20260610_RAJA_Perubahan dan//atau Tambahan Keterbukaan Informasi terkait Aksi Korporasi_32099456_lamp2.pdf

                                      DEFINITIONS


“AoA”                      :   Articles of Association

“IDX”                      :   Indonesia Stock Exchange (Bursa Efek Indonesia).

“OJK”                      :   Financial Services Authority of the Republic of Indonesia
                               (Otoritas Jasa Keuangan).

“Information Disclosure”   :   The information submitted by the Company as set out in this
                               announcement.

“The Company”              :   PT Rukun Raharja Tbk, a publicly listed limited liability
                               company established under and subject to the laws of the
                               Republic of Indonesia.

“MOLHR”                    :   Minister of Law and Human Rights of the Republic of
                               Indonesia.

“POJK 15/2020”             :   OJK Regulation No. 15/POJK.04/2020 concerning the Plan
                               and Conduct of General Meetings of Shareholders of Public
                               Companies.

“POJK 15/2022”             :   OJK Regulation No. 15/POJK.04/2022 concerning Stock
                               Splits and Reverse Stock Splits by Public Companies.

“Independent Appraiser”    :   Public Appraisal Services Office Kusnanto dan Rekan.
or “KJPP”

“Stock Split”              :   The planned stock split as described in Section III and
                               Section V of this Information Disclosure.

“GMS”                      :   General Meeting of Shareholders of the Company.

“Rp”                       :   Indonesian Rupiah, the lawful currency of the Republic of
                               Indonesia.

                   INFORMATION REGARDING SHARE CLASSIFICATION

In accordance with the Company’s Articles of Association as set out in the Deed of Statement of
Meeting Resolution concerning the Amendment of the Company’s Articles of Association No. 41
dated 30 September 2020, drawn up before Rini Yulianti, S.H., Notary in the East Jakarta
Administrative City, which obtained approval of the amendment of the articles of association of
a limited liability company from the Minister of Law and Human Rights under Decree No. AHU-
AH.01.03-0395002 dated 6 October 2020, the Company currently has only 1 (one) series of
ordinary shares with a par value of Rp25 (twenty-five Rupiah) per share. Each shareholder has
equal voting rights, whereby each 1 (one) share confers 1 (one) vote.

STOCK SPLIT RATIO AND INFORMATION ON THE NUMBER OF THE COMPANY’S SHARES
                     BEFORE AND AFTER THE STOCK SPLIT

The Company plans to carry out a Stock Split at a ratio of 1:5 (1 (one) old share becoming 5 (five)
new shares), such that the par value and the number of shares before and after the stock split
are as follows:

 Information                          Before Stock Split               After Stock Split


 Share Par Value                      Rp. 25,00 per share              Rp. 5,00 per share


 Issued and Fully Paid-Up Shares      4.227.082.500 shares             21.135.412.500 shares



            DATE OF IDX IN-PRINCIPLE APPROVAL OF THE STOCK SPLIT PLAN


In accordance with POJK 15/2022, the Company has submitted its plan to carry out the Stock
Split to the IDX by Letter No. RR/DIR/17.120/IV/2026 dated 17 April 2026, and the Stock Split plan
has obtained in-principle approval from the IDX under Letter No. S-05213/BEI.PP2/05-2026
dated 5 May 2026.

                       REASONS AND PURPOSE OF THE STOCK SPLIT


The Company plans to carry out the stock split taking into account common practice in the
capital market and in order to improve the quality of trading of the Company’s shares on the
Indonesia Stock Exchange. The stock split is also carried out in consideration of the fact that the
Company’s share price is currently at a relatively high level, namely Rp4,170 per share (based on
the closing price as of 12 May 2026), which makes the minimum investment value for 1 (one) lot
of the Company’s shares less affordable for some investors. The objectives and benefits are as
follows:

   1. Improving the liquidity of trading in the Company’s shares. The increase in the number of
      outstanding shares after the stock split is expected to increase the frequency and volume
      of transactions in the Company’s shares, thereby improving the liquidity of trading in the
      Company’s shares on the Indonesia Stock Exchange.
   2. Improving the affordability of the share price for investors. The stock split will result in a
      reduction of the par value per share, making the Company’s share price more affordable,
      particularly for retail investors, without reducing the Company’s market capitalization.
   3. Broadening the Company’s shareholder base. With a more affordable share price, the
      Company expects increased investor participation, resulting in a broader and more
      diverse shareholder base.
   4. Supporting the creation of more orderly, fair, and efficient share trading. The increase in
      liquidity and investor participation is expected to support a share-trading mechanism
      that reflects more orderly, fair, and efficient market conditions in accordance with the
      prevailing laws and regulations in the capital market.
   5. Providing added value for shareholders. In the long term, the increase in liquidity and
      investor base is expected to have a positive impact on market perception and to support
      the enhancement of the Company’s value for all shareholders.

The Stock Split has no negative impact on the Company’s financial position.

                  INDICATIVE TIMETABLE FOR THE STOCK SPLIT



No.   Activity                                                    Day & Date

1.    Application for In-Principle Approval to the IDX            friday, 17 April 2026
2.    In-Principle Approval from the IDX                          Tuesday, 5 May
                                                                  2026
3.    Notification to OJK regarding the Plan to Hold the GMS      Wednesday, 6 May
      (attaching the IDX In-Principle Approval)                   2026
4.    Announcement of the GMS and Information Disclosure in       Wednesday, 13 May
      Connection with the Stock Split Plan                        2026
5.    Date of the List of Shareholders Entitled to Attend the     Tuesday, 26 May
      GMS (Recording Date)                                        2026

6.    Notice (Summons) of the GMS                                 Friday, 29 May 2026
7.    GMS                                                         Tuesday, 23 June
                                                                  2026
8.    Announcement of the Summary of the Minutes of the GMS       Wednesday, 24 June
                                                                  2026
9.    MOLHR Approval of the Amendment of the Articles of          Wednesday, 8 July
      Association in Connection with the Split of the Share Par   2026
      Value*
10.   Application to the IDX for Listing of Additional Shares     Thursday, 9 July
      Resulting from the Stock Split*                             2026
11.   IDX Approval for Listing of Additional Shares Resulting     Friday, 10 July 2026
      from the Split of the Share Par Value*
12.   Announcement of the Schedule for the Split of the Share     Friday, 10 July 2026
      Par Value via www.idx.co.id*
13.   Last Trading Date of Shares with the Old Par Value on the   Monday, 13 July
      Regular and Negotiated Markets*                             2026

14.   Last Settlement Date of Transactions in Shares with the     Wednesday, 15 July
      Old Par Value on the Regular and Negotiated Markets*        2026
15.   Last Trading Date of Shares with the Old Par Value on the   Wednesday, 15 July
      Cash Market*                                                2026

 No.       Activity                                                      Day & Date
 16.       Date for Determining the List of Shareholders and             Wednesday, 15 July
           Securities Accounts Entitled to Shares Resulting from the     2026
           Stock Split (Recording Date)*
 17.       Distribution Date of Shares with the New Par Value*           Thursday, 16 July
                                                                         2026
 18.       Commencement of Trading of Shares with the New Par            Thursday, 16 July
           Value on the Regular, Negotiated, and Cash Markets*           2026
* The dates marked with an asterisk are estimates and may change.


                         SUMMARY OF THE SHARE VALUATION REPORT

KJPP Kusnanto & Rekan, as an authorized Public Appraisal Services Office under Decree of the
Minister of Finance No. 2.19.0162 dated 15 July 2019 and registered as a capital market
supporting profession office with OJK under Capital Market Supporting Profession Registration
Certificate No. STTD.PB-01/PJ-1/PM.223/2023 (business appraiser), has been appointed by
the Company’s management to determine the market value of 100.00% of the Company’s
shares pursuant to engagement letter No. KR/260219-001 dated 19 February 2026, which has
been approved by the Company’s management.

The following is a summary of the valuation report of 100.00% of the Company’s shares as set
out in report No. 00065/2.0162-00/BS/05/0153/1/IV/2026 dated 17 April 2026:

a. Transacting Parties

    The party transacting in the Stock Split is the Company.

b. Object of Valuation

    The object of valuation is the market value of 100.00% of the Company’s shares.

c. Objective and Purpose of the Valuation

    The objective of the valuation is to obtain an independent opinion on the market value of
    the Object of Valuation, expressed in USD and/or its equivalent, as of 31 December 2025.

    The purpose of the valuation is to provide an overview of the market value of the Object of
    Valuation, which will subsequently be used as a reference and consideration by the
    Company’s management in carrying out the Stock Split and to comply with POJK 15/2022.

    This valuation is conducted in compliance with the provisions of OJK Regulation No.
    35/POJK.04/2020 concerning “Valuation and Presentation of Business Valuation Reports
    in the Capital Market” dated 25 May 2020 and the Indonesian Valuation Standards 2018,
    Revised Edition SPI300, SPI310, SPI320, and SPI330.

d. Limiting Conditions and Key Assumptions

   This valuation is prepared based on market and economic conditions, general business
   and financial conditions, and the prevailing Government regulations up to the date of
   issuance of this valuation report.

   The valuation of the Object of Valuation conducted using the discounted cash flow method
   is based on the projected financial statements of the Company, PT Heksa Energi
   Mitraniaga (“HEM”), PT Hafar Daya Samudera (“HDS”), PT Hafar Daya Konstruksi (“HDK”),
   PT Triguna Internusa Pratama (“TIP”), PT Petrotech Penta Nusa (“PTN”), PT Hafar Capitola
   Nusantara (“HCN”), PT Trimitra Cipta Mandiri (“TCM”), PT Bravo Delta Persada (“BDP”), PT
   Artifisial Teknologi Persada (“ATP”), PT Energasindo Heksa Karya (“EHK”), PT Petrogas
   Jatim Utama Cendana (“PJUC”), PT Raharja Energi Tanjung Jabung (“RETJ”), PT Majuko
   Utama Indonesia (“MUI”), and PT Artha Prima Energi (“APE”), prepared by the management
   of the Company, HEM, HDS, HDK, TIP, PTN, HCN, TCM, BDP, ATP, EHK, PJUC, RETJ, MUI,
   and APE. In preparing the projected financial statements, various assumptions were
   developed based on the performance of the Company and the aforementioned entities in
   prior years and based on management’s future plans. The KJPP has made adjustments to
   those projected financial statements so that they more reasonably reflect the operating
   conditions and performance of the Company and the aforementioned entities being
   valued at the time of this valuation. Broadly, the KJPP made no significant adjustments to
   the performance targets of the entities being valued, which already reflect their
   attainability (fiduciary duty). The KJPP is responsible for conducting the valuation and for
   the reasonableness of the projected financial statements based on the historical
   performance of the Company and the aforementioned entities and on management’s
   information regarding their projected financial statements. The KJPP is also responsible for
   the Company’s valuation report and the final value conclusion.

   In this valuation engagement, the KJPP assumes that all conditions and obligations of the
   Company are fulfilled. The KJPP also assumes that from the valuation date to the date of
   issuance of the valuation report there are no changes that materially affect the
   assumptions used in the valuation. The KJPP is not responsible for reaffirming,
   supplementing, or updating its opinion as a result of changes in assumptions and
   conditions or events occurring after the date of this report.

   In conducting its analysis, the KJPP assumes and relies on the accuracy, reliability, and
   completeness of all financial and other information provided to the KJPP by the Company
   or otherwise publicly available, which is in essence true, complete, and not misleading,
   and the KJPP is not responsible for conducting an independent examination of such
   information. The KJPP also relies on assurances from the Company’s management that
   they are not aware of any facts that would render the information provided to the KJPP
   incomplete or misleading.

   The valuation analysis of the Object of Valuation was prepared using the data and
   information disclosed above. Any changes to such data and information may materially
   affect the final outcome of the KJPP’s opinion. The KJPP is not responsible for any change
   in the conclusion of its valuation or for any loss, damage, cost, or expense whatsoever
   caused by non-disclosure of information that renders the data obtained by the KJPP
   incomplete and/or capable of being misinterpreted.

   Because the results of the KJPP’s valuation are highly dependent on the underlying data
   and assumptions, changes in the data sources and assumptions in line with market data
   will alter the results of the KJPP’s valuation. Accordingly, the KJPP advises that changes to
   the data used may affect the valuation results and that any resulting differences may be
   material. Although the contents of this valuation report have been prepared in good faith
   and in a professional manner, the KJPP cannot accept responsibility for any difference in
   conclusions arising from additional analysis, the application of the valuation results as a
   basis for transaction analysis, or any change in the data used as the basis for the valuation.
   The valuation report of the Object of Valuation is a non-disclaimer opinion and is a report
   open to the public, except for information that is confidential and that may affect the
   Company’s operations.

   The KJPP’s work in relation to the valuation of the Object of Valuation does not constitute
   and cannot be interpreted in any form as a review or audit, or as the performance of certain
   procedures over financial information. Such work is also not intended to disclose
   weaknesses in internal controls, errors or irregularities in the financial statements, or
   violations of law. Furthermore, the KJPP has also obtained information on the Company’s
   legal status based on the Company’s articles of association.

e. Valuation Methods Used

   The valuation methods used in valuing the Object of Valuation are the discounted cash
   flow (DCF) method, the adjusted net asset method, and the guideline publicly traded
   company method.

   The discounted cash flow method was selected given that the business activities carried
   out by the Company and the aforementioned entities will continue to fluctuate in the future
   in line with the expected development of their businesses. In applying this method, the
   operations of the Company and the aforementioned entities are projected in line with the
   expected development of their businesses. The cash flows generated from the projections
   are converted into present value using a discount rate commensurate with the level of risk.
   The indicated value is the sum of the present values of those cash flows.

   In applying the adjusted net asset method, the value of all asset and liability/debt
   components must be adjusted to their market values, except for components that already
   reflect their market value (such as cash/bank balances or bank loans). The overall market
   value of the company is then obtained by calculating the difference between the market
   value of all assets (both tangible and intangible) and the market value of liabilities.

   The guideline publicly traded company method is used in this valuation because, although
   the public stock market does not provide information on comparable companies of
   equivalent business scale and assets, it is estimated that the available public company
   share data can be used as comparative data for the value of the shares held by the
   Company and the aforementioned entities.

   The valuation approaches and methods above are those the KJPP considers most
   appropriate to apply in this engagement and have been agreed upon by the Company’s
   management. It is possible that other valuation approaches and methods could be applied
   that may yield different results.

   The values obtained from each of those methods are then reconciled by applying
   weightings.

f. Conclusion

   Based on the results of the analysis of all data and information received by the KJPP and
   considering all relevant factors affecting the valuation, in the KJPP’s opinion the market
   value of the Object of Valuation as of 31 December 2025 is USD 1,213.86 million.

                 INFORMATION REGARDING THE CONDUCT OF THE GMS

The Extraordinary General Meeting of Shareholders to approve the plan to split the share par
value will be held on:

       Day/Date        : Tuesday, 23 June 2026
       Venue           : Ballroom Hotel Mulia, Jakarta Pusat
       Agenda          : Approval of the amendment of Article 4 paragraph 1 of the Company’s
                       Articles of Association regarding the Stock Split of the share par value
                       from Rp25 (twenty-five Rupiah) to Rp5 (five Rupiah) per share.

The Stock Split will be carried out after obtaining EGMS approval. In accordance with the
provisions of POJK 15/2022, the Stock Split must be carried out no later than 30 (thirty)
calendar days after the EGMS approving the Stock Split plan. If that deadline falls on a holiday,
the Stock Split will be carried out no later than the following business day.

                                    OTHER INFORMATION

The Company has no plan for any corporate action affecting the number of shares and/or the
Company’s capital to be carried out within 6 (six) months after the date of the Stock Split. In
developing its business, the Company may carry out transactions to obtain funding, whether
from banking or non-banking institutions, the issuance of debt securities, and/or the
implementation of capital increases, while observing the prevailing laws and regulations,
including the provisions set out in Article 13 of POJK 15/2022.


                        STATEMENT OF THE BOARD OF DIRECTORS

The Board of Directors of the Company declares that it is responsible for the accuracy of the
information set out in this Information Disclosure. Following the implementation of the split of
the share par value, the Company will use its best efforts to increase and maintain the number
of free-float shares held by the public that are listed on the Indonesia Stock Exchange.

                                 ADDITIONAL INFORMATION

  For more detailed additional information regarding the Stock Split Plan, please contact:
                        Corporate Secretary / Investor Relations
                                  PT Rukum Raharja, Tbk
                                          Head Office:
         PT Rukun Raharja Tbk (RAJA) is located at Office Park Thamrin Residences
                   Blok A. No. 01-05, Jl. Thamrin Boulevard, Kebon Melati,
                                  Tanah Abang, Jakarta Pusat,
                                 DKI Jakarta 10230, Indonesia
                                  Telephone: (021) 2929 1053
                                                                     Website: www.raja.co.id
                                                                     Email: Corsec@raja.co.id