20241118_BBTN_Tanggapan atas Permintaan Penjelasan Bursa_31779261_lamp1.pdf

No.             : 1701/CSD/CMPO/XI/2024                                                Jakarta, November, 18th 2024
Attachment      : -

Bursa Efek Indonesia
Up. Kepala Divisi Penilaian Perusahaan 3
Gedung Bursa Efek Indonesia Tower 1, Lantai 6
Jl. Jenderal Sudirman Kav. 52-53
Jakarta, 12190

Subject      : Confirmation About News in the Mass Media

Dear Sir or Madam,

    Based on the electronic letter from Stock Exchange (“IDX”) number S-12153/BEI.PP3/11-2024 on
November, 15th 2024 about Requests for Explanations of Reporting in the Mass Media as following:
a.   Bloomberg Technoz with the title " BTN Ungkap Rencana Akuisisi Bank Kecil di Januari 2025", which
     appeared on https://www.bloombergtechnoz.com/detail-news/54809/btn-ungkap-rencana-akuisisi-bank-
     kecil-di-januari-2025 dated November, 14th 2024;
b.   Tempo.co with the title " BTN Segera Akuisisi Bank Syariah, Masih Ada Dua Dokumen yang Perlu
     Dilengkapi", which which appeared on https://www.tempo.co/ekonomi/btn-segera-akuisisi-bank-syariah-
     masih-ada-dua-dokumen-yang-perlu-dilengkapi-1167808 dated November, 14th 2024; and
c.   Bisnis.com with the title " Alasan BTN Belum Rilis Kinerja Kuartal III-2024: Mau Akuisisi Bank Kecil", which
     appeared       on    https://finansial.bisnis.com/read/20241113/90/1815719/alasan-btn-belum-rilis-kinerja-
     kuartaliii2024-mau-akuisisi-bank-kecil dated November, 14th 2024;
hereby, we convey explanation and clarification as follows
1.   Clarification of the news
     a. Clarification of the truth of the news, especially regarding the statement by the Company's
        President Director, Mr. Nixon LP Napitupulu, who said that currently, the Company is conducting
        a limited review because of the company's plans to carry out corporate action to acquire a small
        bank for a sharia spin-off.  \




        PT Bank Tabungan Negara (Persero) Tbk (“Company”) is currently conducting a limited review in
        connection with the Company's corporate action plan as informed by the Company through Letter
        No.1234/CSD/CMPO/IX/2024 dated September, 26th 2024. In accordance Financial Services Authority
        Regulation (POJK) No.12 of 2023 concerning Sharia Business Units ("POJK 12/2023"), the Company
        is obliged to carry out the UUS separation process (application for permission or approval to the
        Regulator) no later than 2 (two) years after the publication of the financial report per December 2023 in
        the first quarter of 2024 that the Company's Sharia Business Unit ("SBU") has assets of more than IDR
        50 trillion. The Company took the most efficient, accessible and quickest option to implement in
        preparation for the separation or spin-off of SBU and is currently in the process of finalizing due diligence
        on prospective banks to be acquired.
     b. Current news about the plans for the Company's Sharia Business Unit development
        1) Currently, the due diligence process for prospective banks to be acquired has reached the
            finalization stage that The Company and the Controlling Shareholders of the banks to be acquired
            are currently negotiating and drawing up a Conditional Sale and Purchase Agreement (CSPA);

        2)  The Company also is preparing the required documents for the approval process for Regulators
            and Company Shareholders;
        3) Until now, the Company's SBU has been doing business and operations as usual because the
            Company has not carried out any corporate action as the holding Company.
        The Company will continue to ensure that the procedures regulated by the regulator implement the SBU
        development plan and fulfill all permits required by the regulator.
     c. Financial and operational impacts for the Company regarding the Company's Sharia Business
        Unit development plans
        The Company is still preparing a study containing the financial and operational impacts in the context of
        its UUS development plan, and subsequently, the impact of the Company's SBU development plan will
        be conveyed to the public by regulatory provisions.
     d. The Company's corporate action plan for the next twelve months
        We can convey that the Company's corporate action plan for the next twelve months is to develop SBU
        in accordance with the Company's business plan while still paying attention to statutory and regulatory
        provisions.
2.   Other important information/events that are material and can affect the sustainability of the
     Company and can affect the company's share price
     Currently, there is no information or other important events that are material and could affect the Company's
     sustainability.

     Thus we convey, thank you for your attention.


                                                       PT BANK TABUNGAN NEGARA (PERSERO) Tbk
                                                            CORPORATE SECRETARY DIVISION




                                                                        Ramon Armando
                                                                       Corporate Secretary