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Asset transaction Needs review MAPI

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                       DISCLOSURE OF INFORMATION TO SHAREHOLDERS
                                  PT MITRA ADIPERKASA TBK
                              (“DISCLOSURE OF INFORMATION”)
 For the purpose of complying the Financial Services Authority Regulation No. 42/POJK.04/2020
   concerning Affiliated Transactions and Conflicts of Interest Transactions ("POJK 42/2020").


   INFORMATION AS STATED IN THIS DISCLOSURE IS IMPORTANT TO BE READ AND NOTED BY
              SHAREHOLDERS OF PT MITRA ADIPERKASA TBK ("Company")




                                   Main Business Activities:
  Engaged in the business of general trade including wholesale trade, retail trade and acting as
                                 distributor for other parties.

                             Domiciled in Central Jakarta, Indonesia

                                            Head Office:
                                Sahid Sudirman Center, 29th Fl.
                                    Jl. Jend. Sudirman Kav. 86
                                     Jakarta 10220, Indonesia
                                 Telephone: +62 21 574-5808
                                    Website: www.map.co.id
                             Email: corporate.secretary@map.co.id



THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS OF THE COMPANY, BOTH
INDIVIDUALLY AND COLLECTIVELY, HEREBY DECLARE FULL RESPONSIBILITY FOR THE ACCURACY
AND COMPLETENESS OF THE INFORMATION DISCLOSED IN THIS DISCLOSURE AND UPON CAREFUL
EXAMINATION, AFFIRM THAT THE INFORMATION DISCLOSED IN THIS DISCLOSURE IS ACCURATE
AND THERE ARE NO MATERIAL AND RELEVANT FACTS THAT HAVE NOT BEEN DISCLOSED OR
OMITTED, THEREBY RENDERING THE INFORMATION IN THIS DISCLOSURE INACCURATE OR
MISLEADING.


                              This Disclosure is published in Jakarta
                                         on 2nd July 2024




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                                         I. INTRODUCTION
The information stipulated in this Information Disclosure is made to fulfil the Company's obligation to
announce information disclosure pertaining to the Affiliate Transactions that the Company has carried
out with detail as detailed hereunder.

On August 11, 2023, the Company and PT Kanmo Retailindo (hereinafter referred to as "Kanmo")
jointly established PT Fashindo Selaras Indonesia Ritel (hereinafter referred to as "FSIR") as stipulated
in the Notarial Deed No. 75 dated August 9 2023, made by Hannywati Gunawan, S.H., Notary in
Jakarta. The deed of establishment has been approved by the Minister of Law and Human Rights of
the Republic of Indonesia ("MOLHR") through his Decree No. AHU-0059105.AH.01.01.TAHUN 2023
dated August 11, 2023.

At the end of the Company's financial year on December 31, 2023, the Company and Kanmo were
recorded as having equity participation in FSIR, 50.00% (fifty per cent) each.
Furthermore, on June 28 2024, the Company, Kanmo, and FSIR have signed 3 (three) agreements with
details of each agreement as follows:

1.    The Company and FSIR have signed a Loan Agreement that stipulates the Company's consent to
      provide a loan facility in the amount of Rp 100.000.000.000 (one hundred million Rupiah) to
      FSIR for a period of 5 (five) years commencing from June 28 2024 with an interest rate of 8.00%
      per annum (hereinafter referred to as the "Loan Agreement").

2.    The Company and Kanmo have signed a Circular Resolutions of Shareholders of PT Fashindo
      Selaras Indonesia Ritel (hereinafter referred to as "Circular"), under which FSIR will increase its
      capitalization by way of issuing a new 30,000 (thirty thousand) new shares, with a nominal value
      of IDR 1,000,000 per share, with a value of IDR 30.00 billion, which will be subscribed entirely
      by Company and Kanmo with the following details:

      a.    The Company will be subscribed in the amount of 15,000 (fifteen thousand) shares with a
            nominal value of IDR 1,000,000 per share, with a transaction value of IDR 15.000.000.000
            (fifteen billion Rupiah). This transaction is referred to as the "Company's Capital
            Increment".

      b.    Kanmo will be subscribed in the amount of 15,000 (fifteen thousand) shares with a
            nominal value of IDR 1,000,000 per share, with a transaction value of IDR 15.000.000.000
            (fifteen billion Rupiah). This transaction is referred to as the "Kanmo's Capital Increment".

      The Company’s Capital Increment and Kanmo’s Capital Increment shall be considered as an
      inseparable and integral transaction and hereinafter shall refer to as the “Capital Increment
      Transaction.”

3.    The Company and FSIR have signed an agreement to provide management services to the
      Company where, in essence, the Company has agreed to provide services in the field of
      management as follows:

      a.    Management services:
            •   Finance and accounting;
            •   Inventory control;
            •   Orderly taxation;
            •   Human resources;
            •   Information Technology;

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                  •       business development;
                  •       Legal administration;
                  •       Design projects;
                  •       Procurement of goods and general affairs;
                  •       Supply chain;
                  •       Other business support.

        b.        Support system:
                  •    SAP User Maintenance;
                  •    Security Operation Center;
                  •    Fortigate Manager and Analyzer;
                  •    Darwinbox (per headcount);
                  •    Depreciation on IT Capex.

                  (hereinafter referred to as the "Management Services Agreement").

Loan Agreements, Capital Increase Transactions, and Management Services Provision Agreements are
hereinafter collectively referred to as "Transactions".

In accordance with the provisions of applicable laws and regulations, especially the provisions of POJK
42/2020, the Company's Board of Directors hereby announces the Company's Information Disclosure
with the aim of providing an explanation regarding the considerations and reasons for carrying out
the Transaction to the Company's shareholders as part of fulfilling the provisions of POJK 42/2020.

                                II. INFORMATION REGARDING THE TRANSACTION

A. Transaction, Object, and Transaction Value

   1.    Loan Agreement
         a.   The object of the Loan Agreement is a loan facility from the Company to FSIR in the
              amount of IDR 100,000,000,000.00 (one hundred billion Rupiah) for a period of 5 (five)
              years as of 28 June 2024 and will be matured on 27 June 2029 with an interest rate of
              8% per annum.

             b.       The loan transaction value is 100,000,000,000.00 (one hundred billion Rupiah)

   2.    Capital Increment Transaction

             a.       The object of the Capital Increment Transaction is the issuance of 30,000 (thirty
                      thousand) new shares with a nominal value of IDR 1,000,000 (one million Rupiah) per
                      share, with a total value of IDR 30,000,000,000 (thirty billion Rupiah) which will be
                      subscribed by the Company and Kanmo proportionally.

             b.       The Capital Increment Transaction Value is IDR 30,000,000,000 (thirty billion Rupiah)




                                                         3
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    3. Management Services Agreement

       a.    The object of the Management Services Agreement is the provision of services by the
             Company to FSIR in FSIR's daily administrative and operational activities, namely in the
             fields of finance and accounting, inventory control, orderly taxation, human resources,
             information technology, business development, legal administration, design projects,
             procurement of goods and general affairs, supply chain, other business support and
             provision of supporting systems.

       b.    The transaction value of the Management Service Agreement is in the amount of IDR
             4,800,000,000 (four billion eight hundred million Rupiah)

B. Information Regarding the Parties Involved in the Transaction

   1. The Company

       a. Brief History

            The Company was established based on Notarial Deed No. 105 dated January 23 rd, 1995,
            executed before Julia Mensana, SH, a Notary in Jakarta. The Company's Deed of
            Establishment was approved by the Minister of Justice of the Republic of Indonesia under
            Decree No. C2-9243.HT.01.01.TH.95 dated July 31st, 1995.

            The Articles of Association of the Company lastly amended by the Statement of Decision
            Meeting Act No. 114 dated August 19th, 2021, executed before Hannywati Gunawan, SH,
            a Notary in Jakarta. Notification of the amendment to its Articles of Association was
            received and recorded in the Administration System of the Ministry of Law and Human
            Rights of the Republic of Indonesia under No. AHU-AH.01.03-0456432 dated October 4th,
            2021, and was announced in the State Gazette of the Republic of Indonesia dated
            November 19th, 2021, No. 93, Supplement No. 36228.

       b. Purpose and Business Activities
          Based on Article 3 The Company’s Articles of Association, the Company’s objective and
          purpose is to conduct business in the field of:
          a. Wholesale and retail trade;
          b. Repair and maintenance of automobiles and motorcycles;
          c. Transport and warehousing;
          d. Professional, scientific, and technical activities; and
          e. Education.

            To achieve the above purposes, the Company may undertake the following business
            activities:

            Main Business Activities

            a. engaging in wholesale trade, excluding automobiles and motorcycles, as well as retail
               trade, excluding automobiles and motorcycles;
            b. acting as agent, supplier, franchisee, and/or distributor for other entities and
               companies, both domestic and international.




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     Supporting Business Activities

     a. Engaging in import and export activities, of all kinds of tradeable goods across the
         island/region as well as local trade, both for one’s calculation and for the calculation
         of other individuals or legal entities on a commission basis.
        b. Engaging in industrial (manufacturing) activities of all materials producible
             domestically, including ready-made garments, footwear, and handicrafts;
        c. Engaging in transportation services using motor vehicles, both for passenger and
             freight transport;
        d. Engaging in business providing general services and consultations, including
             management consulting, production methods, accounting procedures, human
             resources development, as well as educational tutoring and counselling services
             (excluding travel services and consulting in legal and taxation fields);
        e. Engaging in the field of education.

 c. Capital Structure and Share Ownership

    On the date of this Disclosure of Information, the capital structure, shareholder
    composition, and share ownership of the Company based on the Shareholder List of the
    Company as of March 31st, 2024, issued by PT Datindo Entrycom, as the Company's
    Securities Administration Bureau, are as follows:


                                             Number of            Nominal Value
              Description                                                                   (%)
                                              Shares               @Rp50 (Rp)

     Authorized Capital                    40,000,000,000           2,000,000,000,000

     Issued and Paid-up Capital:

     PT Satya Mulia Gema Gemilang           8,466,000,000             423,300,000,000             51

     Public                                 8,073,613,400             403,681,000,000             49

     Total                                 16,539,613,400             826,981,000,000       100.00

     Treasury Shares                            60,386,600              3,019,000,000

     Total Full Paid-up and Issued         16,600,000,000             830,000,000,000
     Capital

     Shares in Portfolio                   23,400,000,000           1,170,000,000,000


d. Management and Supervision

   As of the date of this Information Disclosure, the composition of the members of the Board
   of Commissioners and Board of Directors of the Company are as stipulated in the Deed of
   Shareholders Resolutions No 225 dated 27 June 2024 made before Hannywati Gunawan,
   S.H., Notary in Jakarta:




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   Board of Directors

   President Director                                : Herman Bernhard Leopold Mantiri
   Vice President Director                           : Virendra Prakash Sharma
   Director                                          : Susiana Latif
   Director                                          : Sean Gustav Standish Hughes
   Director                                          : Handaka Santosa
   Director                                          : Sjeniwati Gusman

   Board of Commissioners

   Independent President Commissioner                : Sri Indrastuti Hadiputranto
   Independent Vice President Commissioner           : G.B.P.H.H. Prabukusumo, S.Psi
   Commissioner                                      : Sintia Kolonas
   Commissioner                                      : Zoee Ho Ziwei
   Commissioner                                      : Johanes Ridwan

   e.   Address

   The Company is domiciled at Sahid Sudirman Center, 29th Fl., Jl. Jenderal Sudirman Kav. 86,
   Central Jakarta, Jakarta 10220.

2. FSIR
   a. Compay Overview

        FSIR was established based on Notarial Deed no. 75 dated August 9th, 2023, by Hannywati
        Gunawan, S.H., a Notary in Jakarta. This deed of establishment was authorized by the
        Minister of Law and Human Rights of the Republic of Indonesia under Decision Letter No.
        AHU-0059105.AH.01.01.YEAR 2023 dated August 11th, 2023.

   b. Purpose and Objectives

        According to Article 3 of FSIR's Articles of Association, the purpose and objectives of FSIR
        are to engage in retail trade.

   c. Capital Structure and Share Ownership

        As of the date of this Information Disclosure, the capital structure, shareholder
        composition, and share ownership in FSIR are as follows:

                                                                             Nominal Value
                        Description                      Total Share                             (%)
                                                                            @Rp1,000,000 (Rp)

           Authorized Capital                                     50,000      50,000,000,000

           Issued and Paid-up Capital:

           PT Mitra Adiperkasa Tbk                                10,000      10,000,000,000      50

           PT Kanmo Retailindo                                    10,000      10,000,000,000      50



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          Total Issued and Paid-up Capital                       20,000      20,000,000,000     100

          Shares in Portfolio                                    30,000      30,000,000,000



  d. Management

       As of the date of this Information Disclosure, the composition of the Board of Directors
       and Board of Commissioners of FSIR is as follows:

  e. Board of Directors

       President Director   : Sjeniwati Gusman
       Director             : Michele Wibisono
       Director             : Anuj Kumar Maheshwari
       Director             : Maya Anggraini

  f.   Board of Commissioners

       President Commissioner       : Manoj Bharwani
       Commissioner                 : Hitesh Bharwani
       Commissioner                 : Virendra Prakash Sharma
       Commissioner                 : Susiana Latif

  g. Address

       FSIR is domiciled at Sahid Sudirman Center, 28th Fl., Jl. Jenderal Sudirman Kav. 86, Central
       Jakarta, Jakarta 10220.

3. Kanmo

  a. Brief History

       Kanmo was established based on Deed of Establishment No. 28 dated July 15th, 2010, by
       Doktorandus Wijanto Suwongso S. H., Notary in Jakarta. This deed of establishment was
       approved by the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-
       38892.AH.01.01.Year 2010 dated August 6th, 2010.

       Kanmo's articles of association have undergone several amendments. The latest
       amendment, based on Deed No. 10 dated February 13th, 2024, was made before Notary
       Herlina, S.H., M.Kn., Master of Laws, Notary in North Jakarta. This amendment to the
       articles of association was approved by the Minister of Law and Human Rights of the
       Republic of Indonesia based on Decree No. AHU-0010146.AH.01.02.YEAR 2024 dated
       February 15th, 2024.

  b. Objectives and Purposes
     Based on Article 3 of Kanmo's Articles of Association, the purpose and objectives of Kanmo
     are to engage in the fields of wholesale trade, transportation and warehousing,
     accommodation and food and beverage provision, and information and communication
     services.


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       c. Capital Structure and Share Ownership

           As of the date of this Information Disclosure, the capital structure, composition of
           shareholders, and share ownership in Kanmo are as follows:

                                                                             Nominal Value
                           Description                     Total Share                          (%)
                                                                            @Rp1,000,000 (Rp)

              Authorized Capital                                   30,000     30,000,000,000

              Issued and Paid-Up Capital:

              Nadine Hitesh Bharwani                               10,500     10,500,000,000    50

              Manjo Bharwani                                        3,150      3,150,000,000    15

              Ramesh Ramchan Bharwani                               1,575      1,575,000,000    7.5

              Bhagwan Ramchand Bharwani                             1,575      1,575,000,000    7.5

              Ramchand Alimchand Bharwani                           4,200      4,200,000,000    20

              Total Issued and Paid-Up Capital                     21,000     21,000,000,000    100

              Shares in Portfolio                                   9,000      9,000,000,000


       d. Management
          As of the date of this Information Disclosure, the composition of the Board of Directors
          and the Board of Commissioners of Kanmo is as follows:

           Board of Directors

           President Director : Manoj Bharwani
           Director           : Ramesh Ramchand Bharwani

           Board of Commissioners

           Commissioner         : Nadine Hitesh Bharwani

       e. Address
          Kanmo is domiciled at Menara Eka, 14th Fl. Unit 02, Jl. Senen Raya No. 135-137, Central
          Jakarta.

C. Nature of Affiliation

   a. FSIR is a subsidiary of the Company.

   b. Shared management personnel between the Company and FSIR.




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                            III. SUMMARY OF THE APPRAISER’S REPORT

A.   Independent Party Appointed in the Transaction

     The Company appointed KJPP Kusnanto & colleagues ("KR") as the official Public Appraisal
     Services Office based on Minister of Finance Decree No. 2.19.0162 dated 15 July 2019 and
     registered as a capital market supporting professional services office at the OJK with Capital
     Market Supporting Professional Registration Certificate from the OJK No. STTD.PB-02/PJ-
     1/PM.223/2023 (business appraiser), to submit a fairness opinion on the Transaction Plan in
     accordance with assignment letter No. KR/240403-001 dated 3 April 2024, which the
     Company's management has approved.

B.   Independent Appraiser's Opinion

     1.    Summary of the Fairness Opinion Report

           The following is a summary of the fairness opinion report No. 00100/2.0162-
           00/BS/05/0382/1/VI/2024 dated 28th June 2024 as composed by KR as follows:

           a.    Related Parties in the Transaction

                 The parties involved in the Transaction are the Company and FSIR.

           b.    Object of Fairness Opinion

                 The objects in the Fairness Opinion issued by KR in connection with the Transaction
                 are as follows:

                 (i)     Loan Agreement

                         A Transaction of which the Company is agree to provide a loan facility to FSIR
                         in the amount of IDR 100,000,000,000.00 (one hundred billion Rupiah) for a
                         period of 5 (five) years as of 28 June 2024 and will be matured on 27 June
                         2029 with an interest rate of 8% per annum.

                 (ii)    Capital Increment Transaction

                         A transaction pursuant to which the Company will be subscribed in the
                         amount of 15,000 (fifteen thousand) new shares issued by FSIR with a
                         nominal value of IDR 1,000,000 (one million Rupiah) per share, with a total
                         value of IDR 15,000,000,000 (fifteen billion Rupiah) in relation to the Capital
                         Increment Transaction

                 (iii)   Management Services Agreement

                         Transactions where the Company provides Management Services to FSIR
                         based on an Agreement for the Provision of Management Services, which is
                         valid from 1 January 2024 to 31 December 2024, which will automatically be
                         extended continuously for the next period of one year, unless terminated
                         first by one of the parties, with a transaction value of IDR 4,800,000,000 (four
                         billion eight hundred million Rupiah), which is calculated based on the total


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                 costs that the Company will incur for Management Services in the relevant
                 year in connection with the Management Services Provision Agreement.

2.   Purpose and Objectives of the Fairness Opinion

     The purpose and objective of preparing a fairness opinion report on the Transaction Plan
     is to provide an overview to the Company's Directors regarding the fairness of the
     Transaction from a financial aspect and to comply with applicable regulations, namely
     POJK 42/2020.

3.   Key Assumptions and Limiting Conditions

     Analysis of the Fairness Opinion on the Transaction Plan is prepared using the data and
     information as disclosed above, which have been provided by KR. In conducting the
     analysis, KR relies on the accuracy, reliability, and completeness of all financial
     information, information regarding the legal status of the Company, and other
     information provided to KR by the Company or available publicly, and KR is not
     responsible for the accuracy of such information. Any changes to this data and
     information may materially affect KR's final opinion. KR also relies on assurances from
     the Company's management that they are not aware of facts that would cause the
     information provided to KR to be incomplete or misleading. Therefore, KR is not
     responsible for changes in conclusions regarding KR's Fairness Opinion due to changes in
     such data and information.

     The consolidated financial statements projections of the Company before and after the
     Transaction Plan are prepared by the Company's management. KR has reviewed these
     financial statement projections, and they broadly depict the operational and
     performance conditions of the Company. In general, there are no significant adjustments
     that KR needs to make to the Company's performance targets.

     KR did not inspect the fixed assets or facilities of the Company. Additionally, KR did not
     provide an opinion on the tax implications of the Transaction Plan. The services provided
     by KR to the Company in connection with the Transaction Plan only constitute the
     provision of a Fairness Opinion on the Transaction Plan and not accounting, auditing, or
     tax services. KR did not conduct research on the legality or tax implications of the
     Transaction Plan. The Fairness Opinion on the Transaction Plan is reviewed solely from
     economic and financial perspectives. The Fairness Opinion Report on the Transaction
     Plan is a non-disclaimer opinion and is a report open to the public unless there is
     confidential information that could affect the Company's operations. Furthermore, KR
     has also obtained information on the legal status of the Company and FSIR based on the
     Articles of Association of the Company and FSIR.

     KR's work related to the Transaction Plan is not and cannot be interpreted in any form as
     an examination or audit, or the execution of specific procedures on financial information.
     Such work is also not intended to disclose weaknesses in internal controls, errors or
     discrepancies in financial statements, or legal violations. Moreover, KR does not have the
     authority and is not in a position to obtain and analyse any other transactions outside
     the existing Transaction Plan that may be available to the Company and the impact of
     such transactions on the Transaction Plan.




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     This Fairness Opinion is prepared based on market and economic conditions, general
     business and financial conditions, as well as Government regulations related to the
     Transaction Plan as of the date this Fairness Opinion is issued.

     In preparing this Fairness Opinion, KR has relied on several assumptions, such as the
     fulfillment of all conditions and obligations of the Company and all parties involved in the
     Transaction Plan. The Transaction Plan will be executed as described within the
     designated timeframe, and the accuracy of information regarding the Transaction Plan
     disclosed by the Company's management.

     This Fairness Opinion should be viewed as a whole, and using part of the analysis and
     information without considering other information and analyses as a whole may lead to
     misleading views and conclusions regarding the underlying process of the Fairness
     Opinion. The preparation of this Fairness Opinion is a complex process and may not be
     achievable through incomplete analysis.

     KR also assumes that from the issuance date of this Fairness Opinion until the occurrence
     date of this Transaction Plan, there will be no material changes affecting the assumptions
     used in preparing this Fairness Opinion. KR is not responsible for reconfirming or
     updating KR's opinion due to changes in assumptions and conditions, as well as events
     occurring after the date of this report. The calculations and analyses for providing the
     Fairness Opinion have been conducted properly, and KR takes responsibility for the
     Fairness Opinion Report.

     The conclusion of this Fairness Opinion is valid provided there are no changes that have
     a material impact on the Transaction Plan. Such changes include, but are not limited to,
     changes in internal conditions of the Company, external conditions such as market and
     economic conditions, general business, trade and financial conditions, as well as
     Indonesian government regulations and other related regulations after the date this
     Fairness Opinion Report is issued. If such changes occur after the date of this Fairness
     Opinion Report, the Fairness Opinion on the Transaction Plan may differ.

4.   Approach and Procedures of the Fairness Opinion

     In evaluating the Fairness Opinion on the Transaction Plan, KR has conducted analyses
     through the following approaches and procedures:

     I.         Analysis of the Transaction Plan;
     II.        Qualitative and Quantitative Analysis of the Transaction Plan; and
     III.       Analysis of the Fairness of the Transaction Plan.

5.   Conclusion of the Fairness Opinion

     Based on the scope of work, assumptions, data, and information obtained from the
     Company's management used in preparing this report, the review of the financial impact
     of the Transaction Plan as disclosed in this Fairness Opinion Report, KR is of the opinion
     that the Transaction is fair.




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IV.   EXPLANATION, CONSIDERATION, AND REASON FOR UNDERTAKING THE TRANSACTION
      PLANS COMPARED TO SIMILAR TRANSACTIONS CONDUCTED WITH NON-AFFILIATED
      PARTIES

A.    Objectives of Transaction Implementation

      The expected goals and benefits from the implementation of the Loan Plan, Capital Increase
      Plan, and Management Services Plan between the Company and Kanmo for FSIR are as
      follows:

      1.     Loan Agreement: The provision of a loan facility in the amount of Rp 100,000,000,000
             each from the Company and Kanmo to FSIR aims to support FSIR's operations and
             expansion. With this loan, FSIR will have sufficient funds to expand its business reach,
             enhance inventory, and develop better infrastructure and services. It also ensures FSIR
             maintains adequate liquidity to sustain its operations without relying on external loans
             that may carry higher terms and costs.

      2.     Capital Increment Transaction: The issuance of new shares by FSIR, to be
             proportionally subscribed by the Company and Kanmo, aims to strengthen FSIR's
             capital structure. This capital increase allows FSIR to reduce dependency on external
             financing and enhance its financial leverage. It also enables FSIR to seize new business
             opportunities that require significant initial investment and improve its production
             and operational capacity.

      3.     Management Services Agreement: The agreement for the Company to provide
             management services to FSIR aims to enhance operational efficiency and
             effectiveness. With management support from an experienced Company, FSIR can
             implement best practices in business management, elevate operational standards,
             and ensure optimal execution of business strategies. This will create a strong synergy
             between FSIR and the Company, ultimately enhancing FSIR's performance and
             competitiveness in the market.

B.    Considerations for Transactions with Affiliated Parties

      The Company and Kanmo have decided to conduct this Transaction with FSIR instead of a
      similar transaction with non-affiliated parties due to several reasons:

      1.      Efficiency and Trust: Engaging in transactions with an affiliate like FSIR allows for a
              more efficient and expedited process due to existing business relationships and strong
              trust. Both parties deeply understand each other's operations and strategies, thereby
              minimizing risks of uncertainty and misunderstandings.

      2.      Synergy and Control: With an equal ownership stake (50%) in FSIR, the Company and
              Kanmo can ensure that business decisions align with mutual interests. This enables
              better control over strategy implementation and fund utilization, ensuring that
              decisions benefit both shareholders optimally.

      3.      Risk Management: Transactions with affiliated parties such as FSIR facilitate better
              risk management. The Company and Kanmo have greater oversight and control over
              FSIR compared to transactions with external parties, which may have different
              policies and interests.


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       Therefore, implementing this Transaction is expected to provide optimal benefits to all parties
       involved, enhance operational efficiency, strengthen capital structure, and create positive
       long-term synergies.


                                C. ADDITIONAL INFORMATION
For shareholders of the Company who require further information regarding the transactions in this
Disclosure, please contact:

                                    PT Mitra Adiperkasa Tbk.
                                         Corporate Secretary
                                 Sahid Sudirman Center, 29th Fl.
                                     Jl. Jend. Sudirman Kav. 86
                                      Jakarta 10220, Indonesia
                                  Telephone: +62 21 574-5808
                                        Fax: +62 21 574-6786
                                     Website: www.map.co.id
                              Email: corporate.secretary@map.co.id




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Names mentioned 27 people and organisations named in the text · linked when the evidence is strong

linked org MITRA ADIPERKASA TBK p.1 ×11
linked org PT Kanmo Retailindo p.2 ×3
linked person Virendra Prakash Sharma p.6 ×2
linked person Susiana Latif p.6 ×2
linked person Sean Gustav Standish Hughes p.6
linked person Sjeniwati Gusman p.6 ×2
linked person Sri Indrastuti Hadiputranto p.6
linked person Zoee Ho Ziwei p.6
linked person Johanes Ridwan p.6
possible org PT Satya Mulia Gema Gemilang p.5
possible person Handaka Santosa p.6
possible person Manoj Bharwani · President Director p.7 ×3
unresolved org Financial Services Authority p.1
unresolved person Hannywati Gunawan · Notaris p.2 ×7
unresolved org Minister of Law and Human Rights p.2 ×4
unresolved person Julia Mensana · Notaris p.4
unresolved org Minister of Justice p.4
unresolved org Ministry of Law and Human Rights p.4
unresolved org PT Datindo Entrycom p.5
unresolved person H.H. Prabukusumo p.6
unresolved person S.Psi p.6
unresolved — Sintia Kolon · Commissioner p.6
unresolved person Doktorandus Wijanto Suwongso S. H. · Notaris p.7
unresolved person Notary Herlina p.7
unresolved org KJPP Kusnanto p.9
unresolved org Minister of Finance Decree p.9

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

Rule parser Needs review confidence 0.091 2552 ms 12 Sep 2026 23:01
Raw output
{'appraiser_exempt': None,
 'appraiser_name': '',
 'assets': [],
 'currency': None,
 'fact_type': '',
 'issuer_name': '',
 'kind': 'MATERIAL_FACT',
 'kjpp_name': '',
 'letter_number': '',
 'object_text': '',
 'object_truncated': False,
 'parties': [],
 'pct_of_equity': None,
 'reference_period': '',
 'requires_rups': None,
 'rups_date': None,
 'ticker': '',
 'transaction_date': None,
 'valuation_date': None,
 'value': None}
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