20240715_JSMR_Tanggapan atas Permintaan Penjelasan Bursa_31683850_lamp1.pdf

7. Kontribusi secara operasional yang didapatkan secara langsung atas pemberian
shareholder loan kepada JMB.

Kontribusi yang diharapkan dan proforma keuangan perseroan dapat diakses dalam
Dokumen Laporan Pendapat Kewajaran Transaksi yang ditandatangani oleh Penilai (Hal
7-9 Shortform).

8. Fakta/informasi material/kejadian penting yang dapat berpengaruh signifikan terhadap
Perseroan serta dipandang dapat mempengaruhi fluktuasi perdagangan saham
Perseroan yang belum diungkapkan kepada publik dan wajib untuk segera diungkapkan
kepada publik.

Tidak terdapat fakta/informasi material/kejadian penting lainnya.

Demikian hal ini kami sampaikan, atas perhatian dan kerjasamanya kami ucapkan terima
kasih.

|

Nixon Sitorus
Corporate Secretary &
Chief Administration Officer

Tembusan, Yth:

1. Direktur Pengawasan Transaksi Efek, Otoritas Jasa Keuangan,
2. Direktur Penilaian Keuangan Perusahaan Sektor Jasa, Otoritas Jasa Keuangan,
3. Direksi PT Jasa Marga (Persero) Tbk.

HNG/MKA

fr

KKHLAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif

JASAMARGA

Indonesia Highway Corp.

No. 1 AB.PN.06.03.268 15 July 2024
Encl “Na

Subject 1 Explanation to Exchange Inguiry

To.

Director of Company Assessment
Indonesia Stock Exchange

Indonesia Stock Exchange Building, Tower |
Jalan Jend. Sudirman Kav 52-53

Jakarta 12190

Regarding the letter from PT Indonesia Stock Exchange (BEI) No: S-07135/BEI.PP2/07-2024
dated July 11, 2024, regarding the Reguest for Explanation, we hereby provide the following
explanations to the guestions raised:

4. Please explain the source of funding for the shareholder loan of IDR 345 billion to JMB
and the loan term.

The shareholder loan provided to PT Jasamarga Manado Bitung (JMB) is sourced from
the loan facility limit held by PT Jasa Marga (Persero) Tbk.

2. In the disclosure, it was mentioned that the shareholder loan amount is IDR 315 billion.
Please clarify whether this loan was still in the form of a facility limit or if it had been fully
utilized as of ihe transaction date on June 28, 2024.

The amount of IDR 315 billion represents the facility limit granted at the time of the
shareholders' agreement signing.

3. Please clarify whether JMB also received shareholder loans from other shareholders
besides the Company. If not, what considerations led the Company to not share the
funding for this shareholder loan.

No, other shareholders were unable to provide shareholder loans to JMB, hence only the
Company was abie to extend such a shareholder loan.

4. Please explain the reasons why JMB chose shareholder loan funding from the Company
compared to other funding options. Also, describe any challenges involved in this decision,
if applicable.

JMB faced restrictions in obtaining senior loan funding, which necessitated the need for
junior loan funding from shareholders like the Company.

5. Based on the Appraisal Report from KJPP Budi, Edy, Saptono, and Partners, please
explain the details of the utilization of the shareholder loan funds for other operational

needs.
The other operational needs are related to fulfilling the financial obligations of JMB.

6. Please explain the current progress of the construction of the Manado-Bitung Toll Road
that is currently underway.

The Manado-Bitung Toll Road is currently fully operational, spanning a length of 39
kilometers.

PT JASA MARGA (PERSERO) Tbk.

Plaza Tol Taman Mini Indonesia Indah
550- Indonesia

21) 841 3526, 8413630

— 401533,84135
AKNLAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif ae

7. The operational contribution directly obtained from providing a shareholder loan to JMB.

The expected contributions and pro forma financials of the company can be accessed in
the Fairness Opinion Report document signed by the Appraiser (Pages 7-9, Shortform).

8. Facts/material information/significant events that could significantly impact the Company
and are considered to potentially affect the Company's stock trading fluctuations, which
have not been disclosed to the public and must be disclosed promptly to the public.

There are no other significant facts/information/material events.

In this regard, we would like to convey our thanks for your attention and cooperation.

Nixon Sitorus
Corporate Secretary &
Chief Administration Officer

Attention To:

1. Director of Securities Transaction Supervision, Financial Services Authority.

2. Director of Financial Assessment for Service Sector Companies, Financial Services
Authority.

3. Board of Directors of PT Jasa Marga (Persero) Tbk.

HNG/MKA

3

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