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                                                                                PRESS RELEASE
                                                                             28 February 2025


   No Raffle! Matahari Gives Away 600 Motorbikes to Top Spenders This Lebaran
To celebrate the festive spirit of Lebaran 2025, Matahari presents a special "Matahari Top
Spender" program, where customers have the chance to win spectacular prizes with no
raffle required. A total of 600 Honda Beat 2025 motorbikes and 2,000 shopping vouchers
will be awarded to customers with the highest transactions at all Matahari stores
nationwide from March 1 to March 31, 2025.




With no raffle involved, customers with the highest accumulated spending each week
will automatically take home prizes. The program spans four weeks, with a total prize pool
of:

          Week 1 (March 1-9) and Week 2 (March 10-16)
             o The Top 100 spenders each week will receive a Honda Beat 2025 motorbike
             o The next top 400 spenders each week will receive a Rp 200,000 shopping
                voucher
          Week 3 (March 17-23) and Week 4 (March 24-31)
             o The Top 200 spenders each week will receive a Honda Beat 2025 motorbike
             o The next top 600 spenders each week will receive a Rp 200,000 shopping
                voucher

Customers simply need to shop as much as possible during the program period to make
it onto the Top Spender list. Winners will be announced weekly through posters in Matahari
 Menara Matahari 12th Floor                                 T 62 21 547 5228
 Jl. Boulevard Palem Raya No. 7                             E corp.comm@matahari.com
 Karawaci, Tangerang 15811, Indonesia                       www.matahari.com
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stores, Matahari's social media channels, and SMS blasts. Matahari will fully cover all prize-
related taxes and the decision on the winners is final and cannot be disputed.

Rama Ishwara, Marketing & Brand Development Director at Matahari, stated "Matahari
continues to innovate to provide the best shopping experience. As we embrace the
joyous Lebaran season, we want to express our gratitude to our loyal customers through
the Top Spender program. This initiative is our way of appreciating their trust while
fostering a stronger connection with them."

This program reflects Matahari’s commitment to delivering added value and an
enjoyable shopping experience for customers. Make Lebaran 2025 even more
memorable with special prizes from Matahari. Visit your nearest Matahari store today and
seize the opportunity to win a Honda Beat 2025 motorbike and exciting shopping
vouchers.

                                                                                ###
About Matahari

Matahari is Indonesia’s leading retail platform, with a strong footprint of 143 outlets across 79 cities
and a growing digital presence. With over 60 years of history, Matahari offers a wide range of
quality, affordable fashion and lifestyle products for Indonesia’s middle class, supported by a team
of over 30,000 employees. Matahari's numerous awards and recognitions reflect its dedication to
excellence and innovation, underscoring its role as a dynamic and trusted brand in Indonesia.

For further information, please contact:
Corporate Communications / Investor Relations
Matahari
Tel: (62 21) 547 5228
E-mail: corp.comm@matahari.com, ir@matahari.com




This press release has been prepared by Matahari ("LPPF") and is circulated for the purpose of general information only. It is not intended for any specific person or
purpose and does not constitute a recommendation regarding the securities of LPPF. No warranty (expressed or implied) is made to the accuracy or completeness
of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. LPPF
disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part
of the contents of this press release and neither LPPF nor any of its affiliated companies and their respective employees and agents accepts liability for any errors,
omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements
Certain statements in this release are or may be forward- looking statements. These statements typically contain words such as "will", "expects" and "anticipates"
and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ
materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social, health and political
conditions in Indonesia; the state of the retail industry in Indonesia; prevailing market and operating conditions, raw material prices and Import restrictions;
competition from other companies; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental
and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and objectives of our

 Menara Matahari 12th Floor                                                                                      T 62 21 547 5228
 Jl. Boulevard Palem Raya No. 7                                                                                  E corp.comm@matahari.com
 Karawaci, Tangerang 15811, Indonesia                                                                            www.matahari.com
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management for future operations;. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those
estimated, anticipated or projected. Although we believe that the expectations of our management as reflected by such forward-looking statements are
reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not
unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them,
whether as a result of new information, future events or otherwise.




 Menara Matahari 12th Floor                                                                                T 62 21 547 5228
 Jl. Boulevard Palem Raya No. 7                                                                            E corp.comm@matahari.com
 Karawaci, Tangerang 15811, Indonesia                                                                      www.matahari.com

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