulan Maret 2025.

7. Disebutkan bahwa sisa harta kekayaan JLJ sebesar Rp19,25 miliar akan diserahkan

kepada pemegang saham sesuai dengan proporsi kepemilikan, agar dijelaskan:

a. Mekanisme distribusi harta kekayaan JLJ.
Pada tanggal 24 Februari 2025, PT JLJ telah membagikan sisa harta kekayaan
Perseroan melalui transfer kepada Pemegang Saham yaitu Jasa Marga (Rp 19,249
miliar) dan Induk Koperasi Karyawan Jasa Marga (Rp 1.811 juta) sesuai porsi
kepemilikan saham masing-masing pada PT JLJ serta terdapat tambahan bunga
giro kepada Pemegang Saham sebesar Rp 12.130.810 berdasarkan Berita Acara
Sirkuler Keputusan Para Pemegang Saham PT JLJ pada tanggal 18 Maret 2025
dan akan diserahkan kepada Pemegang Saham pada tanggal 20 Maret 2025.

b. Elaborasi rencana alokasi harta kekayaan JLJ untuk modal kerja dan/atau investasi
di proyek strategis lainnya.
Adapun alokasi harta kekayaan JLJ akan dioptimalkan sebagai modal kerja
Perseroan.

c. Pengaruh terhadap strategi jangka panjang Perseroan dalam mengelola portofolio
jalan tol.
Tidak terdapat pengaruh material terhadap strategi jangka panjang Perseroan.

B. Pemberitaan Media Massa tanggal 24 Februari 2025 atas Asset Recycling Ruas Jalan

Tol Manado — Bitung (Tol Mabit) sepanjang 39,9 km.

1. Klarifikasi atas kebenaran berita tersebut.
Dalam hal ini, Perseroan pada dasarnya tidak memiliki rencana untuk melakukan
asset recycling pada Jalan Tol Mabit, namun saat ini Perseroan sedang dalam tahap
penjajakan dengan Badan Pengatur Jalan tol (BPJT) terkait rencana pengembalian
konsesi jalan tol tersebut atau alternatif lainnya sesuai ketentuan Perjanjian
Pengusahaan Jalan Tol, sehingga untuk detail prosesnya belum dapat kami
sampaikan kepada publik.

2. Apakah Perseroan telah melakukan Keterbukaan Informasi atas adanya pemberitaan
Asset Recycling Jalan Tol Manado — Bitung sepanjang 39,9 km?
Seperti yang sudah kami sampaikan sebelumnya bahwa Perseroan tidak berencana
melakukan asset recycling pada Jalan Tol Mabit sehingga Perseroan tidak melakukan
Keterbukaan Informasi atas pemberitaan tersebut.

3. Apakah Asset Recycling Tol Mabit merupakan strategi Perseroan yang telah
direncanakan sejak awal? Agar dielaborasi.
Pada prinsipnya, Asset Recycling merupakan strategi Perseroan untuk
mengoptimalkan struktur permodalannya dan saat ini Perseroan terbuka terhadap

KKHLAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif

skema asset recycling untuk ruas-ruas jalan tol yang kepemilikan saham
mayoritasnya masih dimiliki oleh Perseroan, serta memiliki tingkat kelayakan yang
optimal. Untuk Jalan Tol Mabit, fokus Perseroan saat ini adalah proses pengembalian
konsesi kepada Pemerintah.

4. Agar Perseroan sampaikan pendapatan dari operasional Tol Mabit dan nominal biaya
yang Perseroan tanggung periode 2023 dan 2024.
Pada periode 2023 dan 2024, Pendapatan dari operasional Tol Mabit masing-masing
tercatat sebesar Rp54,04 miliar dan Rp55,07 miliar, dengan beban usaha sebesar
Rp128,53 miliar pada 2023 dan Rp144,89 miliar pada 2024.

5. Dampak pada keuangan Perseroan terkait pencatatan aset, kewajiban, serta potensi
keuntungan atau kerugian yang timbul atas Asset Recycling Tol Mabit.
Seperti yang telah kami sampaikan sebelumnya, Perseroan tidak berencana
melakukan assef recycling pada Tol Mabit sehingga kami tidak dapat menyampaikan
dampak keuangan yang timbul akibat Asset Recycling Tol Mabit.

6. Sebelum dilakukan Asset Recycling, upaya penyelamatan apa saja yang dilakukan
Perseroan sebelum adanya keputusan Asset Recycling?
Perseroan tidak berencana melakukan asset recycling pada Tol Mabit, namun Toi
Mabit sendiri dalam menjalankan usahanya selalu mengedepankan efisiensi beban
usaha untuk menjaga kinerja.

7. Bagaimana perkembangan proses Asset Recycling sejauh ini? Apakah sudah ada
investor potensial yang menunjukan minat terhadap pelelangan Tol Mabit?
Perseroan tidak berencana melakukan asset recycling pada Tol Mabit sehingga
Perseroan tidak memiliki informasi atas investor potensial yang menunjukkan minat
untuk pelelangan Jalan Tol Mabit.

8. Estimasi waktu penyelesaian Asset Recycling termasuk pembayaran kepada
pemegang saham dan penyelesaian kewajiban lainnya.
Perseroan tidak berencana melakukan asset recycling pada Tol Mabit sehingga
Perseroan tidak memiliki informasi untuk estimasi waktu penyelesaian Asset
Recycling termasuk pembayaran kepada pemegang saham dan penyelesaian
kewajiban lainnya.

9. Disebutkan bahwa Tol Mabit juga dimiliki oleh PT Wijaya Karya Tbk (WIKA) dan PT
PP Tbk (PTPP), agar dijelaskan:
a. Apakah kedua perusahaan tersebut turut serta dalam keputusan pelepasan aset
Tol Mabit? Agar dielaborasi.
Perseroan berkoordinasi dengan WIKA dan PTPP atas penjajakan pengembalian
konsesi atau alternatif lainnya sesuai ketentuan PPJT di Tol Mabit dengan
Pemerintah.

AKELAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif

b. Klarifikasi kepemilikan Perseroan dan kedua perusahaan tersebut saat ini.
Saat ini, struktur kepemilikan saham PT JMB terdiri dari Perseroan sebesar
64,977o, WIKA sebesar 20,044, dan PTPP sebesar 14,999.

C. Apakah pemegang saham masih terlibat dalam pengambilan keputusan kegiatan
operasional Tol Mabit?
Seluruh pemegang saham Tol Mabit hingga saat ini masih terlibat dalam berbagai
pengambilan keputusan kegiatan operasionalnya sesuai ketentuan yang berlaku.

10. Informasi/fakta material lainnya yang dapat Perseroan sampaikan ke publik.
Tidak ada informasi/fakta material lainnya yang dapat Perseroan sampaikan ke
publik.

Demikian kami sampaikan, atas perhatiannya kami ucapkan terima kasih.

Ar

Ari Wibowo
Corporate Secretary & Chief
Administration Officer

Tembusan Yth.:
Direksi PT Jasa Marga (Persero) Tbk

noda seni

Kd R

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JASAMARGA

Indonesia Highway Corp.

No. 1 AB.PN.06.03.61 18 Maret 2025
Enc! p.
Subject 1 Explanation of PT Jasa Marga (Persero) Tbk (“the Company”) on News
in Mass Media
To.

Direktur Penilaian Perusahaan

PT Bursa Efek Indonesia

Indonesia Stock Exchange Building, Tower I
Jl. Jend Sudirman Kav 52-53

Jakarta 12190

Attn. Kepala Divisi Penilaian Perusahaan Group 2

Referring to the Letter of PT Bursa Efek Indonesia (the Indonesia Stock Exchange) No: S-
02670/BEI.PP2/03-2025 dated March 14, 2025 about Reguest for Further Explanation Regarding
the Liguidation of Subsidiaries and Asset Recycling, we hereby extend the explanation on the
news as follows:

A. Regarding the liguidation of PT Jalantol Lingkarluar Jakarta (JLJ), a subsidiary of the
Company.
1. What were the main reasons that led to JLJ's liguidation? Was it due to financial factors
such as continuous losses, or were there other strategic reasons?

The Company is implementing a long-term business strategy, including optimizing its
business portfolio and increasing toll road operation efficiency through economies of scale.

The Company has considered the following factors:

a. The termination of PT JLJ's contract with a third party (Hutama Karya) as the
primary client as of April 17, 2024, which resulted in JLJ no longer having a source
of revenue.

b. PT JLJ had recorded consecutive losses for 4 (four) years.

Based on these considerations, the Company decided to liguidate PT JLJ.

2. Please provide the revenue from JLJ's operations and the costs incurred by the Company
forthe years 2023 and 2024.
In 2023 and 2024, PT JLJ's operational revenue amounted to IDR 79.93 billion and IDR
20.04 billion, respectively, with operating expenses of IDR 82.19 billion and IDR 49.35
billion. It should be noted that PT JLJ has had no operational revenue since the termination
of its work contract on April 17, 2024, and the liguidation process began following the
Extraordinary General Meeting of Shareholders (EGMS) on May 8, 2024.

3. What are the financial impacts of JLYs liguidation in terms of asset recognition, liabilities,
and potential gains or losses?
a. With the closure of PT JLJ, the Company will no tonger bear losses from JLJ's business
activities, which have been a financial burden since 2020,

PT JASA MARGA (PERSERO) Tbk.
Plaza Tol Taman Mini Indonesia Indah
Jakarta 13550 - Indonesia

Tel. (62-21)841 3526, 841 3630
Fax. (62-21) 840 1533, 841 3540
AKHLAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif jasmar@jasamarga.com

wwwjasamarga.com

. Based on the Liguidation Financial Position Report prepared by the independent auditor

Tanuwijaya as of January 31, 2025, the remaining net assets from JLJ's liguidation
amounted to IDR 19,251,779,069, which has been distributed to PT Jasa Marga
(Persero) Tbk and the Jasa Marga Employee Cooperative as JLJ's shareholders.

4. What efforts were made to save JLJ before the liguidation decision was made?
Essentially, JLJ's liguidation was part of the Company's business portfolio optimization.
Efforts made by PT JLJ to improve its operations included reducing the number of
permanent employees from 693 in 2019 to 154 in 2023 and minimizing general and
administrative expenses.

5. What is the current progress of the liguidation process? Is it ongoing or still in the
administrative stage?
Following the EGMS on May 8, 2024, the shareholders signed the Shareholders' Circular
Resolution on February 24, 2025, approving the liguidator's final report and the distribution
of the remaining assets of IDR 19,251,779,069 to the shareholders, which was completed
on February 24, 2025, as well as an additional current account interest of IDR 12,130,810
to be distributed to the Shareholders, based on the Circular Resolution of the Shareholders
of PT JLJ dated March 18, 2025, which will be disbursed to the Shareholders on March 20,
2025.
Currently, the final stage of PT JLJ's closure includes notifying the Ministry of Law and
Human Rights that the liguidation has been completed, announcing it in the State Gazette
of the Repubiic of Indonesia (BNRI), and dfficially recording the dissolution of the legal
entity. These steps are expected to be completed by the end of March 2025.

6. What is the estimated timeline for completing the liguidation, including payments to
shareholders and the settlement of other liabilities?
On February 24, 2025, PT JLJ transferred the remaining net assets to its shareholders:
Jasa Marga (IDR 19.249 billion) and the Jasa Marga Employee Cooperative Parent Entity
(IDR 1.811 million) according to their shareholding proportions, as well as an additional
current account interest of IDR 12,130,810 to be distributed to the Shareholders, based on
the Circular Resolution of the Shareholders of PT JLJ dated March 18, 2025, which will be
disbursed to the Shareholders on March 20, 2025.
The liguidator is currently in the process of notifying the Ministry of Law and Human Rights
of the completed liguidation, publishing the announcement in BNRI, and officially closing
the legal entity, which is estimated to be finalized in the fourth week of March 2025.

7, Itwas stated that JLJ's remaining net assets of IDR 19.25 billion would be distributed to
shareholders. Please explain the following:
a. The mechanism for distributing JLJ's net assets.
On February 25, 2025, PT JLJ distributed its remaining net assets through bank transfers
to its shareholders: Jasa Marga (IDR 19.249 billion) and the Jasa Marga Employee
Cooperative Parent Entity (IDR 1.811 million) in accordance with their respective
ownership proportions, as well as an additional current account interest of IDR

AKELAK C Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif

12,130,810 to be distributed to the Shareholders, based on the Circular Resolution of the
Shareholders of PT JLJ dated March 18, 2025, which will be disbursed to the
Shareholders on March 20, 2025.

b. The plan for allocating JLJ's net assets for working capital and/or investment in other
strategic projects.
JLJ's net assets will be optimized as the Company's working capital.

c.The impact on the Company's long-term strategy in managing its toll road portfolio.
There is no material impact on the Company's long-term strategy.

B. Media Reports on February 24, 2025, Regarding the Asset Recycling of the Manado-Bitung

(Mabit) Toll Road (39.9 km).

1. Clarification on the accuracy of the news report.
The Company currently has no plans to conduct asset recycling for the Mabit Toll Road.
However, discussions are ongoing with the Toll Road Regulatory Agency (BPJT)
regarding the potential return of the toll road concession or alternative options under the
Toll Road Concession Agreement (PPJT). Therefore, no further details can be disclosed
at this time.

2. Has the Company made any official disclosures regarding the Asset Recycling of the
Manado-Bitung Toll Road (39.9 km)?
As previously stated, the Company does not plan to conduct asset recycling for the Mabit
Toll Road: therefore, no official disclosure has been made.

3. Was the Asset Recycling of the Mabit Toll Road part of the Company's long-term strategy?
Please elaborate.
In principle, asset recycling is a strategy the Company considers for optimizing its capital
structure. The Company remains open to asset recycling for toll roads where it holds a
majority stake and where feasibility is optimal. However, for the Mabit Toll Road, the
current focus is on returning the concession to the Government.

4. Please provide revenue and costs from Mabit Toll Road operations for 2023 and 2024.
In 2023 and 2024, the operational revenue from the Mabit Toll Road amounted to IDR
54.04 billion and IDR 55.07 billion, respectively, with operating expenses of IDR 128.53
billion in 2023 and IDR 144.89 billion in 2024.

5. What are the financial impacts of the Asset Recycling of the Mabit Toll Road?
As previously stated, the Company has no plans to conduct asset recycling for the Mabit
Toll Road: therefore, we are unable to provide information on the financial impact of such
an action.

6. What efforts were made to sustain Mabit Toli Road before considering asset recycling?
The Company has no plans to conduct asset recycling for the Mabit Toll Road, however,
Mabit Toll Road continues to prioritize cost efficiency in its operations to maintain
performance.

AKHLAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif

7. Has there been any interest from potential investors in acguiring the Mabit Toll Road?
The Company has no plans for asset recycling, therefore there is no information on
potential investors who have shown interest in this project.

8. Estimated timeline for the completion of Asset Recycling, including payments to
shareholders and the settiement of other obligations
Since the Company does not plan to conduct asset recycling, the Company has no
information regarding the estimated completion timeline for asset recycling as well as the
payments to shareholders or any other payments.

9. It has been mentioned that the Mabit Toll Road is also owned by PT Wijaya Karya Tbk

(WIKA) and PT PP Tbk (PTPP). Please provide ciarification on the following:

a. Did these two companies participate in the decision regarding the divestment of the
Mabit Toll Road? Please elaborate.
The Company is coordinating with WIKA and PTPP in exploring the return of the
concession or other alternatives in accordance with the Toll Road Concession
Agreement (PPJT) for the Mabit Toll Road and the Government.

b. Clarification on the current ownership structure of the Company and the two
companies.
Currently, the shareholding structure of PT JMB consists of the Company holding
64.9796, WIKA holding 20.044, and PTPP holding 14.994.

c. Are the shareholders still involved in the decision-making process for the operational

activities of the Mabit Toll Road?
All shareholders of the Mabit Toll Raad remain involved in various decision-making

processes related to its operations, in accordance with applicable regulations.

10. Other Material Information/Facts That the Company Can Disclose to the Public.
At present, the Company has no additional material information to disclose beyond what
has been stated above. However, any further significant developments will be
communicated in accordance with applicable disclosure regulations.

Thank you for your kind attention.

Ar

Ari Wibowo
Corporate Secretary & Chief
Administration Officer

PN ADS BKM

xXx ba R

AKHLAK -— Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif