20240605_KRAS_Pemanggilan RUPS_31647101_lamp1.pdf

         Services Activities as well as the provisions of Article 32 paragraph (1) of Minister of State-Owned
         Enterprises Regulation Number PER-02/MBU/03/2023 concerning Guidelines for the Governance
         and Significant Corporate Activities of State-Owned Enterprises.

4.       Approval of the Extension of the Delegation of Authority to the Board of Commissioners to State
         the Certainty on the Amount of Capital and Number of New Shares Resulting from the Conversion
         of Mandatory Convertible Bonds ("MCB") and to Take All Necessary Actions Including Determining
         the Time, Method and Amount of Additional Capital of the MCB Issuer in the Context of Converting
         the MCB into Convertible Shares.

         Explanation:
         The basis for the Meeting agenda is the provisions of Article 41 of the Companies Law jo. Article
         11 letter m of Deed of MCB Issuance Agreement No. 173 dated December 28, 2020, drawn up
         before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta, as amended by Third Amendment to the
         Deed of Mandatory Convertible Bond Issuance Agreement dated December 28, 2020, Number
         PERJ-148A/SMI/1022 dated November 01, 2022 ("Deed of MCB Issuance"). The Company, as the
         MCB Issuer, is required to hold an annual general meeting of shareholders in which one of the
         agenda items is the extension of the delegation of authority to the Board of Commissioners to
         declare the fixed amount of capital and the number of new shares resulting from the conversion of
         MCB and to take all necessary actions including determining the time, method and amount of
         additional capital of the MCB Issuer as a result of the conversion of MCB into Converted Shares.

5.       Approval of the Company’s Restructuring Proposal.

         Explanation:
         The basis for the Meeting agenda is the provisions of Article 122 and Article 123 of the Regulation
         of the Minister of State-Owned Enterprises Number PER-2/MBU/03/2023 Concerning Guidelines for
         Governance and Activities of Significant Corporations of State-Owned Enterprises.

6.       Approval on the changes in the composition of the Board of Commissioners and the Board of
         Directors of the Company.

         Explanation:
         The basis for the Meeting agenda is the provisions of Article 11 paragraph (23) letter c of the
         Company’s Articles of Association, and Article 3 paragraph (3) POJK Number 33/POJK.04/2014
         concerning Board of Directors and Board of Commissioner of Issuer or Public Company.

Notes:

1.       This Invitation constitutes an official invitation for the Shareholders. Therefore, the Company will
         not send separate letters to the Shareholders.

2.       Shareholders who are entitled to attend or be represented at the Meeting are Shareholders whose
         names are recorded in the Company's Shareholders Register or according to the securities account
         balance at KSEI on June 4, 2024, at the close of share trading on the Indonesia Stock Exchange
         (IDX).

3.       Shareholders who wish to attend the Meeting can attend the Meeting electronically using the KSEI
         system using the eASY.KSEI application. To use the eASY.KSEI application, Shareholders can access
         the    eASY.KSEI     menu,   eASY.KSEI      Login    submenu     located    in   AKSes     facility
         (https://akses.ksei.co.id/).

4.       Shareholders who can attend in person electronically as mentioned in point 3 are local individual
         shareholders whose shares are kept in the KSEI collective custody.

5.       Prior to determining participation in the Meeting, Shareholders are required to read the provisions

     conveyed through this Invitation as well as other provisions related to the implementation of the
     Meeting based on the authority determined by the Company. Other provisions can be seen through
     the attachment on the 'Meeting Info' feature on the eASY.KSEI application.

6.   Shareholders who will physically attend the Meeting or Shareholders who will exercise their voting
     rights through the eASY.KSEI application, may inform their attendance or appoint their proxies,
     and/or submit their vote in the eASY.KSEI application.

7.   The deadline for submitting a declaration of attendance or power of attorney and vote in the
     eASY.KSEI application is by 12.00 Western Indonesian Time 1 (one) business day prior to the date
     of the Meeting.

8.   Shareholders who will attend or provide power of attorney electronically to the Meeting through
     the eASY.KSEI application must pay attention to the following matters:

     a.    Mechanism of Shareholders Attendance via e-GMS:

           i.       Shareholders who will attend the Meeting using the e-GMS and e-Voting modules in
                    the eASY.KSEI application, must register at the latest one day prior to the Meeting
                    through www.akses.ksei.co.id.
           ii.      Shareholders and Proxy receive e-mail notification 1 (one) day prior to the Meeting
                    via webinar.
           iii.     Shareholders and Proxy are required to have an account in AKSes to be able to
                    access the Meeting link.
           iv.      The webinar link can be reached through AKSes Web and AKSes Mobile.
           v.       On the date of the Meeting, Shareholders who will participate in the Meeting using
                    the e-GMS and e-Voting modules must conduct self-registration electronically at
                    eASY.KSEI via www. akses.ksei.co.id.

     b.    Registration Process:

           i.       Local individual shareholders who have not provided a declaration of attendance or
                    power of attorney in the eASY.KSEI application by the time limit in point 7 and wish
                    to attend the Meeting electronically are required to register attendance in the
                    eASY.KSEI application on the date of the Meeting until the electronic registration
                    period for the Meeting is closed by the Company.
           ii.      Local individual shareholders who have provided a declaration of attendance but
                    have not cast a minimum vote for 1 (one) Meeting agenda in the eASY.KSEI
                    application until the time limit in point 7 and wish to attend the Meeting electronically
                    are required to register attendance in the eASY application. KSEI on the date of the
                    Meeting until the electronic registration period of the Meeting is closed by the
                    Company.
           iii.     Shareholders who have given power of attorney to the proxies provided by the
                    Company (Independent Representative) or Individual Representative but the
                    shareholders have not cast a minimum vote for 1 (one) Meeting agenda in the
                    eASY.KSEI application until the time limit in point 7, then, proxies representing the
                    shareholders is required to register attendance in the eASY.KSEI application on the
                    date of the Meeting until the electronic registration period of the Meeting is closed
                    by the Company.
           iv.      Shareholders who have given power of attorney to the participant/Intermediary
                    proxy (Custodian Bank or Securities Company) and have cast their vote in the
                    eASY.KSEI application until the time limit in point 7, then the representative of the
                    proxy who is registered in the eASY.KSEI application is required to register
                    attendance in the eASY.KSEI application on the date of the Meeting until the
                    electronic registration period of the Meeting is closed by the Company.
           v.       Shareholders who have given a declaration of attendance or given power of attorney

                     to the proxy provided by the Company (Independent Representative) or Individual
                     Representative and have cast a minimum vote for 1 (one) or all Meeting agenda in
                     the eASY.KSEI application no later than the time limit in point 7, the shareholders
                     or proxies do not need to register attendance electronically in the eASY.KSEI
                     application on the date of the Meeting. Share ownership will be automatically
                     calculated as the attendance quorum and the votes that have been cast will be
                     automatically taken into account in the Meeting vote.
             vi.     Any delay or failure in the electronic registration process as referred to in numbers
                     i – iv for any reason will result in the shareholders or their proxies being unable to
                     attend the Meeting electronically, and their share ownership will not be counted as
                     the attendance quorum at the Meeting.

9.    In the event that the Shareholders will physically attend the Meeting, the Shareholders may
      download the Power of Attorney form on the Company's website or obtain such form at the BAE
      PT BSR Indonesia office, Sindo Building, 3rd Floor, J.I. Wahid Hasyim No. 38, Central Jakarta, phone
      +62 21 80864722. The completed Power of Attorney is sent to the BAE PT BSR Indonesia via email
      at adm.efek@bsrindonesia.com no later than June 26, 2024, and the original documents must be
      brought to the Meeting.

10.   Shareholders or their proxies who will physically attend the Meeting are requested to submit a
      photocopy of their Identity Card or other identifications before entering the Meeting room.
      Shareholders in the form of Legal Entities are required to bring a photocopy of the latest Articles of
      Association and the composition of the company's management. Shareholders in KSEI's collective
      custody are required to submit a Written Confirmation for the Meeting, which can be obtained at
      the BAE office or custodian bank. where Shareholders open their securities accounts. Registration
      of Shareholders or their Proxies at the Meeting venue is closed 30 minutes before the Meeting starts
      or at 13.30 Western Indonesian Time.

11.   Materials on the Meeting Agenda are not provided physically and can be accessed and downloaded
      on the Company's website and/or e-GMS (eASY.KSEI) since the date of the Meeting Invitation until
      the Meeting is held in accordance with Article 18 paragraphs (1) and (2) of OJK Regulation Number
      15/POJK.04/2020 concerning the Planning and Organizing of the General Meeting of Shareholders
      by Publicly-Traded Companies.

12.   Shareholders or their proxies who will physically attend the Meeting are required to be present at
      the Meeting venue at least 30 (thirty) minutes before the Meeting starts.




                                      Jakarta, June 5, 2024
                                 PT Krakatau Steel (Persero) Tbk
                                        Board of Directors