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20260525_SUPR_Laporan Informasi dan Fakta Material_32094754_lamp2.pdf

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Page 1
Unofficial Translation


                                                                SCHEDULE
 Date of Voluntary Tender Offer Statement                                         :                                                 22 May 2026
 Effectiveness Statement for Voluntary Tender Offer                               :                                                11 June 2026
 Voluntary Tender Offer Period                                                    :                                    15 June 2026 – 14 July 2026
 Estimated Payment Date                                                           :                                                   24 July 2026


                                 VOLUNTARY TENDER OFFER ("VTO") STATEMENT

 IN COMPLIANCE WITH REGULATION OF THE FINANCIAL SERVICES AUTHORITY (OTORITAS
JASA KEUANGAN/"OJK") NUMBER 45 OF 2024 ON THE DEVELOPMENT AND STRENGTHENING
  OF ISSUERS AND PUBLIC COMPANIES ("POJK 45/2024") AND OJK REGULATION NUMBER
           54/POJK.04/2015 ON VOLUNTARY TENDER OFFERS ("POJK 54/2015")

 IN ACCORDANCE WITH THE PROVISIONS OF POJK 54/2015, PT PROFESIONAL TELEKOMUNIKASI INDONESIA
 ("PROTELINDO") HAS DISCLOSED ALL INFORMATION THAT MUST BE KNOWN BY PUBLIC SHAREHOLDERS FOR
 THE PURPOSES OF THIS VTO. PROTELINDO HEREBY CONFIRMS THAT THERE IS NO OTHER MATERIAL
 INFORMATION THAT HAS NOT BEEN DISCLOSED IN THIS VTO STATEMENT THAT COULD CAUSE THE
 INFORMATION PROVIDED IN THIS VTO STATEMENT TO BE MISLEADING.

 PROTELINDO HAS FULL RESPONSIBILITY FOR THE ACCURACY OF ALL FACTS, DATA, REPORTS, OR MATERIAL
 INFORMATION DISCLOSED IN THIS VTO STATEMENT.
                                                           VTO STATEMENT BY:




                                           PT PROFESIONAL TELEKOMUNIKASI INDONESIA
                                                Domiciled in Kudus Regency, Indonesia

                                                          Business Activity:
                                                  Telecommunications Central Construction

                                                              Branch Office
                                                          Menara BCA, 53rd Floor,
                                              Jl. M.H. Thamrin No. 1, Jakarta 10310, Indonesia
                                                          Phone: +6221-23585500
                                                         Website: www.protelindo.net
                                                        Email: corpsec@protelindo.net

  over a maximum of 980,044 (nine hundred eighty thousand forty-four) shares held by Public Shareholders (as defined below), representing
  0.09% (zero point zero nine per cent) of the total issued and fully paid-up shares of PT Solusi Tunas Pratama Tbk, at an offer price of IDR
                                                45,000.- (forty-five thousand Rupiah) per share.




                                                    PT SOLUSI TUNAS PRATAMA TBK
                                                   Domiciled in Kudus Regency, Indonesia

                                                            Business Activity:
    Independent provider of telecommunications supporting infrastructure services, encompassing the provision, management, and lease of
                                                         telecommunications sites

                            Principal Office:                                                     Branch Office:
                       Jl. Tanjung Karang No.11                                               Menara BCA, 49th Floor
                    Desa Jati Kulon, Kecamatan Jati                                    Jl. M.H. Thamrin No. 1 Jakarta 10310
                       Kabupaten Kudus 59347                                                 Phone: +62 21 23585555
                        Phone: +62 291 431905



                                                         Website: www.stptower.com
                                                  Email: corporate.secretary@stptower.com
   THIS VTO OFFER REMAINS SUBJECT TO THE EFFECTIVENESS STATEMENT BY OJK PURSUANT TO THE PROVISIONS SET
                                   FORTH IN POJK 45/2024 AND POJK 54/2015

                                    THIS VOLUNTARY TENDER OFFER STATEMENT IS ISSUED IN
                                                   JAKARTA, 22 MAY 2026


                                                                                                                                                1
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Unofficial Translation


                              DEFINITIONS AND ABBREVIATIONS

Unless otherwise defined, the terms used in this VTO Statement shall have the following meanings:


 "Affiliate"                              :   As defined under Law Number 4 of 2023 on the
                                              Development and Strengthening of the Financial Sector,
                                              namely:
                                              a. a family relationship by virtue of marriage up to the
                                                 second degree, both horizontally and vertically, being
                                                 the relationship of a person with:
                                                 1. his or her spouse;
                                                 2. the parents of his or her spouse and the spouse
                                                      of his or her child;
                                                 3. the grandparents of his or her spouse and the
                                                      spouse of his or her grandchild;
                                                 4. the siblings of his or her spouse and the spouse
                                                      of such siblings; or
                                                 5. the spouse and siblings of such person.
                                              b. a family relationship by virtue of lineage up to the
                                                 second degree, both horizontally and vertically, being
                                                 the relationship of a person with:
                                                 1. his or her parents and children;
                                                 2. his or her grandparents and grandchildren; or
                                                 3. his or her siblings.
                                              c. the relationship between a party and its employees,
                                                 directors, or commissioners;
                                              d. the relationship between 2 (two) or more companies
                                                 that share one or more members of the board of
                                                 directors, board of management, board of
                                                 commissioners, or supervisory board;
                                              e. the relationship between a company and a party that,
                                                 directly or indirectly and in any manner, controls or is
                                                 controlled by such company or party in determining
                                                 the management and/or policies of such company or
                                                 party;
                                              f. the relationship between 2 (two) or more companies
                                                 that are controlled, directly or indirectly and in any
                                                 manner, in the determination of the management
                                                 and/or policies of such companies by the same party;
                                                 or
                                              g. the relationship between a company and its principal
                                                 shareholder, being a party that directly or indirectly
                                                 holds at least 20% (twenty per cent) of shares with
                                                 voting rights in such company.

 "BAE"                                    :   means the Securities Administration Bureau of the
                                              Target Company, namely PT Raya Saham Registra.

 "IDX"                                    :   means PT Bursa Efek Indonesia, domiciled in Jakarta.




                                                                                                      2
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Unofficial Translation



 "Protelindo"                 :   means PT Profesional Telekomunikasi Indonesia, as the
                                  party conducting the VTO over the Public Shares,
                                  incorporated under the laws of Indonesia and domiciled
                                  in Indonesia.

 "VTO Form"                   :   means the Voluntary Tender Offer Form (Formulir
                                  Penawaran Tender Sukarela/FPTS), being the form for
                                  the voluntary tender offer that must be completed by
                                  shareholders who are willing to accept the Voluntary
                                  Tender Offer.

 "Group"                      :   PT Sarana Menara Nusantara Tbk as the parent entity
                                  and its subsidiaries, including Protelindo and the Target
                                  Company (as defined below).

 "Day"                        :   means every day in 1 (one) calendar year in accordance
                                  with the Gregorian calendar without exception, including
                                  Sundays and national public holidays as designated from
                                  time to time by the Government of the Republic of
                                  Indonesia, as well as ordinary business days that, by
                                  reason of a particular circumstance, are designated by
                                  the Government of the Republic of Indonesia as non-
                                  ordinary business days.

 "Exchange Day"               :   means every day on which securities trading is
                                  conducted on the IDX, namely Monday through Friday,
                                  except for national public holidays or days declared as
                                  IDX holidays.

 "Offer Price"                :   means the price offered by Protelindo for the purchase of
                                  Public Shares in the VTO, namely IDR 45,000.- (forty-five
                                  thousand Rupiah) per share, to be paid in cash.

 "KSEI"                       :   means PT Kustodian Sentral Efek Indonesia, domiciled
                                  in Jakarta.

 "MOL"                        :   means the Minister of Law of the Republic of Indonesia
                                  (previously the Minister of Justice of the Republic of
                                  Indonesia and the Minister of Law and Human Rights, as
                                  amended from time to time).

 "OJK"                        :   means the Financial Services Authority (Otoritas Jasa
                                  Keuangan).

 "Independent Shareholders"   :   means shareholders who do not have a personal
                                  economic interest in connection with a particular
                                  transaction and:
                                  a) are not members of the board of directors, members
                                      of the board of commissioners, principal
                                      shareholders, or controlling parties; or
                                  b) are not affiliates of members of the board of directors,
                                      members of the board of commissioners, principal
                                      shareholders, or controlling parties.

 "Public Shareholders"        :   means all shareholders of the Target Company outside
                                  of the Group's shareholding, whether direct or indirect,
                                  whose names are recorded in the shareholders register
                                  of the Target Company.




                                                                                          3
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Unofficial Translation



 "Applicant"                         :   means the parties entitled to participate in this VTO,
                                         being Public Shareholders who have completed and
                                         submitted all required documents for the VTO no later
                                         than the Closing Date and who satisfy the terms and
                                         conditions set out in this VTO Statement.

 "Controlling Party"                 :   means a party that, whether directly or indirectly:
                                         a. holds more than 50% (fifty per cent) of the total
                                            shares with voting rights that have been fully paid up
                                            in a public company; or
                                         b. has the ability to determine, directly or indirectly and
                                            in any manner, the management and/or policies of a
                                            public company.

 "Voluntary Tender Offer" or "VTO"   :   means the voluntary tender offer to be conducted by
                                         Protelindo over the Public Shares.

 "VTO Period"                        :   means the voluntary tender offer period, being 15 June
                                         2026 to 14 July 2026, commencing at 08:30 Western
                                         Indonesian Time (WIB) and closing at 16:00 WIB on each
                                         day throughout the VTO Period. Protelindo may extend
                                         the VTO Period by making a disclosure of information to
                                         the public in accordance with POJK 54/2015.

 "VTO Statement"                     :   means the disclosure of information in connection with
                                         the Voluntary Tender Offer.

 "Securities Company"                :   means the appointed securities company, namely PT
                                         Bahana Sekuritas, domiciled in South Jakarta,
                                         Indonesia.

 "POJK 54/2015"                      :   means Regulation of the Financial Services Authority No.
                                         54/POJK.04/2015 dated 29 December 2015 on
                                         Voluntary Tender Offers.

 "POJK 45/2024"                      :   means Regulation of the Financial Services Authority No.
                                         45 dated 27 December 2024 on the Development and
                                         Strengthening of Issuers and Public Companies.

 "Target Company"                    :   means PT Solusi Tunas Pratama Tbk, a limited liability
                                         company incorporated under the laws of the Republic of
                                         Indonesia, domiciled in Kudus Regency, whose shares
                                         are listed on the IDX.

 "EGMS of 20 May 2026"               :   means the Extraordinary General Meeting of
                                         Shareholders of the Target Company held on 20 May
                                         2026.

 "Share"                             :   means the issued and fully paid-up shares of the Target
                                         Company that are listed and traded on the IDX.

 "Public Shares"                     :   means the Shares held by Public Shareholders, being a
                                         maximum of 980,044 (nine hundred eighty thousand
                                         forty-four) shares representing 0.09% (zero point zero
                                         nine per cent) of the total issued and fully paid-up shares
                                         in the Target Company at the Offer Price.




                                                                                                 4
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Unofficial Translation



 "Payment Date"          :   means the date on which payment shall be made to
                             Public Shareholders who have submitted a valid VTO
                             Form, being no later than 24 July 2026.

 "Closing Date"          :   means the last day of the Voluntary Tender Offer Period,
                             being 14 July 2026 at 16:00 Western Indonesian Time
                             (WIB).




                                                                                   5
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Unofficial Translation




                                         I.    INTRODUCTION


On 20 May 2026, the Target Company obtained approval from Independent Shareholders at the EGMS
of 20 May 2026 with respect to the plan to change the status of the Target Company from a public
company to a private company ("Go Private") and approval for the delisting of the Target Company's
shares from the IDX ("Delisting"), in accordance with the provisions of (i) Article 84A paragraph (2) of
Law No. 8 of 1995 on Capital Markets, as amended by Law No. 4 of 2023 on the Development of the
Financial Sector, and (ii) Article 16 of POJK 45/2024 ("Go Private and Delisting Plan").
Following the approval of the Go Private and Delisting Plan at the EGMS of 20 May 2026, Protelindo
will conduct the VTO at the Offer Price as described in greater detail in Chapter II of this VTO Statement.
This VTO Statement contains detailed information regarding the VTO and the procedures to be followed
by interested Public Shareholders.


                           II.    TERMS AND CONDITIONS OF THE VTO

1.    Object of the VTO

      The object of the VTO is the Public Shares (as defined above).

      As at the date of this VTO Statement:
      1. Protelindo (directly) holds 1,107,187,889 (one billion one hundred seven million one hundred
           eighty-seven thousand eight hundred eighty-nine) shares in the Target Company,
           representing 97.33% (ninety-seven point three three per cent) of the total Shares of the
           Target Company; and
      2. PT Iforte Solusi Infotek ("Iforte"), a company controlled by Protelindo, holds 29,411,765
           (twenty-nine million four hundred eleven thousand seven hundred sixty-five) shares,
           representing 2.58% (two point five eight per cent) of the total Shares of the Target Company.

      Accordingly, the aggregate shareholding of Protelindo in the Target Company, both directly and
      indirectly, amounts to 1,136,599,654 (one billion one hundred thirty-six million five hundred
      ninety-nine thousand six hundred fifty-four) shares, representing 99.91% (ninety-nine point nine
      one per cent) of the total Shares of the Target Company.

      Upon completion of the VTO, in the event that the VTO is able to absorb all of the Public Shares,
      Protelindo will hold (both directly and indirectly) a maximum of 1,137,579,698 (one billion one
      hundred thirty-seven million five hundred seventy-nine thousand six hundred ninety-eight) shares
      in the Target Company, representing 100.00% (one hundred per cent) of the total Shares of the
      Target Company.

2.    Offer Price

      Pursuant to the provisions of Article 36 paragraph (b) of POJK 45/2024, the Offer Price must be
      higher than the average of the highest daily trading prices on the IDX during the preceding 12
      (twelve) months, calculated backward from the last trading day or the day on which trading was
      temporarily suspended ("Minimum Price Formula").

      Based on the Minimum Price Formula, the average of the highest daily trading prices on the IDX
      during the aforementioned period amounts to IDR 42,295.- (forty-two thousand two hundred
      ninety-five Rupiah) per share ("Minimum Price"). Based on the foregoing, the Offer Price of IDR
      45,000.- (forty-five thousand Rupiah) per Share satisfies and exceeds the Minimum Price as
      required under POJK 45/2024.




                                                                                                         6
Page 7
Unofficial Translation


      Set out below is the calculation of the Offer Price based on the Minimum Price Formula:

       No.        Date     Highest Price   No.      Date     Highest Price    No.           Date     Highest Price   No.       Date      Highest Price
         1     29 Apr 25         -         101   19 Jan 25         -          201        11 Oct 24         -         301     3 Jul 24          -
         2     28 Apr 25         -         102   18 Jan 25         -          202        10 Oct 24         -         302     2 Jul 24          -
         3     27 Apr 25         -         103   17 Jan 25         -          203         9 Oct 24         -         303     1 Jul 24          -
         4     26 Apr 25         -         104   16 Jan 25         -          204         8 Oct 24         -         304   30 Jun 24           -
         5     25 Apr 25         -         105   15 Jan 25         -          205         7 Oct 24         -         305   29 Jun 24           -
         6     24 Apr 25         -         106   14 Jan 25         -          206         6 Oct 24         -         306   28 Jun 24           -
         7     23 Apr 25         -         107   13 Jan 25         -          207         5 Oct 24         -         307   27 Jun 24           -
         8     22 Apr 25         -         108   12 Jan 25         -          208         4 Oct 24         -         308   26 Jun 24           -
         9     21 Apr 25         -         109   11 Jan 25         -          209         3 Oct 24         -         309   25 Jun 24           -
        10     20 Apr 25         -         110   10 Jan 25         -          210         2 Oct 24         -         310   24 Jun 24           -
        11     19 Apr 25         -         111    9 Jan 25         -          211         1 Oct 24         -         311   23 Jun 24           -
        12     18 Apr 25         -         112    8 Jan 25         -          212        30 Sep 24         -         312   22 Jun 24           -
        13     17 Apr 25         -         113    7 Jan 25         -          213        29 Sep 24         -         313   21 Jun 24           -
        14     16 Apr 25         -         114    6 Jan 25         -          214        28 Sep 24         -         314   20 Jun 24           -
        15     15 Apr 25         -         115    5 Jan 25         -          215        27 Sep 24         -         315   19 Jun 24           -
        16     14 Apr 25      43.850       116    4 Jan 25         -          216        26 Sep 24         -         316   18 Jun 24           -
        17     13 Apr 25         -         117    3 Jan 25         -          217        25 Sep 24         -         317   17 Jun 24           -
        18     12 Apr 25         -         118    2 Jan 25         -          218        24 Sep 24         -         318   16 Jun 24           -
        19     11 Apr 25         -         119    1 Jan 25         -          219        23 Sep 24         -         319   15 Jun 24           -
        20     10 Apr 25         -         120   31 Dec 24         -          220        22 Sep 24         -         320   14 Jun 24           -
        21      9 Apr 25         -         121   30 Dec 24         -          221        21 Sep 24         -         321   13 Jun 24           -
        22      8 Apr 25         -         122   29 Dec 24         -          222        20 Sep 24         -         322   12 Jun 24           -
        23      7 Apr 25         -         123   28 Dec 24         -          223        19 Sep 24         -         323   11 Jun 24           -
        24      6 Apr 25         -         124   27 Dec 24         -          224        18 Sep 24         -         324   10 Jun 24           -
        25      5 Apr 25         -         125   26 Dec 24         -          225        17 Sep 24         -         325    9 Jun 24           -
        26      4 Apr 25         -         126   25 Dec 24         -          226        16 Sep 24         -         326    8 Jun 24           -
        27      3 Apr 25         -         127   24 Dec 24         -          227        15 Sep 24         -         327    7 Jun 24           -
        28      2 Apr 25         -         128   23 Dec 24         -          228        14 Sep 24         -         328    6 Jun 24           -
        29      1 Apr 25         -         129   22 Dec 24         -          229        13 Sep 24         -         329    5 Jun 24           -
        30     31 Mar 25         -         130   21 Dec 24         -          230        12 Sep 24         -         330    4 Jun 24           -
        31     30 Mar 25         -         131   20 Dec 24         -          231        11 Sep 24         -         331    3 Jun 24           -
        32     29 Mar 25         -         132   19 Dec 24         -          232        10 Sep 24         -         332    2 Jun 24           -
        33     28 Mar 25         -         133   18 Dec 24         -          233         9 Sep 24         -         333    1 Jun 24           -
        34     27 Mar 25         -         134   17 Dec 24         -          234         8 Sep 24         -         334   31 May 24           -
        35     26 Mar 25         -         135   16 Dec 24         -          235         7 Sep 24         -         335   30 May 24           -
        36     25 Mar 25         -         136   15 Dec 24         -          236         6 Sep 24         -         336   29 May 24           -
        37     24 Mar 25         -         137   14 Dec 24         -          237         5 Sep 24         -         337   28 May 24           -
        38     23 Mar 25         -         138   13 Dec 24         -          238         4 Sep 24         -         338   27 May 24           -
        39     22 Mar 25         -         139   12 Dec 24         -          239         3 Sep 24         -         339   26 May 24           -
        40     21 Mar 25         -         140   11 Dec 24         -          240         2 Sep 24      43.875       340   25 May 24           -
        41     20 Mar 25         -         141   10 Dec 24         -          241         1 Sep 24         -         341   24 May 24           -
        42     19 Mar 25      43.850       142    9 Dec 24         -          242        31 Aug 24         -         342   23 May 24           -
        43     18 Mar 25      43.850       143    8 Dec 24         -          243        30 Aug 24         -         343   22 May 24           -
        44     17 Mar 25         -         144    7 Dec 24         -          244        29 Aug 24         -         344   21 May 24           -
        45     16 Mar 25         -         145    6 Dec 24         -          245        28 Aug 24         -         345   20 May 24           -
        46     15 Mar 25         -         146    5 Dec 24         -          246        27 Aug 24         -         346   19 May 24           -
        47     14 Mar 25         -         147    4 Dec 24         -          247        26 Aug 24         -         347   18 May 24           -
        48     13 Mar 25         -         148    3 Dec 24         -          248        25 Aug 24         -         348   17 May 24           -
        49     12 Mar 25         -         149    2 Dec 24         -          249        24 Aug 24         -         349   16 May 24           -
        50     11 Mar 25         -         150    1 Dec 24         -          250        23 Aug 24         -         350   15 May 24           -
        51     10 Mar 25         -         151   30 Nov 24         -          251        22 Aug 24         -         351   14 May 24           -
        52      9 Mar 25         -         152   29 Nov 24         -          252        21 Aug 24         -         352   13 May 24           -
        53      8 Mar 25         -         153   28 Nov 24         -          253        20 Aug 24         -         353   12 May 24           -
        54      7 Mar 25         -         154   27 Nov 24         -          254        19 Aug 24         -         354   11 May 24           -
        55      6 Mar 25         -         155   26 Nov 24         -          255        18 Aug 24         -         355   10 May 24           -
        56      5 Mar 25         -         156   25 Nov 24         -          256        17 Aug 24         -         356    9 May 24           -
        57      4 Mar 25         -         157   24 Nov 24         -          257        16 Aug 24         -         357    8 May 24           -
        58      3 Mar 25      43.875       158   23 Nov 24         -          258        15 Aug 24         -         358    7 May 24           -
        59      2 Mar 25         -         159   22 Nov 24         -          259        14 Aug 24         -         359    6 May 24           -
        60      1 Mar 25         -         160   21 Nov 24         -          260        13 Aug 24         -         360    5 May 24           -
        61     28 Feb 25         -         161   20 Nov 24         -          261        12 Aug 24         -         361    4 May 24           -
        62     27 Feb 25         -         162   19 Nov 24         -          262        11 Aug 24         -         362    3 May 24           -
        63     26 Feb 25         -         163   18 Nov 24         -          263        10 Aug 24         -         363    2 May 24           -
        64     25 Feb 25         -         164   17 Nov 24         -          264         9 Aug 24         -         364    1 May 24           -
        65     24 Feb 25         -         165   16 Nov 24         -          265         8 Aug 24         -         365   30 April 24         -
        66     23 Feb 25         -         166   15 Nov 24         -          266         7 Aug 24         -
        67     22 Feb 25         -         167   14 Nov 24         -          267         6 Aug 24         -
        68     21 Feb 25      43.875       168   13 Nov 24         -          268         5 Aug 24         -
        69     20 Feb 25         -         169   12 Nov 24         -          269         4 Aug 24         -
        70     19 Feb 25         -         170   11 Nov 24         -          270         3 Aug 24         -
        71     18 Feb 25         -         171   10 Nov 24         -          271         2 Aug 24         -
        72     17 Feb 25         -         172    9 Nov 24         -          272         1 Aug 24         -
        73     16 Feb 25         -         173    8 Nov 24         -          273        31 Jul 24      43.875
        74     15 Feb 25         -         174    7 Nov 24         -          274        30 Jul 24      40.075
        75     14 Feb 25         -         175    6 Nov 24         -          275        29 Jul 24      40.000
        76     13 Feb 25         -         176    5 Nov 24         -          276        28 Jul 24         -
        77     12 Feb 25         -         177    4 Nov 24         -          277        27 Jul 24         -
        78     11 Feb 25         -         178    3 Nov 24         -          278        26 Jul 24      39.000
        79     10 Feb 25         -         179    2 Nov 24         -          279        25 Jul 24         -
        80      9 Feb 25         -         180    1 Nov 24         -          280        24 Jul 24         -
        81      8 Feb 25         -         181   31 Oct 24         -          281        23 Jul 24      39.125
        82      7 Feb 25         -         182   30 Oct 24         -          282        22 Jul 24         -
        83      6 Feb 25         -         183   29 Oct 24         -          283        21 Jul 24         -
        84      5 Feb 25         -         184   28 Oct 24         -          284        20 Jul 24         -
        85      4 Feb 25         -         185   27 Oct 24         -          285        19 Jul 24         -
        86      3 Feb 25         -         186   26 Oct 24         -          286        18 Jul 24         -
        87      2 Feb 25         -         187   25 Oct 24         -          287        17 Jul 24         -
        88      1 Feb 25         -         188   24 Oct 24         -          288        16 Jul 24         -
        89     31 Jan 25         -         189   23 Oct 24         -          289        15 Jul 24         -
        90     30 Jan 25         -         190   22 Oct 24         -          290        14 Jul 24         -
        91     29 Jan 25         -         191   21 Oct 24         -          291        13 Jul 24         -
        92     28 Jan 25         -         192   20 Oct 24         -          292        12 Jul 24         -
        93     27 Jan 25         -         193   19 Oct 24         -          293        11 Jul 24         -
        94     26 Jan 25         -         194   18 Oct 24         -          294        10 Jul 24         -
        95     25 Jan 25         -         195   17 Oct 24         -          295         9 Jul 24         -
        96     24 Jan 25         -         196   16 Oct 24         -          296         8 Jul 24         -
        97     23 Jan 25         -         197   15 Oct 24         -          297         7 Jul 24         -
        98     22 Jan 25         -         198   14 Oct 24         -          298         6 Jul 24         -
        99     21 Jan 25         -         199   13 Oct 24         -          299         5 Jul 24         -
       100     20 Jan 25         -         200   12 Oct 24         -          300         4 Jul 24         -

      Note: The IDX temporarily suspended trading of the Target Company's shares on the regular market and cash market on 30 April 2025.

        Total of Highest Prices                                       IDR 465,250.-

        Number of days with trading activity                                        11

        Highest Average Price                                           IDR 42,295.-

        Offer Price                                                     IDR 45,000.-




                                                                                                                                                         7
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Unofficial Translation




3.    Conduct of the VTO

      The VTO Period must commence no later than 2 (two) Exchange Days after the VTO Statement
      is declared effective by OJK. The VTO Period shall last for a minimum of 30 (thirty) Days and
      may be extended for a maximum of 90 (ninety) Days, unless otherwise approved by OJK. Any
      extension of the VTO Period must be for a minimum of 15 (fifteen) Days and must be announced
      2 (two) Days prior to the commencement of the extension period. The VTO must be completed
      no later than 12 (twelve) Days after the end of the VTO Period through the delivery of cash or the
      delivery of securities as consideration therefor.

      Each Public Shareholder who intends to sell its Public Shares in the Target Company is required
      to complete and return the VTO Form in accordance with the procedures set out in Chapter VI
      Procedures and Requirements for the VTO to the BAE no later than the Closing Date.

      The process of buying and selling Shares shall be conducted through a crossing transaction on
      the IDX and settlement shall be carried out in accordance with KSEI regulations.

      Public Shareholders who are not willing to sell their Shares in the VTO shall remain as
      shareholders of the Target Company once it has been converted to a privately held company.

4.    Payment Date


      Payment shall be made no later than 12 (twelve) Days after the Closing Date to Public
      Shareholders who have participated in the VTO and have completed all required documents in
      accordance with the requirements set out in this VTO Statement. Payment shall be made in
      Rupiah.

5.    Required Approvals

      There are no other approvals or requirements prescribed by applicable laws and regulations that
      must be fulfilled by Protelindo in connection with the VTO, other than the requirements set out in
      POJK 54/2015 and POJK 45/2024.

      Protelindo does not require any approval/notification from and/or to its creditors and/or any third
      parties with respect to the conduct of the VTO. In addition, the Target Company does not require
      any approval/notification from and/or to its creditors and/or any third parties with respect to the
      conduct of the VTO by Protelindo.

6.    Relationship with the Target Company

      As at the date of this VTO Statement:
      a. Protelindo's direct shareholding in the Target Company amounts to 1,107,187,889 (one
           billion one hundred seven million one hundred eighty-seven thousand eight hundred eighty-
           nine) shares (97.33%) and its indirect shareholding through Iforte amounts to 29,411,765
           (twenty-nine million four hundred eleven thousand seven hundred sixty-five) shares (2.58%);
      b. There are concurrent positions held by members of the Board of Directors and Board of
           Commissioners between the Target Company and Protelindo, as follows:

                         Name                Position in the Target         Position in Protelindo
                                                   Company
             Juliawati Gunawan Halim       President Director             VicePresident Director
             Eko Santoso Hadiprodjo        Commissioner                   Director
             Kusmayanto Kadiman            President Commissioner         Independent
                                           (Independent                   Commissioner
                                           Commissioner)


                                                                                                       8
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      c.   Protelindo does not have any sales or purchase contracts with the Target Company, other
           than contracts relating to the principal business activities of Protelindo and the Target
           Company entered into within the last 3 years.

7.    Adequacy of Funds Declaration

      Protelindo hereby declares that it has sufficient funds and is capable of fulfilling its obligation to
      make full payment to Public Shareholders for the purchase of Public Shares in connection with
      the execution of the VTO.

8.    Additional Information

      As at the date of this VTO Statement, neither Protelindo nor the Target Company is involved in
      any court proceedings or other disputes outside of court that would have a material impact on its
      financial condition and operational activities or on the planned implementation of the VTO.


            III.   PURPOSE OF THE VTO AND PLANS FOR THE TARGET COMPANY


1.    Purpose of the VTO

      Protelindo intends to purchase the VTO object in connection with the Target Company's plan to
      implement the Go Private and Delisting Plan, as approved by the Independent Shareholders of
      the Target Company at the EGMS of 20 May 2026.

      The VTO is conducted in order to comply with the requirements of POJK 45/2024 and POJK
      54/2015, as well as to provide Public Shareholders with the opportunity to sell their Shares.

2.    Plans for the Target Company

      In the event that the VTO conducted by Protelindo has successfully reduced the number of
      shareholders of the Target Company to below 50 shareholders or such other number as
      determined by OJK in accordance with the provisions of POJK 45/2024, Protelindo and the
      Target Company will proceed with the Go Private and Delisting process, in compliance with
      applicable laws and regulations.

      The change of status of the Target Company to a private company is consistent with the Group's
      long-term business strategy aimed at achieving more efficient asset management and operations
      through restructuring within the Group, including a review of the shareholding status held by PT
      Sarana Menara Nusantara Tbk (both directly and indirectly) in several subsidiaries.


               IV. INFORMATION REGARDING THE PARTY CONDUCTING THE VTO

A.    Brief History of Protelindo

      PT Profesional Telekomunikasi Indonesia is a limited liability company incorporated in Indonesia
      pursuant to Deed of Establishment No. 2 dated 8 November 2002, made before Hildayanti, S.H.,
      Notary in Bandung. The Articles of Association of Protelindo were ratified by the Minister of Law
      and Human Rights pursuant to Decree No. C-00079 HT.01.01.TH.2003 dated 3 January 2003
      and announced in the State Gazette No. 21 dated 14 March 2003, Supplement No. 2095. The
      Articles of Association of Protelindo, as contained in the aforementioned deed of establishment,
      have been amended on several occasions. The latest amendment is set out in the Deed of
      Statement of Meeting Resolutions No. 22 dated 28 July 2025, made before Caesaria
      Dhamayanti, S.H., M.Kn., Notary in Tangerang Regency, which addresses, among other matters,
      a change to the capital structure through an increase in the authorized capital, issued capital,
      and paid-up capital, as well as a restatement of the entire provisions of Protelindo's Articles of
      Association. Such amendment to the articles of association has obtained approval from the
      Minister of Law pursuant to Approval of Amendment to Articles of Association No.

                                                                                                          9
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Unofficial Translation


      AHU0050024.AH.01.02.TAHUN 2025 dated 29 July 2025, has been notified to the Minister of
      Law and Human Rights pursuant to Receipt of Notice on Amendment to Articles of Association
      No. AHU-AH.01.03-0199406 dated 29 July 2025, and has been registered in the Company
      Register under No. AHU-0172452.AH.01.11.TAHUN 2025 dated 29 July 2025 ("Protelindo's
      Articles of Association").

B.    Business Activities of Protelindo

      Pursuant to Article 3 of Protelindo's Articles of Association and its Business Identification Number
      (Nomor Induk Berusaha), the business activities of Protelindo are Telecommunications Central
      Construction (KBLI 42206) and Holding Company Activities (KBLI 64200).

C.    Capital Structure and Shareholders of Protelindo

      The capital structure and shareholders of Protelindo as at 30 April 2026 are as follows:

                                                                      Nominal Value

                                                                     IDR 100 per Share
                     Description
                                                                         Nominal Value
                                                Number of Shares                                 %
                                                                              (IDR)
       Authorized Capital                          200,000,000,000      20,000,000,000,000
       Issued and Paid-Up Capital:
        1.   PT Sarana Menara Nusantara Tbk.        58,322,620,186       5,832,262,018,600   99.999999998
        2.   Ferdinandus Aming Santoso                           1                    100     0.000000002
       Total of Issued and Paid-Up Capital          58,322,620,187       5,832,262,018,700           100
       Shares in Portfolio                         141,677,379,813      14,167,737,981,300


      The Controlling Party of Protelindo, as referred to in Law No. 4 Year 2023 on Financial Sector
      Development and Strengthening, is PT Sarana Menara Nusantara Tbk. Based on the Data
      Submission Information document dated 10 March 2026, Protelindo has also submitted a report
      regarding the identification of the ultimate beneficial owners to the Directorate General of General
      Law Administration of the Ministry of Law and Human Rights via an online system, whereby the
      ultimate beneficial owners of Protelindo are Martin Basuki Hartono and Victor Rachmat Hartono.
      Such reporting was made in compliance with Presidential Regulation No. 13 of 2018 on
      Implementation of the Principle of Recognizing the Beneficial Owner of Corporations for the
      Prevention and Eradication of Money Laundering and Terrorism Financing Criminal Activities.

D.    Composition of the Board of Commissioners and Board of Directors of Protelindo

      The composition of the Board of Commissioners and Board of Directors of Protelindo pursuant
      to the Deed of Statement of Resolutions of Shareholders in Lieu of an Extraordinary General
      Meeting of Shareholders No. 21 dated 26 January 2026, made before Caesaria Dhamayanti,
      S.H., M.Kn., Notary in Tangerang Regency, which has been notified to the Minister of Law as
      evidenced by the Receipt of Notice on Change of Company Data No. AHU-AH.01.09-0051069
      dated 18 February 2026 and registered in the Company Register under No. AHU-
      0029075.AH.01.11.TAHUN 2026 dated 18 February 2026, is as follows:

      Board of Commissioners
      President Commissioner             :   Ario Wibisono
      Commissioner                       :   Kenny Harjo
      Independent Commissioner           :   Kusmayanto Kadiman
      Independent Commissioner           :   John Aristianto Prasetio




                                                                                                       10
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      Board of Directors
      President Director                :   Ferdinandus Aming Santoso
      Vice President Director           :   Anita Anwar
      Vice President Director           :   Juliawati Gunawan Halim
      Director                          :   Indra Gunawan
      Director                          :   Eko Santoso Hadiprodjo
      Director                          :   Onggo Wijaya


E.    Other Information

      Protelindo and/or the members of Protelindo's Board of Directors hereby declare that within the
      last 3 (three) years:

      1.   neither Protelindo nor any member of Protelindo's Board of Directors has been declared
           insolvent;
      2.   no member of Protelindo's Board of Directors has been found guilty as a member of a board
           of directors responsible for causing a company to be declared insolvent;
      3.   neither Protelindo nor any member of Protelindo's Board of Directors has been convicted of
           a financial crime; and
      4.   neither Protelindo nor any member of Protelindo's Board of Directors has been ordered by
           a court or competent authority to cease its business activities relating to securities.


                V.          INFORMATION REGARDING THE TARGET COMPANY


      A.   Brief History of the Target Company

      PT Solusi Tunas Pratama Tbk was established pursuant to Deed of Notary Ridjqi Nurdiani, S.H.,
      No. 5 dated 25 July 2006. The Deed of the Company was ratified by the Minister of Law and
      Human Rights of the Republic of Indonesia pursuant to Decree No. W8-00259 HT.01.01-TH.2006
      dated 27 September 2006 and announced in the State Gazette of the Republic of Indonesia No.
      73 dated 11 September 2007, Supplement No. 9241/2007.

      The Articles of Association of the Target Company have been amended on several occasions,
      most recently amended pursuant to Deed of Notary Christina Dwi Utami, S.H., M.Hum., M.Kn.,
      No. 10 dated 1 March 2022, in connection with the changes to the company's purposes and
      objectives. Such amendment was acknowledged by the Minister of Law and Human Rights of
      the Republic of Indonesia pursuant to Decree No. AHU-0017268.AH.01.02.TAHUN 2022 dated
      10 March 2022 ("Target Company's Articles of Association").

      The principal office of the Target Company is located in Kudus Regency at Jalan Tanjung Karang
      No. 11, Desa Jati Kulon, Kecamatan Jati, Kudus, Central Java, Indonesia, and its branch office
      is located at Menara BCA, 49th Floor, Jalan M.H. Thamrin No. 1, Jakarta 10310, Indonesia.

      B.   Business Activities of the Target Company

      Pursuant to Article 3 of the Target Company's Articles of Association, the scope of its activities
      encompasses operations in the fields of telecommunications central construction, owned or
      leased real estate, and holding company activities. The Target Company commenced
      commercial operations in March 2008.

      As at the date of this VTO Statement, the Target Company continues to carry out its business
      activities as set out above.




                                                                                                     11
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      C.    Subsidiaries of the Target Company

      As at 31 December 2025, the Target Company has the following directly-owned subsidiaries:

           Subsidiary          Year of      Business       Ownership     Operational     Revenue
                             Commercial      Activity        (%)           Status       Contribution
                             Operations                                                     (%)
        PT Sarana Inti          2005       Management        99.87       Operating          0.73
        Persada                            and Lease of
                                           BTS Towers
        PT Global               2010       Management        99.99       Operating          0.73
        Indonesia                          and Lease of
        Komunikatama                       BTS Towers

      D.    Capital Structure and Shareholders of the Target Company

      The capital structure of the Target Company as at the date of this VTO Statement is as set forth
      in the Deed of Statement of Meeting Resolutions No. 233 dated 25 November 2021, made before
      Notary Christina Dwi Utami, S.H., M.Hum., M.Kn., Notary in Jakarta, which has obtained approval
      of the amendment to the articles of association from the Minister of Law and Human Rights of
      the Republic of Indonesia pursuant to Decree No. AHU-0067963.AH.01.02.TAHUN 2021 dated
      29 November 2021 and registered in the Company Register of the Ministry of Law and Human
      Rights of the Republic of Indonesia under No. AHU-0209838.AH.01.11.TAHUN 2021 dated 29
      November 2021, is as follows:

        Authorized Capital                   :   2,000,000,000 (two billion) shares, each with a
                                                 nominal value of IDR 100 (one hundred Rupiah) per
                                                 share.


        Issued and Paid-Up Capital           :   1,137,579,698 (one billion one hundred thirty-seven
                                                 million five hundred seventy-nine thousand six
                                                 hundred ninety-eight) shares, each with a nominal
                                                 value of IDR 100 per share.

      Based on the Shareholders Register as at 30 April 2026, maintained by the BAE of the Target
      Company, the composition of the shareholders of the Target Company is as follows:

         No.             Shareholder              Shares             Nominal Value           %
                                                                        (IDR)
           1.   Protelindo                       1,107,187,889       110,718,788,900             97.33

           2.   PT Iforte Solusi Infotek            29,411,765         2,941,176,500               2.58

           3.   Public (each below 5%)                  980,044           98,004,400               0.09
        Total                                    1,137,579,698       113,757,969,800          100.00




                                                                                                     12
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      The shareholding structure of the Target Company as at 30 April 2026 is as follows:




      The Controlling Party of the Target Company, as referred to in POJK 45/2024, is Protelindo.
      Based on the Data Submission Information document dated 10 March 2026, the Target Company
      has also submitted a report regarding the identification of the ultimate beneficial owners to the
      Directorate General of General Law Administration of the Ministry of Law and Human Rights via
      an online system, whereby the ultimate beneficial owners of the Target Company are Martin
      Basuki Hartono and Victor Rachmat Hartono (as illustrated in the Target Company's shareholding
      structure above). Such reporting was made in compliance with Presidential Regulation No. 13 of
      2018 on Implementation of the Principle of Recognizing the Beneficial Owner of Corporations for
      the Prevention and Eradication of Money Laundering and Terrorism Financing Criminal Activities.


      E.   Composition of the Board of Commissioners and Board of Directors of the Target
           Company

      The composition of the members of the Board of Commissioners and Board of Directors of the
      Target Company as at the date of this VTO Statement is as follows:

      Board of Directors
      President Director                           :   Juliawati Gunawan Halim
      Director                                     :   Hartono Tanuwidjaja
      Director                                     :   Wong Tjin Tak
      Director                                     :   Wellington

      Board of Commissioners
      President Commissioner (Independent          :   Kusmayanto Kadiman
      Commissioner)
      Independent Commissioner                     :   Harry Mozarta Zen
      Commissioner                                 :   Eko Santoso Hadiprodjo

      F.   Summary of Financial Information of the Target Company

      Set out below is a summary of key financial data of the Target Company based on the Target
      Company's Consolidated Financial Statements for the year ended 31 December 2025, which
      have been audited by Public Accounting Firm Tjahjadi & Tamara pursuant to report No.
      00100/2.0853/AU.1/06/0264-4/1/III/2026 dated 16 March 2026, which expressed an unqualified
      opinion in all material respects, signed by Public Accountant Riani.

                                                                                                    13
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      Statement of Financial Position
                                                                              (in millions of Rupiah)

                                                            Years ended 31 December
          Statement of Financial Position
                                                       2025           2024                2023
       Current Assets                                     272,507         776,917            946,200
       Non-Current Assets                               9,883,814       9,025,422          8,939,382
       Total Assets                                    10,156,321       9,802,339          9,885,582

       Current Liabilities                              1,943,920         2,648,598        3,363,726
       Non-Current Liabilities                            190,341           456,927          810,207
       Total Liabilities                                2,134,261         3,105,525        4,173,933
       Equity                                           8,022,060         6,696,814        5,711,649
       Total Liabilities and Equity                    10,156,321         9,802,339        9,885,582


      Statement of Profit or Loss
                                                                              (in millions of Rupiah)

                                                                     Years ended 31 December
                         Statement of Profit or Loss                                      2023
                                                                    2025        2024
       Revenue                                                      1,910,682 1,817,387 1,892,085
       Cost of Revenue                                              (495,920)  (473,416) (465,236)
       Gross Profit                                                 1,414,762 1,343,971 1,426,849
       Profit for the Year                                          1,324,528    974,318 1,128,341
       Total Comprehensive Income for the Year                      1,321,756    976,277 1,130,574
       Basic Earnings Per Share Attributable to Owners of               1,164        856       992
       the Parent Entity (full amount)

      Key Financial Ratios

                                                             Years ended 31 December
                     Description
                                                        2025            2024         2023
       Current Ratio                                       14.02%          29.33%       28.13%
       Debt to Equity Ratio                                26.60%          46.37%       73.08%
       Debt to Assets Ratio                                21.01%          31.68%       42.22%
       Gross Profit Margin                                 74.04%          73.95%       75.41%
       Net Profit Margin                                   69.32%          53.61%       59.63%
       Return on Equity                                    16.51%          14.55%       19.76%
       Return on Assets                                    13,04%           9,94%       11.41%




                                                                                                    14
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                        VI.   PROCEDURES AND REQUIREMENTS FOR THE VTO

      1.   VTO Period

           The VTO shall commence on 15 June 2026 at 08:30 Western Indonesian Time (WIB) and
           shall close on 14 July 2026 at 16:00 WIB.

      2.   Eligible Applicants

           Applicants are Public Shareholders as defined above.

           Applicants who hold shares in the KSEI collective custody (scriptless) and who intend to
           participate in the VTO are requested to instruct the securities company and/or custodian
           bank with which they hold a securities sub-account to block the shares to be tendered in the
           VTO through the KSEI C-BEST system, and to attach a copy of the share sale form and
           proof of delivery/receipt of the share sale form to the BAE. The number of blocked shares is
           final and, accordingly, such shares may not be traded or transferred to any other party,
           except to Protelindo for the purpose of its purchase of such shares.

           In the event that an Applicant's shares are subject to a pledge, such Applicant may only
           participate in the VTO upon obtaining the consent of the creditor holding the pledge over
           such shares.

           Applicants whose shares are subject to a dispute may not participate in the VTO, unless
           they are able to demonstrate that the dispute over the ownership of such shares has been
           resolved, as evidenced by valid and legally admissible supporting documentation.

      3.   Voluntary Tender Offer Form

           Applications to participate in the VTO must be submitted in accordance with the terms and
           conditions set out in this VTO Statement and the VTO Form. The VTO Form may be
           obtained from the BAE of the Target Company at the following address:

                                            PT Raya Saham Registra
                                        Plaza Sentral Building, 2nd Floor,
                                        Jl. Jenderal Sudirman No. 47-48,
                                                  Jakarta 12930,
                                               Tel.: (021) 2525666
                                               Fax.: (021) 2525028
                                          Email: vto.supr@registra.co.id

           VTO Form that are not completed in accordance with the requirements set out in the VTO
           Form and this VTO Statement shall not be processed, and the relevant Shareholder shall
           not be permitted to participate in the Voluntary Tender Offer.

      4.   Procedure for Submission of the VTO Form

           a.     Signing of the VTO Form

                  Public Shareholders or their proxy must complete their applications during the VTO
                  Period by submitting to the BAE a duly completed and signed VTO Form in 4 (four)
                  original counterparts, together with the following supporting documents:

                  i.          Individual Public Shareholders
                              1)     A photocopy of the Public Shareholder's valid national identity card.
                              2)     A photocopy of the passport or limited stay permit card for foreign
                                     Public Shareholders.

                  ii.         Institutional Public Shareholders


                                                                                                       15
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Unofficial Translation


                          1)     A photocopy of the articles of association and the deed reflecting the
                                 current composition of the Board of Directors and Board of
                                 Commissioners.
                          2)     A photocopy of the valid national identity card of the members of the
                                 Board of Directors authorized to represent the institutional shareholder.
                          3)     A photocopy of the valid passport of the foreign members of the Board
                                 of Directors authorized to represent the institutional Public Shareholder
                                 (if any).

                  Where the VTO Form is signed by a proxy of the Applicant, the original power of
                  attorney in a form acceptable to the BAE, duly executed with an affixed stamp duty,
                  must be attached together with the VTO Form and its accompanying documents.

                  After completing the VTO Form in accordance with the foregoing steps, Shareholders
                  are requested to first send all required documents by email with the subject heading
                  "VTO SUPR" to the following email address: vto.supr@registra.co.id, together with
                  the delivery of the original documents to the BAE at the address set out below.

                                           Securities Administration Bureau:
                                               PT Raya Saham Registra
                                           Plaza Sentral Building, 2nd Floor,
                                           Jl. Jenderal Sudirman No. 47-48,
                                                    Jakarta 12930,
                                                  Tel.: (021) 2525666
                                                  Fax.: (021) 2525028

           b.     Acknowledgement of Receipt

                  Upon submission of the completed VTO Form and all other required documents to
                  the BAE, the Applicant shall receive an acknowledgement of receipt reflecting the
                  Applicant's participation in the VTO, which shall be dated, signed, and stamped by
                  the BAE. The Applicant's securities company/custodian bank shall then instruct KSEI
                  to transfer the relevant shares of the Target Company registered in the name of the
                  Applicant from the custodian bank/securities company to the KSEI temporary escrow
                  account ("Escrow Account") by way of giving Securities Transfer Instructions
                  through C-BEST.

                  In the event that the Applicant's securities company/custodian bank has not yet
                  instructed KSEI to transfer the Target Company's shares to the Escrow Account prior
                  to the expiry of the VTO Period, the application for the VTO transaction by the relevant
                  Applicant shall be deemed void and of no effect.

                  The shares of the Target Company that have been transferred to the Escrow Account
                  may not be assigned or transferred until the end of the VTO Period, except in the
                  event of a cancellation by the securities company/custodian bank on behalf of the
                  Applicant in accordance with the terms and conditions set out in paragraph c below.

           c.     Cancellation of Voluntary Tender Application

                  Before the end of and during the VTO Period, Protelindo shall be entitled to reject the
                  Public Shares tendered in the Voluntary Tender Offer by Applicants who have
                  submitted the VTO Form, if the terms and conditions of the VTO have not been
                  satisfied by such Applicants.

                  Before the end of and during the VTO Period, any Applicant who has submitted a
                  VTO application may cancel its participation in the VTO process through its securities
                  company/custodian bank, in respect of all or any portion of its shares in the Target
                  Company that have been transferred to the Escrow Account, by means of written
                  notice by email to the securities company/custodian bank with a copy to KSEI.



                                                                                                       16
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Unofficial Translation


           d.     Verification

                  Within 1 (one) Exchange Day following the Closing Date, KSEI shall provide a list of
                  Applicants/account holders who have transferred the Target Company's Shares to
                  the Escrow Account for the purpose of accepting the VTO, which shall be further
                  verified by the relevant Applicants in accordance with the terms and conditions set
                  out in the requirements of the VTO.

                  Prior to the Payment Date, the appointed Securities Company shall provide
                  confirmation to KSEI with respect to the approved Applicants. The determination of
                  approved Applicants by the Securities Company shall be final and binding on all
                  Applicants.

           e.     Payment

                  Upon completion of the verification of VTO Applications documents, Protelindo shall
                  confirm and transfer funds for the settlement of the purchase to KSEI.

                  Payment of the Offer Price to the approved Applicants shall be made by the Securities
                  Company, acting for and on behalf of Protelindo, through KSEI. KSEI shall effect
                  payment of the funds through C-BEST by way of book entry to each of the securities
                  company/custodian bank accounts in the name of the approved Applicants.

                  Payment shall be made in Rupiah, net of applicable commissions, IDX transaction
                  fees, and all applicable taxes, which shall be paid by the Applicant, amounting to
                  0.35% of the Offer Price.

           f.     Cancellation of the VTO

                  The VTO shall not be cancelled after it has been announced, except with the approval
                  of OJK.

           g.     Reporting of VTO Results

                  Protelindo shall report the results of the VTO to OJK no later than 10 (ten) Business
                  Days from the date of completion of the VTO settlement.




                                                                                                    17
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Unofficial Translation


                              VII.   PARTIES INVOLVED IN THE VTO


   The following parties are assisting Protelindo in the conduct of the VTO:

   Legal Counsel:                         Makes & Partners Law Firm
                                          Menara Batavia, 7th Floor, Jl. K.H. Mas Mansyur No. Kav.
                                          126, Central Jakarta
                                          Tel. (hunting): (021) 5747181
                                          Email: makes@makeslaw.com

                                          The primary role of Legal Counsel in connection with the VTO
                                          is to provide legal advice to Protelindo regarding the VTO and
                                          to ensure that the VTO is conducted in accordance with
                                          applicable laws and regulations in Indonesia.

   Securities Company:                    PT Bahana Sekuritas
                                          Gedung Graha CIMB Niaga, 10th Floor,
                                          Jl. Jenderal Sudirman Kav. 58,
                                          South Jakarta, 12190
                                          Tel.: (021) 2505081
                                          Email: bs_ibcm@bahana.co.id

                                          The primary role of the appointed Securities Company in the
                                          VTO is to carry out administrative functions in connection with
                                          the implementation and settlement of the VTO on behalf of
                                          Protelindo, including to (i) jointly with the BAE, verify and
                                          provide confirmation to KSEI with respect to the approved
                                          applicants; (ii) receive the tendered shares transferred by
                                          KSEI; and (iii) deliver the funds for payment of the shares to
                                          KSEI.

   Central Custodian:                     PT Kustodian Sentral Efek Indonesia
                                          The Indonesia Stock Exchange Building, Tower I, 5th Floor,
                                          Jalan Jend. Sudirman Kav. 52–53, Jakarta 12190, Indonesia
                                          Tel.: (021) 52991099
                                          Fax.: (021) 52991199
                                          Email: pe@ksei.co.id

                                          The primary role of KSEI in the VTO is to (i) receive the
                                          shares (in scriptless form) transferred to the Escrow Account;
                                          (ii) issue a list of applicants who have transferred their shares
                                          to the Escrow Account; (iii) receive the funds for payment of
                                          the shares from the appointed Securities Company on behalf
                                          of Protelindo; and (iv) thereafter distribute payment to the
                                          approved applicants (through their respective securities
                                          companies/custodian banks).

   Securities Administration Bureau:      PT Raya Saham Registra
                                          Plaza Sentral Building, 2nd Floor,
                                          Jl. Jenderal Sudirman No. 47-48,
                                          Jakarta 12930,
                                          Tel.: (021) 2525666
                                          Fax.: (021) 2525028
                                          Email: vto.supr@registra.co.id

                                          The primary role of the BAE in the VTO is to (i) distribute and
                                          make available the VTO Form and copies of the VTO
                                          Statement; (ii) receive the VTO Form from Applicants as
                                          confirmed by the securities company/custodian bank; (iii)


                                                                                                        18
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Unofficial Translation


                                        issue acknowledgements of receipt; (iv) verify the accuracy
                                        of the data received from Applicants; (v) provide daily reports
                                        during the VTO Period to the appointed Securities Company;
                                        (vi) jointly conduct daily reconciliation with KSEI; and (vii)
                                        verify the validity of Applicants' share ownership in
                                        accordance with the terms and conditions of this VTO.

                               VIII.   ADDITIONAL INFORMATION

For further information regarding the VTO, Public Shareholders may contact:

                                Securities Administration Bureau:
                                     PT Raya Saham Registra
                                 Plaza Sentral Building, 2nd Floor,
                                 Jl. Jenderal Sudirman No. 47-48,
                                           Jakarta 12930,
                                        Tel.: (021) 2525666
                                        Fax.: (021) 2525028
                                   Email: vto.supr@registra.co.id

                                      Securities Company:
                                      PT Bahana Sekuritas
                              Gedung Graha CIMB Niaga, 10th Floor,
                                 Jl. Jenderal Sudirman Kav. 58,
                                       South Jakarta, 12190
                                        Tel.: (021) 2505081
                                 Email: bs_ibcm@bahana.co.id




                                                                                                    19

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Names mentioned 39 people and organisations named in the text · linked when the evidence is strong

linked org Solusi Tunas Pratama Tbk p.1 ×11
linked org Sarana Menara Nusantara Tbk p.3 ×11
linked org PT Iforte Solusi Infotek p.6 ×3
linked person Juliawati Gunawan Halim p.8 ×3
linked person Eko Santoso Hadiprodjo p.8 ×3
linked person Kusmayanto Kadiman p.8 ×3
linked person Ferdinandus Aming Santoso p.10 ×2
linked person John Aristianto Prasetio p.10
linked person Hartono Tanuwidjaja p.13
linked person Wong Tjin Tak p.13
linked person Harry Mozarta Zen p.13
possible org OTORITAS JASA KEUANGAN p.1 ×2
possible org PT Bursa Efek Indonesia p.2
possible person Ario Wibisono p.10
possible person Kenny Harjo p.10
possible person Anita Anwar p.11
possible person Indra Gunawan p.11
unresolved org FINANCIAL SERVICES AUTHORITY p.1 ×4
unresolved person H. Thamrin p.1 ×3
unresolved org PT Raya Saham Registra. p.2
unresolved org Government of the Republic of Indonesia p.3 ×2
unresolved org PT Kustodian Sentral Efek Indonesia p.3 ×2
unresolved org Minister of Law p.3 ×4
unresolved org Minister of Justice p.3
unresolved org Minister of Law and Human Rights p.3 ×5
unresolved org PT Bahana Sekuritas p.4 ×3
unresolved person VicePresident · President Director p.8 ×2
unresolved person Hildayanti · Notaris p.9
unresolved person Caesaria Dhamayanti · Notaris p.9 ×3
unresolved org Directorate General of General Law Administration p.10 ×2
unresolved org Ministry of Law and Human Rights p.10 ×3
unresolved person Notary Ridjqi Nurdiani p.11
unresolved person Notary Christina Dwi Utami · Notaris p.11 ×2
unresolved org PT Sarana Inti p.12
unresolved org PT Raya Saham Registra Plaza Sentral Building p.15 ×4
unresolved org Makes & Partners p.18
unresolved person K.H. Mas Mansyur p.18
unresolved org PT Kustodian Sentral Efek Indonesia The Indonesia Stock p.18
unresolved org Indonesia Stock Exchange p.18

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