20240610_AMMN_Laporan Informasi dan Fakta Material_31659681_lamp3.pdf

INTRODUCTION

This information disclosure is conveyed to the Company's shareholders in connection with the
Company's plan to make changes to the provisions related to the Company's Management
Stock Option Plan ("MSOP Program").

The issuance of new shares in connection with the implementation of the Company's MSOP
Program has previously approved by the Company shareholders based on Deed of Company's
Shareholders Resolutions No. 129 dated 21 March 2023, made before Jose Dima Satria, S.H.,
M.Kn., Notary in Jakarta and has obtained Securities Listing Approval in the Framework of MSOP
Program from the Indonesia Stock Exchange as stipulated in Letter of the Indonesia Stock
Exchange No. S-06911/BEI.PP2/08-2023 dated 16 August 2023.

By way of information, all MSOP Program's participants have exercised their respective option
rights in connection with the MSOP Program in the period of 5 October 2023 to 15 November
2023 in accordance with the allocated number of shares stipulated under the Decree of the
Company's Board of Commissioners No. 028/COM-AP/AMI/II/2023 dated 21 March 2023 and
in accordance with exercise provisions stipulated under the Decree of the Company's Board of
Directors No. 027/DIR-AWS/AMI/III/2023 dated 21 March 2023 (“BOD Decree 027/2023”).

The issuance of new shares in connection with such exercise of option rights have been
reflected in the amendment of the Company' articles of association as stipulated in (i) Deed
of Shareholders Resolutions Amendment to the Articles of Association No. 104 dated 24
October 2023, made before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta, which has obtained
notification receipt of amendment to the articles of association from the Ministry of Law and
Human Rights of the Republic of Indonesia (“"MOLHR”) through letter No. AHU-AH.01.03-
0132845 dated 24 October 2023: and (ii) Deed of Shareholders Resolutions Amendment to the
Articles of Association No. 120 dated 22 November 2023, made before Jose Dima Satria, S.H.,
M.Kn., Notary in Jakarta, which has obtained notification receipt of amendment to the articles
of association from the MOLHR through letter No. AHU-AH.01.03-0147421 dated 27 November
2023.

PURPOSE AND BACKGI

OF THE AMENDMENT TO THE PROVISIONS RELATED TO THE
MSOP PROGRAM

The Company refers to the purpose of the MSOP Program, namely, to provide rewards and
incentives to the management of the Company and its subsidiaries for their performance and
contribution to the Company, as well as to increase the sense of ownership of the Company.

Based on further review of the MSOP Program and considering the performance of each of the
Company's Board of Directors who have been able to implement various strategies to ensure
the sustainability of the smelter project and ongoing expansion projects to remain in line with
the expected completion target, the Company intends to make changes to the provisions
related to the MSOP Program as previously stipulated in the BOD Decree 027/2023.

AMENDMENT TO THE PROVISIONS RELATED TO THE MSOP PROGRAM

In connection with the Company's plan to make changes to the provisions related to the MSOP
Program, the Company's Board of Directors has stipulated the Company's Board of Director's
Decree No. 032/AMI/VI/2024 dated 10 June 2024 (“BOD Decree 032/2024”). Based on the
BOD Decree 032/2024, the plan to make changes to the provisions related to the MSOP
Program that will be executed are as follows:

the following restrictions
on transfer or
encumbrance by of pledge
or another similar
encumbrance:

(i) Eirst Period: All MSOP
shares are subject to
the Transfer or
Encumbrance
Restriction — for a
period of 1 (one) year
from the listing date
of the MSOP
Program's shares.
Upon the expiration of
the First Period, 1/4

NO. MSOP PROGRAM BOD DECREE 027/2023 BOD DECREE 032/2024
PROVISIONS
1. | Lock Up Provisions MSOP Program's | Peserta Program  MSOP
participants are subjectto | tunduk pada larangan

untuk mengalihkan saham

Program
membebankan

MSOP — atau

saham

Program MSOP dengan hak
gadai atau jaminan serupa
lainnya sebagai berikut:

(1)

First Period: All MSOP
shares are subject to
the Transfer or
Encumbrance

Restriction up to June
2024. Upon the
expiration of the First
Period, 1/4 (one-
guarter) of the MSOP
Program's shares shall
be released from the

(one-guarter) of the Transfer or
MSOP Program's Encumbrance
shares shall be Restriction.
released ' from the
Transfer or
Encumbrance
Restriction.
(ii) Second Period: 3/4 |(ii) Second Period: 3/4

(three-guarters) of the

(three-guarters) of the

MSOP Program's MSOP Program's shares
shares shall be subject shall be subject to the
to the Transfer or Transfer or
Encumbrance Encumbrance

Restriction — for @ Restriction up to June
period of 2 (two) years 2025. Upon the

from the listing date of
the MSOP Program's
shares. Upon the
expiration — of the

expiration — of the
Second Period, 2/4
(two-guarters) of the
MSOP Program's shares

Second Period, 2/4
(two-guarters) of the

MSOP Program's
shares shall be
released ' from the
Transfer of
Encumbrance
Restriction.

(iii) Third Period: 2/4 (two-

(iv)

guarters) of the MSOP
Program's shares shall

be subject to the
Transfer or
Encumbrance

Restriction — for @
period of 3 (three)
years from the listing
date of the MSOP
Program's shares.

Upon the expiration of
the Third Period, 3/4
(three guarters) of the

MSOP Program's
shares shall be
released from the
Transfer or
Encumbrance
Restriction.

Fourth Period: Y4 (one-
guarter) of the MSOP
Program's shares shall

be subject to the
Transfer or
Encumbrance

Restriction — for a@

period of 4 (four) years
from the listing date of
the MSOP Program's

shares. Upon the
expiration of the
Fourth Period, all
MSOP Program's
shares shall be
released from the
Transfer or
Encumbrance

Restriction.

shall be released from
the Transfer of
Encumbrance
Restriction.

(iii) Third Period: 2/4 (two-

(iv)

guarters) of the MSOP
Program's shares shall
be subject to the
Transfer or
Encumbrance
Restriction up to June
2026. Upon the
expiration of the Third
Period, 3/4 (three
guarters) of the MSOP
Program's shares shall
be released from the
Transfer or
Encumbrance
Restriction.

Fourth Period: Y4 (one-
guarter) of the MSOP
Program's shares shall

be subject to the
Transfer or
Encumbrance
Restriction up to June
2027. Upon the
expiration — of the
Fourth Period, all
MSOP Program's shares
shall be released from
the Transfer or
Encumbrance
Restriction.

The Company's plan to make changes to the provisions related to the MSOP Program does not
cause changes to the allocation of the number of MSOP Program shares, which is a
maximum of 602,336,000 (six hundred two million three hundred thirty-six thousand)
shares, all of which are eguivalent to 0.83X (zero-point eight three percent) of the
Company's issued and paid-up capital after the Company's Initial Public Offering.

ADDITIONAL INFORMATION

If the Company shareholders reguire further information, please contact the Company on the
Company's working days and hours at the following address:

PT Amman Mineral Internasional Tbk
Menara Karya 6" Floor Unit A, B, C and H
Jl. H.R. Rasuna Said Blok X-5 Kav. 1-2 South Jakarta 12950
Phone: 0215799 4600: Facsimile: 021 576 1464
Email: corporate.secretary@amman.co.id
Website: www.amman.co.id