20241213_FASW_Keterbukaan Informasi terkait Aksi Korporasi_31819039_lamp1.pdf

       INFORMATION IN RELATION TO THE CAPITAL INCREASE WITH PRE-EMPTIVE RIGHTS

The Company proposes to increase its capital by granting Pre-emptive Rights to the Company's
shareholders through a limited public offering (penawaran umum terbatas or "PUT") mechanism by issuing
a maximum of 1,000,000,000 (one billion) of new shares which are ordinary shares with a nominal value
of Rp500.00 (five hundred Rupiah) per share ("New Shares”). The number of shares to be issued will
depend on the Company's need for funds and the price of of the Pre-emptive Rights exercise. In the event
of a change in the maximum number of shares to be issued, the Company will announce it at the same time
as the Invitation to the Extraordinary General Meeting of Shareholders ("EGMS") which is planned to be
conducted on 30 December 2024.

The New Shares will be issued from the Company's portfolio and listed on the Indonesia Stock Exchange
("IDX") in accordance with applicable laws and regulations, including IDX Regulation No. I-A regarding the
Listing of Shares and Equity Securities Other than Shares Issued by Listed Companies, Attachment to the
Decree of the IDX Board of Directors No. Kep-00101/BEI/12-2021 dated 21 December 2021 ("IDX
Regulation No.I-A”). The New Shares will have the same rights as other shares of the Company that have
been issued by the Company, including the right to dividends.

In accordance with POJK No. 32/2015, the implementation of PUT can be carried out after:
1.     The Company obtained an approval from the EGMS;
2.     The Company submits a registration statement in relation to PUT and its supporting documents to
       the OJK; and
3.     The registration statement in relation to PUT was declared effective by the OJK.

The provisions of the capital increase with Pre-emptive Rights, including the final exercise price of the Pre-
Emptive Rights and the final amount of the New Shares will be disclosed in the Prospectus issued in relation
to the capital increase with Pre-emptive Rights, which will be provided to the Company's shareholders who
are entitled in due course, in accordance with the prevailing laws and regulations.

In the event that the subscription of the New Shares is made in a form other than cash, the subscription in
a form other than cash must comply with the provisions as stipulated inPOJK No. 32/2015, namely as
follows:
1. directly related to the use of proceeds;
2. using appraisers to determine the fair value of the form other than cash used as subscription and the
     fairness of the subscription for New Shares in a form other than cash;
3. in the event that the subscription of New Shares is in the form of receivable towards the Company
     which are compensated as a subscription of New Shares, such receivable must have been included in
     the latest financial statements of the Company which have been audited by accountant; and
4. fulfill the provisions of other laws and regulations governing the subscription of shares in a form other
     than cash and compensation of receivable as a subscription of New Shares.

      ESTIMATED PERIOD OF EXECUTION OF CAPITAL INCREASE WITH PRE-EMPTIVE RIGHTS

The Company intends to conduct and settle the capital increase with Pre-emptive Rights within a
reasonable period of time to be carried out, but not more than 12 months from the date of obtaining the
EGMS approval in relation to the capital increase with Pre-emptive Rights and subject to the declaration on
the effectiveness of the registration statement (which will be submitted to the OJK) in relation to the capital
increase with Pre-emptive Rights by OJK, in accordance with the prevailing laws and regulations.

                             OUTLINE ESTIMATE OF THE USE OF PROCEEDS

The Company intends to use all proceeds received from the proceeds of the PUT after deducting issuance
costs, among others, to (i) reduce the Company's liabilities, and/or (ii) develop the Company's business,
and/or (iii) increase the Company's working capital, and/or (iv) other business purposes of the Company.

Final information in relation to the use of proceeds will be disclosed in the prospectus issued in relation to
capital increase with Pre-emptive Rights which will be provided to the entitled shareholders in due course,
in accordance with the prevailing laws and regulations.

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     ANALYSIS OF THE EFFECT OF CAPITAL INCREASE ON THE FINANCIAL CONDITION OF THE
                             COMPANY AND SHAREHOLDERS

The Company estimates that the plan to increase capital with Pre-emptive Rights will have a positive effect
on the Company's consolidated financial condition, among others to (i) reduce liabilities and improve the
Company's debt to equity ratio, and (ii) increase the number of issued shares. Furthermore, the capital
increase through Pre-emptive Rights is expected to increase the number of the Company's shares in the
market and will increase the frequency of trading of these shares or in other words can increase the
liquidity of shares.

In this PUT, the Company expects as much participation as possible from the Company's shareholders to
exercise the Pre-emptive Rights and warrants obtained by the shareholders. If the shareholders of the
Company do not exercise the Pre-emptive Rights they have obtained, the shareholders may experience a
dilution of ownership of up to 28.75% (twenty-eight point seventy-five percent).

                        EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

In order to comply with the provisions of the applicable laws and regulations, in implementing the plan of
capital increase with Pre-emptive Rights, the Company will seek the approval of the Company's
shareholders at the EGMS which will be conducted on 22 January 2025.

                                        ADDITIONAL INFORMATION

To obtain information in connection with the plan of capital increase with Pre-emptive Rights as described
above, the Company's shareholders can contact the Company's Corporate Secretary, every business day
and on working hours of the Company, namely 08.00 – 17.00 WIB, at the address below:

                                     PT FAJAR SURYA WISESA TBK
                                          Jl. Abdul Muis No. 32
                                               Jakarta 10160
                                         Tel. (62-21) 344 1316
                                         Fax. (62-21) 345 7643

                                    Website: www.fajarpaper.com
                                     Email: ir@fajarpaper.com


                                       Jakarta, 13 December 2024
                                          Board of Directors




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