20260430_PGAS_Pemanggilan RUPS_32076321_lamp3.pdf

                                   INVITATION OF
                    THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
                      PT PERUSAHAAN GAS NEGARA (PERSERO) TBK

 The Board of Directors of PT Perusahaan Gas Negara (Persero) Tbk (the “Company“) hereby invites the Company’s Shareholders to attend the
 Annual General Meeting of Shareholders (the “Meeting“), which will be held on:

                                            Day / Date       : Friday, May 22nd, 2026
                                            Time             : 14:00 WIB – onwards
                                            Venue            : Auditorium Graha PGAS, 2nd Floor
                                                               K.H. Zainul Arifin St, Number 20
                                                               West Jakarta, 11140


 Agendas of the Meeting
 1. Approval of the Company’s Annual Report and ratification of the Company’s Consolidated Financial Statements, approval of the Board of
    Commissioners’ Supervisory Report, and ratification of the Financial Statements of the Micro and Small Business Funding Program (“PUMK”)
    for Fiscal Year 2025, as well as the granting of full release and discharge (volledig acquit et de charge) to the Board of Directors for their
    management actions and to the Board of Commissioners for their supervisory actions performed during Fiscal Year 2025;
 2. Approval of the appropriation of the Company’s net profit for Fiscal Year 2025;
 3. The Determination of salaries/honoraria, including facilities and allowances for Fiscal Year 2026, as well as performance remuneration for
    Fiscal Year 2025 for the Company’s Management;
 4. Appointment of a Public Accountant and/or Public Accounting Firm to audit the Company’s Consolidated Financial Statements and the
    Financial Statements of the PUMK Program for Fiscal Year 2026;
 5. Delegation of authority to approve the Company’s Work Plan and Budget (RKAP) for Fiscal Year 2027, including any amendments thereto,
    from the GMS to the party designated by the GMS;
 6. The Amendment to the Company’s Articles of Association;
 7. Addition of business activities by PT Pertamina Gas (Amendment to Article 3 of PT Pertamina Gas’ Articles of Association) in accordance
    with Financial Services Authority regulations;
 8. Approval of the special assignment from the Central Government for the management of the State Budget-funded natural gas network; and
 9. Changes in the Composition of the Company’s Management.


 Explanation of the Agenda
 1. The First Agenda Item through the Fourth Agenda Item constitute the Company’s routine agenda items at the Annual General Meeting of
    Shareholders, in accordance with the provisions of the Company’s Articles of Association, Law No. 40 of 2007 regarding Limited Liability
    Companies as amended by Law No. 6 of 2023 concerning the Stipulation of Government Regulation in Lieu of Law No. 2 of 2022 regarding
    Job Creation as Law, and Law No. 19 of 2003 regarding State-Owned Enterprises, as lastly amended by Law No. 16 of 2025 concerning
    the Fourth Amendment to Law No. 19 of 2003 regarding State-Owned Enterprises (“SOE Law”).
 2. The Fifth Agenda Item is proposed in follow-up to the implementation of Article 15G paragraphs (2) and (5) of the SOE Law, which principally
    stipulates that the Company’s Work Plan and Budget (RKAP) shall be approved by the General Meeting of Shareholders (“GMS”). In this
    regard, and considering the need for agility and effective decision-making by the Company while maintaining risk mitigation and the principles
    of Good Corporate Governance, the Company deems it necessary to delegate the authority of the GMS to approve the RKAP for Fiscal Year
    2027 to an appointed party.
 3. The Sixth Agenda Item is proposed in order to align Article 3 of the Company’s Articles of Association with Statistics Indonesia Regulation No. 7
    of 2025 concerning the Indonesian Standard Industrial Classification (KBLI) (“BPS Regulation 7/2025”). This adjustment is made to fulfill a
    legal obligation that must be completed no later than six (6) months from the effective date of BPS Regulation 7/2025 on 18 December 2025.
 4. The Seventh Agenda Item is proposed in relation to the planned addition of business activities of the Company’s Controlled Entity, namely
    PT Pertamina Gas, in the field of New & Renewable Energy (KBLI 20112: Industrial Gas Industry, including hydrogen). Financial Services
    Authority Regulation No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities requires that if the
    Company’s Controlled Entity contributes revenue exceeding 20% of the Company’s consolidated revenue, any change in the business activities
    of such Controlled Entity requires approval at the Company’s GMS in its capacity as a Public Company. On 15 April 2026, the Company has
    made an Information Disclosure simultaneously with the announcement of the Company’s Annual GMS.
 5. The Eighth Agenda Item is proposed in relation to the Ministry of Energy and Mineral Resources’ plan to assign a special mandate to the
    Company for the management of the State Budget-funded natural gas network. Pursuant to the SOE Law, any special assignment from the
    Central Government to a State-Owned Enterprise requires approval of the GMS.
 6. The ninth agenda item of the Meeting is conducted in accordance with the provisions of Article 11 paragraph (6) and Article 14 paragraph
    (7) of the Company’s Articles of Association, which essentially stipulate that the Board of Directors and the Board of Commissioners are
    appointed and dismissed by the GMS.



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