20240404_JSMR_Tanggapan atas Permintaan Penjelasan Bursa_31624486_lamp1.pdf

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JASAMARGA

Indonesia Highway Corp.

Number 1 AB.PN.06.03.136 April 04, 2024
Attachment : -

Subject 1 Response to Reguest for Explanation

Direktur Penilaian Perusahaan

PT Bursa Efek Indonesia

Indonesia Stock Exchange Building, Tower |
Jalan Jend. Sudirman Kav 52-53

Jakarta 12190

' Reffering to the letter from PT Bursa Efek Indonesia (BEI) No: S-03262/BEI.PP2/04-2024
dated 2 April 2024 regarding Reguest for Explanation, we hereby provide an explanation of
the asked guestions as follows:

1. To explain the source of funding for a shareholder loan amount to IDR1.047.146.434.012
to JAP.

The provision of a shareholder loan to PT Jasamarga Akses Patimban (JAP) utilizes the
flexibility of the loan facilities owned by PT Jasa Marga (Persero) Tbk.

2. In the information disclosure, it is stated that the maximum shareholder loan provision is
IDR1.047.146.434.012. To explain whether the loan provision is still in the form of plafond,
or has it realized at the time of the transaction on March 19, 2024?

The amount of IDR1.047.146.434.012 is the plafond given at the time of signing the
shareholder agreement in accordance with the initial JAP submission. However, during
the realization of the shareholder loan drawdown, the amount was only
IDR1.016.441.949.800.

3. Please clarify whether JAP also received shareholder loans from other shareholders, apart
from the Company? If it is not, what is the company's consideration to not sharing the
funding to provide the shareholder loan.

Based on the Decision of the Extraordinary General Meeting of Shareholders of JAP in
2024, the shareholders agreed that all shareholder loans are to be fulfiled by the
Company.

4. Why did JAP choose shareholder loan funding from the Company, compared to other
funding? To explain the obstacles if any.

JAP reguires short-term funding (maximum 1 month) before obtaining new financing
facilities, thus JAP chose to fulfill this short-term funding with shareholder loans.

5. Based on the KJPP Assessor Report Budi, Edy, Saptono, and Partners, so that it can be
explained:

a. Details of the shareholder loan funds used for financing payments to PT Sarana Multi
Infrastruktur (Persero) Tbk (SMI).

The shareholder loan funds are used for payment to SMI, which are utilized for
financing the land acguisition costs in the development project of the Patimban Access

Toll Road.
PT JASA MARGA (PERSERO) Tbk.
Plaza Tol Taman Mini Indonesia Indah
Jakarta 13550 - Indonesia
Tel. (62-21) 841 3526, 841 3630
— Fax. (62-21) 840 1533, 8413540
AKHLAK — Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif ja samarga.com,

www.jasamarga.com

Page 2 OCR 0.920

b. The reason why JAP's syndicated credit with SMI has not yet been formed.
As of now, the formation of investment credit is still in process.
6. To explain the development of the Patimban Access Toll Road currently on progress.
The Patimban Access Toll Road consists of two parts, namely:

a. The JAP portion is 14.11 km lenght, namely JC Cipendeuy — SS Pasir Bungur:
b. The Government portion is 22.94 km length, namely SS Pasir Bungur — Patimban (but
land acguisition is JAP's responsibility).

Until the end of March 2024, the overall progress of land acguisition for the Patimban
Access Toll Road reached 50.184.

For construction work, currently the Government portion of the segment is in the
construction process, while for the JAP portion, construction activities plans to begin when
land acguisition progress reaches 100”h in the JAP portion of the segment.

7. The operational contributions obtained directly from providing shareholder loans to JAP.

The expected contribution and the company's financial proforma can be accessed in the
Transaction Fairness Opinion Report Document signed by the Appraiser (Pg 7-9
Shortform).

8. Material facts/information/important events that can have a significant impact on the
Company and are deemed to influence trading fluctuations in the Company's shares that
have not been disclosed to the public and must be immediately disclosed to the public.

There are no other material facts/information/important events.

Thus, we convey this, we thank you for your attention and cooperation.

, J ARGA

P7 “daKnesia Highway Corp.

Nixon Sitorus
Corporate Secretary &
Chief Administration Officer

Cc, to:

1. Direktur Pengawasan Transaksi Efek, Otoritas Jasa Keuangan:
2. Direktur Penilaian Keuangan Perusahaan Sektor Jasa, Otoritas Jasa Keuangan,
3. Direksi PT Jasa Marga (Persero) Tbk.

AKELAK - Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif

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Source	IDX
Size	0.35 MB
Published	4 Apr 2024
Pages	2
Characters	4,533
Text source	OCR
OCR confidence	0.920

Names mentioned 11 people and organisations named in the text · linked when the evidence is strong

linked org PT Jasamarga Akses Patimban p.1

linked org Jasa Marga (Persero) Tbk. p.1 ×8

linked org Sarana Multi Infrastruktur (Persero) Tbk p.1 ×2

linked person Nixon Sitorus p.2

possible org PT Bursa Efek Indonesia p.1 ×2

possible org Otoritas Jasa Keuangan p.2 ×2

unresolved org JASAMARGA Indonesia Highway Corp. p.1

unresolved org PT Bursa Efek Indonesia Indonesia Stock Exchange Building p.1

unresolved org Indonesia Stock Exchange p.1

unresolved org KJPP Assessor Report Budi p.1

unresolved org Highway Corp. p.2

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