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Press Release



 Boosting Infrastructure Sector Growth, Chandra Asri Group
      Receives Bullet Term Loan of IDR 4 Trillion from Bank
                                                Mandiri




   [Left - Right] Andre Khor, Chief Financial Officer Chandra Asri Group - Helmy Afrisa Nugroho, Senior Vice
                                   President Corporate Banking Bank Mandiri

Jakarta, April 1st, 2024 - PT Chandra Asri Pacific Tbk (Chandra Asri Group) has signed a bullet term
loan facility agreement worth IDR 4 trillion from PT Bank Mandiri (Persero) Tbk (Bank Mandiri) with
tenor of 7 (seven) years to boost the businesses under its infrastructure investment arm, PT Chandra
Daya Investasi (CDI). The agreement was signed by Chief Financial Officer (CFO) of Chandra Asri Group,
Andre Khor and Senior Vice President Corporate Banking Bank Mandiri, Helmy Afrisa Nugroho, in
Jakarta. The funds from this facility will be allocated to support the general operations and business
sustainability of CDI, as well as to strengthen the company's working capital.

Erwin Ciputra, President Director and CEO Chandra Asri Group, stated, "In line with Chandra Asri
Group's vision to provide infrastructure solutions for the strategic development of sectors in
Indonesia, we are delighted to have been entrusted with the bullet term loan facility from Bank
Mandiri. This facility reflects Bank Mandiri's confidence in achieving exponential growth through
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infrastructure asset optimization and future expansion focused on power generation and distribution,
water processing, as well as tank and jetty management."

Senior Vice President Corporate Banking Bank Mandiri, Helmy Afrisa Nugroho, stated that this
collaboration represents Bank Mandiri’s commitment to promoting sustainable business growth. One
of the ways is through the implementation of emphasis on environmental, social, and governance
(ESG) aspects on its business activities, including the credit distribution process. “The signing of this
Term Loan Facility Agreement is a form of Bank Mandiri’s commitment to CDI and Chandra Asri Group
to strengthen the funding aspect in running and developing CDI’s business in the future,” Helmy firmly
stated.




[Left - Right] Jonathan Kandinata, Treasury General Manager Chandra Asri Group - Andre Khor, Chief Financial
 Officer Chandra Asri Group - Helmy Afrisa Nugroho, Senior Vice President Corporate Banking Bank Mandiri -
                   Rio Putra Ariestya, Vice President Corporate Banking 3 Group Bank Mandiri

Chandra Asri Group through CDI, a joint-venture subsidiary with EGCO holding a 30% stake, is
committed to creating long-term, stable, and sustainable profits through a robust infrastructure
business growth. CDI's core portfolio includes key assets supporting industrial growth, such as
Indonesia's largest and only integrated water company, and a combined cycle power plant and
environmentally friendly power plant with a capacity of 200 MW through a strategic partnership with
Posco International, a leading trading company in South Korea. CDI also provides tank leasing services
and integrated jetty management in prominent industrial areas on Java Island.

                                                    ***
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About Chandra Asri Group
Chandra Asri Group is Indonesia’s leading chemical and infrastructure solutions company, supplying products and services
to various manufacturing industries in both domestic and international markets. With a history of 31 years and over 2,200
dedicated staff, it incorporates state-of-the art technologies and supporting facilities located strategically in the country’s
petrochemical and industrial hubs, Cilegon, and Serang. Chandra Asri Group operates the only Naphtha Cracker in Indonesia
that produces Olefins (Ethylene, Propylene), Polyolefins (Polyethylene, Polypropylene), Py-Gas and Mixed C4, and is the sole
domestic producer of Styrene Monomer, Ethylene, Butadiene, MTBE and Butene-1, with a new world-scale Chlor Alkali –
Ethylene Dichloride plant development on the horizon. Chandra Asri Group’s chemicals business is supported by core
infrastructure assets encompassing strategic energy, electricity, water, jetty, and tank farm facilities.

About Bank Mandiri

Bank Mandiri is one of the leading banks in Indonesia, offering financial services to customers that cover Corporate,
Institutional Relations, Commercial, Micro & SME, Consumer Banking, Treasury, and International Banking segments.
Currently, Bank Mandiri synergizes with various companies within the Mandiri Group financial conglomerate to provide a
range of products and services and support its main business, including: Mandiri Sekuritas (capital market services and
products), Bank Syariah Indonesia (Islamic banking), Bank Mandiri Taspen/Mantap (SME loans), AXA-Mandiri Financial
Services (life insurance), Mandiri InHealth (health insurance), Mandiri Tunas Finance (financing services), Mandiri Utama
Finance (financing services), Mandiri International Remittance (remittance services), Mandiri Europe (treasury & financial
institution), Mandiri Capital Indonesia (venture capital financing), and Mitra Transaksi Indonesia (online bank payment
point). Through this collaboration, all members of the Mandiri Group financial conglomerate have solid performance and
become key players in their respective business segments.

In business expansion, Bank Mandiri continues to develop digital banking services and products that can meet the various
needs of corporate and retail customers. Kopra by Mandiri is a digital solution for the national industry that unites
corporations to small and medium-sized enterprises in a single access digital ecosystem that is very easy and solution-
oriented, such as Cash Management, Forex, Trade & Guarantee, Supply Chain Management, Virtual Account to integrated
financial solutions based on Application Programming Interface (API). Meanwhile, digital retail services include the Livin’ by
Mandiri application, Mandiri e-money prepaid card, and information services based on artificial intelligence Mandiri
Intelligent Assistant (MITA) on the official WhatsApp account of Bank Mandiri at +62 811-84-14000.

As of December 2023, the Bank Mandiri network has spread throughout Indonesia, which includes 2,301 branch offices and
Smart Branch by Mandiri. Bank Mandiri’s distribution services are also equipped with 13,028 ATM, CRM, and CSM units
connected in the ATM Link, ATM Bersama, ATM Prima, and Visa/Plus network, Electronic Data Capture (EDC), and e-banking
network that includes New Livin’ by Mandiri, SMS Banking, and Call Center 14000.

Detailed information about Bank Mandiri can be accessed through www.bankmandiri.co.id

For more information, please contact:

Chandra Asri Group
Suryandi                                                              Chrysanthi Tarigan
Director HR & Corporate Affairs                                       Head of Corporate Communications
Telp: 021- 530 5790                                                   Telp : 021-530 7950
Email : suryandi@capcx.com                                            Email: corporate.comm@capcx.com

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Names mentioned 15 people and organisations named in the text · linked when the evidence is strong

linked person Helmy Afrisa Nugroho p.1 ×4
linked org Bank Mandiri (Persero) Tbk p.1 ×29
linked org PT Chandra Daya Investasi p.1
linked person Erwin Ciputra p.1
linked org Mandiri Sekuritas p.3
linked org Bank Syariah Indonesia p.3
linked org Mandiri Tunas Finance p.3
linked org Mandiri Capital p.3
possible org Chandra Asri Pacific Tbk p.1 ×2
possible org Bank Mandiri's p.1 ×4
possible person Jonathan Kandinata p.2
possible org Bank Mandiri Bank Mandiri p.3
unresolved org Bank Mandiri. This p.1
unresolved org Bank Mandiri Chandra Asri Group p.2
unresolved org Bank Mandiri Taspen p.3

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