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Page 1
             A subsidiary of
                                                                    PT PP London Sumatra Indonesia Tbk
                                                                                                   Press Release/ Siaran Pers
                                                                                                               June 27, 2024


Jakarta, June 27, 2024

PT PP London Sumatra Indonesia Tbk (“Lonsum” or “the Company”) today conducted Annual General Meeting
of Shareholders (“AGM”) and Extraordinary General Meeting of Shareholders (“EGM”). The Company obtained
the approval for all the proposed resolutions.

At the AGM, the shareholders approved, among others:

•   The annual report of the Board of Directors on the activities and financial results of the Company for the
    year ended December 31, 2023;
•   Cash dividend distribution of Rp39.- per share to be paid on July 25, 2024;
•   The appointment of Mr. Harrijanto Kusumo and Ms. Herlina Sugiarto as Directors of the Company, replacing
    Mr. Johnny Ponto and Mr. Alamsyah from the date of the closing of this AGM for the remaining term of
    office of the member of the Board of Directors until the closing of AGM in 2025. Subsequent to the changes,
    the composition of the Board of Directors as follows:

    The Board of Directors
    President Director                   : Benny (Benny Tjoeng)
    Vice President Director I            : Tan Agustinus Dermawan
    Vice President Director II           : Tio Eddy Hariyanto
    Director                             : Joefly Joesoef Bahroeny
    Director                             : In She
    Director                             : Peter Kradolfer
    Director                             : Ferdi Gunawan
    Director                             : Harrijanto Kusumo
    Director                             : Herlina Sugiarto

At the EGM, the shareholders approved the reduction of the Company’s issued capital and paid-up capital in
connection with the withdrawal of treasury stock.

Mr. Benny Tjoeng, Lonsum’s President Director said: “We would like to extend our appreciation and thank you
to all of our shareholders for continued support and trust. Lonsum remains focused on controlling costs and
efficiency, improving productivity and prioritizing capital expenditure. We also continue to implement good
agricultural practices in a sustainable manner as part of our sustainability approach.”

                                                                  ###




About PT PP London Sumatra Indonesia Tbk
PT PP London Sumatra Indonesia Tbk (Lonsum) is an agribusiness company that has diversified crops such as oil palm, rubber, cocoa,
and tea. Lonsum is one of the leading producers of oil palm seeds in Indonesia. Lonsum produces CPO from palm oil mills in Sumatra and
Kalimantan. Lonsum also operates rubber processing facilities, cocoa and tea factories.

                               For more information, please contact: investor.relations@londonsumatra.com
                                 Ariobimo Sentral 12th Floor Jl. HR Rasuna Said Blok X-2 Kav.5 Jakarta 12950
                                                T : +62 21 5795 8822 F: +62 21 5793 7373
Page 2
            A subsidiary of
                                                                   PT PP London Sumatra Indonesia Tbk
                                                                                                  Press Release/ Siaran Pers
                                                                                                              June 27, 2024


Jakarta, 27 Juni 2024

PT PP London Sumatra Indonesia Tbk (“Lonsum” atau “Perseroan”) pada hari ini mengadakan Rapat Umum
Pemegang Saham Tahunan (”RUPST”) dan Rapat Umum Pemegang Saham Luar Biasa (“RUPSLB”). Perseroan
memperoleh persetujuan atas seluruh agenda RUPST dan RUPSLB.

Pada RUPST, para pemegang saham menyetujui antara lain:

    Laporan tahunan Direksi mengenai kegiatan usaha dan kinerja keuangan Perseroan untuk tahun buku yang
     berakhir pada tanggal 31 Desember 2023;
    Pembagian dividen tunai sebesar Rp39,- per lembar saham yang akan dibayarkan pada tanggal 25 Juli 2024;
    Menyetujui pengangkatan Bapak Harrijanto Kusumo dan Ibu Herlina Sugiarto dalam jabatannya masing-
     masing selaku Direktur Perseroan menggantikan Bapak Johnny Ponto dan Bapak Alamsyah terhitung sejak
     ditutupnya RUPST hari ini untuk sisa masa jabatan Direksi sampai dengan penutupan RUPST pada tahun
     2025 sehingga susunan Direksi sebagai berikut:

     Direksi
     Presiden Direktur                  : Benny (Benny Tjoeng)
     Wakil Presiden Direktur I          : Tan Agustinus Dermawan
     Wakil Presiden Direktur II         : Tio Eddy Hariyanto
     Direktur                           : Joefly Joesoef Bahroeny
     Direktur                           : In She
     Direktur                           : Peter Kradolfer
     Direktur                           : Ferdi Gunawan
     Direktur                           : Harrijanto Kusumo
     Direktur                           : Herlina Sugiarto

Pada RUPSLB, para pemegang saham menyetujui pengurangan modal ditempatkan dan modal disetor Perseroan
sehubungan dengan penarikan kembali atas seluruh saham yang telah dibeli kembali oleh Perseroan (treasury stock).

Bapak Benny Tjoeng, Presiden Direktur Lonsum mengatakan: “Kami menyampaikan penghargaan dan terima kasih
atas dukungan dan kepercayaan yang terus menerus dari seluruh pemegang saham Lonsum. Lonsum tetap fokus
dalam pengendalian biaya dan efisiensi, meningkatkan produktivitas serta memprioritaskan belanja modal. Kami juga
terus menerapkan praktik-praktik agrikultur yang baik secara berkelanjutan sebagai bagian dari pendekatan
keberlanjutan kami.”


                                                                 ###




Tentang PT PP London Sumatra Indonesia Tbk
PT PP London Sumatra Indonesia Tbk (Lonsum) adalah perusahaan agribisnis yang terdiversifikasi dengan komoditas kelapa sawit,
karet, kakao, dan teh. Lonsum merupakan salah satu produsen benih bibit kelapa sawit terkemuka di Indonesia. Lonsum memproduksi
CPO dari pabrik kelapa sawit yang berada di Sumatera dan Kalimantan. Lonsum juga mengoperasikan fasilitas pengolahan karet,
pabrik kakao dan teh.


                              For more information, please contact: investor.relations@londonsumatra.com
                                Ariobimo Sentral 12th Floor Jl. HR Rasuna Said Blok X-2 Kav.5 Jakarta 12950
                                               T : +62 21 5795 8822 F: +62 21 5793 7373

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Names mentioned 13 people and organisations named in the text · linked when the evidence is strong

linked org PP London Sumatra Indonesia Tbk p.1 ×23
linked person Johnny Ponto p.1 ×3
linked person Tan Agustinus Dermawan p.1 ×2
linked person Tio Eddy Hariyanto p.1 ×2
linked person Joefly Joesoef Bahroeny p.1 ×2
linked person In She p.1 ×2
linked person Peter Kradolfer p.1 ×2
linked person Ferdi Gunawan p.1 ×2
possible person Alamsyah p.1 ×2
possible person Benny (Benny Tjoeng p.1 ×2
possible person Benny Tjoeng p.1 ×2
unresolved person Harrijanto Kusumo p.1 ×2
unresolved person Herlina Sugiarto · Director p.1 ×2

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