Name of Issuer or Public Company

:

PT Sarana Menara Nusantara, Tbk.

Line of Business

:

- Management Consultancy Activities

- Holding Company Activities

- Construction of Central Communication

Phone

:

0291-431691 / 021-23585500

email

:

corpsec@ptsmn.co.id

1.

Date of Occurrence

August 27, 2024

2.

Parties to the Transaction

1. PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company in which the Company owns 99.9997% of the shares;

2.  PT Iforte Solusi Infotek (“Iforte”), a subsidiary in which Protelindo directly owns 99.99% of its shares;

3. PT Solusi Tunas Pratama, Tbk. (“SUPR”), a company whose 99.96% shares are directly owned by the Protelindo; dan / and

4. PT Bank Mandiri (Persero), Tbk. (“Mandiri”) as a banking institution.

3.

Type of Material Information or Facts

 On August 27, 2024, Mandiri as the lender, along with Protelindo and Iforte as the borrowers and SUPR as the guarantor, signed Addendum I (Credit Agreement) to the Credit Agreement Deed No. WCO.KP/1244/KJP/2023 Deed No. 12 dated August 28, 2023 (“Mandiri Credit Agreement” or “Transaction”) in connection with the extension of its final maturity date.

4.

Description of Material Information or Facts

Based on the Mandiri Credit Agreement, the parties have agreed to extend the final maturity date until August 27, 2025.

5.

The impact of such event, information or material facts towards operational activities, legal, financial condition, or business continuity of the Issuer or Public Company

The performance of such Transaction does not have a negative material impact to the operational, legal, financial condition or continuity of the Company's business.

6.

Other information

1. The Transaction is an affiliated transaction as referred to:

(i) in Clause 6 section (1) letter b point (2) of OJK Regulation No. 42 of 2020 regarding the Affiliated Transaction and Conflict of Interest Transaction (“POJK 42”), i.e. a transaction between the subsidiaries whose at least 99% (ninety nine percent) of their shares are owned by the Public Company; and

(ii)  Clause 6 section (1) letter (d) of POJK 42, i.e. a loan received directly from bank; and/or

(iii)  Clause 6 section (1) letter (e) POJK 42, i.e. a security provided to bank in relation to the loan agreement granted to a public company or subsidiaries.

2.  The Transaction is not a conflict-of-interest transaction of the Company as referred to POJK 42 and not a material transaction as referred to the OJK Regulation No. 17/POJK.04/2020 on Material Transactions and Change of Business Activities.