20240603_MEDC_Keterbukaan Informasi terkait Aksi Korporasi_31645472_lamp2.pdf

Voting Mechanism of the Meeting

Decision making is carried out by means of deliberation for consensus, if there are shareholders or their proxies
who do not agree, then the decision will be taken by voting physically and electronically.

In accordance with the provisions of capital market regulations, shareholders with voting rights who attend the
Meeting but abstain are deemed to have cast the same vote as the majority of shareholders who cast votes.

Result of the Voting for the Meeting’s Resolution

1. First Agenda

              Agree                             Abstain                                 Disagree
      21,379,327,096 shares                281,594,927 shares                       23,200,500 shares

    First Agenda Resolution:
    Receive and approve the report of Board of Directors and the report of the Board of Commissioners
    regarding the Company’s activities that have been carried out for the financial year ending 31 December
    2023 as well as the ratification of the profit and loss balance (“Financial Statements”) for the financial year
    ended 31 December 31 2023 which has been audited by the Public Accounting Firm PURWANTONO,
    SUNGKORO & SURJA as evidenced from its letter No. 00474/2.1032/AU.1/02/0696-4/1/IV/2024 dated 1
    April 2024, with the opinion “FAIR WITHOUT EXCEPTIONS” and subsequently released (acquit et de
    charge) the members of the Board of Directors and Board of Commissioners of the Company from their
    responsibilities for the management and supervision of the Company during the relevant financial year.

2. Second Agenda

              Agree                             Abstain                                 Disagree
      21,400,118,283 shares                259,281,381 shares                        2,409,313 shares

    Second Agenda Resolution:
    1. To approve the utilization of the Net Profit that Attributed to the Shareholders of the Company for the
       financial year ended 31 December 2023 with the amount of US$330,675,261 (three hundred thirty million
       six hundred seventy-five thousand two hundred sixty-one United States Dollar) with the following details:

        -   Distributed 21.18% of the net profit attributable to owners of the Company's parent entity in 2023 or
            in the amount of US$70,045,000 (seventy million forty-five thousand United States Dollar) as
            cash dividend to all shareholders of the Company, whereas the amount of cash dividend distribution
            above must take into account the interim dividend that has been distributed by the Company to
            shareholders on 15 December 2023. Thus, with the distributed interim dividend to the Company's
            shareholders in the amount of US$25,000,000 (twenty five million United States Dollar) or equal
            to US$0.001 (zero point zero zero one United States Dollar) per share, then the final cash dividend
            that will be distributed after obtaining the approval from this Meeting is US$45,045,000 (forty five
            million forty five thousand United States Dollar), with the total issued and paid-up capital
            (excluding treasury shares) of 25,024,989,984 (twenty five billion twenty four million nine hundred
            eighty nine thousand nine hundred eighty four) shares or equal to US$0.0018 (zero point zero zero
            one eight United States Dollar) per share.

        -   To record the remaining net profit of 2023 with the amount of US$260,630,261 (two hundred sixty
            million six hundred thirty thousand two hundred sixty-one United States Dollar), as Retained
            Earnings.

    2. To authorize the Board of Directors to do all necessary things for the cash dividend distribution to each
       of the shareholders, including to announce the procedure and requirement of the cash dividend payment
       as explained.

3. Third Agenda

                Agree                            Abstain                                Disagree
        21,131,152,579 shares               259,266,901 shares                        271,375,017 shares

    Third Agenda Resolution:
    1. To Approve the appointment of Purwantono, Sungkoro & Surja Public Accounting Firm registered with
       the OJK to audit the Balance Sheet, Profit and Loss Calculation and other parts of the Consolidated
       Financial Statements of the Company and its Subsidiaries for the year ending on 31 December 2024.

    2. To Approve the Delegation of authority to the Board of Commissioners of the Company to:
        a. Determine the fee amount of the Public Accountant.
        b. To Appoint a substitute Public Accountant office and determine the conditions and requirements for
           the appointment of a substitute Public Accountant that is reasonable if the Public Accountant
           appointed by this Meeting is unable to carry out or continue his duties for any reason, including legal
           reasons and laws and regulations in the capital market or no agreement is reached regarding the
           fee amount.

4. Fourth Agenda

              Agree                            Abstain                                Disagree
      21,156,547,003 shares               259,284,881 shares                     245,980,593 shares

    Fourth Agenda Resolution:
    1. To approve the determination of compensation of the BOC and the BOD for the year 2024 (including
       tax) effective as of 1 January 2024 to 31 December 2024 at the maximum of USD 26,020,000 (twenty
       six million twenty thousand United States Dollars), including payment in the form of stock shares of the
       Company in the maximum amount of 40,800,000 (forty million eight hundred thousand) and ratified the
       payment of salaries and benefits that have been paid to the Board of Commissioners and Board of
       Directors from January 2024 to May 2024.

    2. To approve the authorization to the Board of Commissioners to determine the policy on the distribution
       of bonuses, salaries and allowances to each member of the Board of Commissioners and the Board of
       Directors of the Company, including the determination of other forms of benefits to be given to the
       Board of Directors of the Company.

5. Fifth Agenda

              Agree                            Abstain                                 Disagree
      20,245,231,654 shares               259,279,481 shares                      1,157,295,942 shares

    Fifth Agenda Resolution:
    1. To approve the shares buyback of the Company's that have been issued and listed on the IDX in a
         maximum of 100,000,000 (one hundred million) shares or 0.398% (zero point three nine eight percent)
         of the issued and paid-up capital of the Company which will be carried out in accordance with POJK
         Regulation No. 29 of 2023 on Shares Buyback by the Public Companies.

    2. To approve and authorize with substitution rights, either in part or in whole, to the Board of Directors of
       the Company to carry out all necessary actions in connection with the shares buyback of the Company.

6. Sixth Agenda

              Agree                           Abstain                                 Disagree
      19,969,779,734 shares              259,284,881 shares                      1,432,753,862 shares

    Sixth Agenda Resolution:
    1. To approve the transfer of shares resulting from the buyback by implementing a share ownership
        program by employees and/or Directors and Board of Commissioners of the Company, Subsidiaries
        and affiliated companies of the Company; And

    2. To approve and authorize with substitution rights, either in part or in whole, to the Board of Directors of
       the Company to carry out all necessary actions in connection with the re-transfer of shares resulting
       from the buyback by implementing a share ownership program by employees and/or the Directors and
       Board of Commissioners of the Company, the Company Subsidiaries and affiliated companies of the
       Company.

7. Seventh Agenda
   Report to the shareholders regarding Report of the realization and use of proceeds from the Public Offering.
   The Seventh Agenda is only a report, therefore there is no voting.

                                   Timetable of Cash Dividend Distribution

A. Timetable of Cash Dividend Distribution

  No.                                  Description                                             Date
  1.     Meeting                                                                    30 May 2024
  2.     Announcement of the Meeting summary minutes of meeting and timetable       3 June 2024
         and procedure of cash dividend distribution
  3.     Cum Regular and Negotiated Market                                          7 June 2024
  4.     Ex Regular and Negotiated Market                                           10 June 2024
  5.     Cum Cash Market                                                            11 June 2024
  6.     Ex Cash Market                                                             12 June 2024
  7.     Recording Date for shareholders who entitled the cash dividend and the     11 June 2024
         determination on the exchange rate of middle rate Bank Indonesia (United
         States Dollar to Rupiah)
  8.     Announcement of exchange rate United States Dollar to Rupiah               12 June 2024
  9.     Cash dividend distribution                                                 28 June 2024


B. Procedure of Cash Dividend Distribution:

1. Cash dividend will be distributed to the shareholders whose names are recorded in the Company's
   Shareholders Register (Recording Date) on 11 June 2024 until 4 pm Western Indonesian Time.
2. For scripless shareholders who are Indonesian nationals or foreign nationals but domiciled in Indonesia, cash
   dividend payments will be made in Rupiah, with a value equivalent to dividends paid in United States Dollars
   (“US Dollars”) based on the middle exchange rate determined by Bank Indonesia on the recording date on
   11 June 2024 and will be announced on 12 June 2024.
3. For the scripless shareholders who are foreign citizen or Indonesian citizen but domiciled outside Indonesia,
   dividend payments will be made in US Dollars.
4. For the scripless shareholders registered in the Collective Custody at PT Kustodian Sentral Efek Indonesia
   (“KSEI”), cash dividend payments will be made through KSEI and subsequently, KSEI will distribute to the
   shareholders’ account at KSEI.
5. For the script shareholders, cash dividend payments in Rupiah are made through the Company's Share
   Registrar, PT Sinartama Gunita. Cash dividend payments will be transferred to the shareholders' accounts,
   based on accounts list registered in the Share Registrar.
6. The distribution of cash dividends is subject to the applicable tax based on the prevailing regulations which
   the Company must withhold. Evidence of the withholding tax can be collected at the Share Registrar’s office.
7. Shareholders who are Domestic Taxpayers in the form of legal entities that have not included their Taxpayer
   Identification Number (NPWP) are requested to submit their NPWP to KSEI or BAE no later than 11 June
   2024 at 4 pm Western Indonesian Time. Without the inclusion of NPWP, cash dividends paid to the
   Indonesian legal entities will be subject to income tax of 30% (thirty percent).
8. Withholding tax on dividends received in US Dollars will be imposed by converting the rate of cash dividends
   into Rupiah using the prevailing exchange rate of the Minister of Finance on the recording date.
9. Shareholders who are Foreign Taxpayers, whose tax withholding will use a rate based on the Double Taxation
   Avoidance Agreement (P3B), must comply with the requirements of Article 26 of Law no. 36 of 2008
   concerning the Fourth Amendment to Law no. 7 of 1983 concerning Income Tax and submitting a Certificate
   of Domicile to KSEI or Share Registrar (as applicable), using the format as required in the Regulation of the
   Directorate General of Taxes no. 61/PJ/2009 dated 5 November 2009 and in accordance with the prevailing
   regulations at KSEI as stated in the Circular Letter No. SE-001/DIR-eks/0110 dated 11 January 2010, no later
   than 11 June 2024 at 4 pm Western Indonesian Time. Without the Certificate of Domicile with the agreed
   format, the cash dividends paid will be subject to Article 26 Income Tax of 20% (twenty percent).

This announcement of the timetable and procedure of cash dividend distribution is an official notification from the
Company to the shareholders, and therefore, the Company does not issue a separate notification letter to
shareholders.

                                            Jakarta, 3 June 2024
                                      PT Medco Energi Internasional Tbk
                                             Board of Directors