Name of the Issuer

or Public Company

:

PT Sarana Menara Nusantara, Tbk. (the “Company”)

Scope of Business

:

Activities of holding companies, telecommunication central construction and other management consultation activities.

Telephone

:

021 - 2358 5500

Facsimile

:

021 - 2358 6446

Electronic mail

:

investor.relations@ptsmn.co.id

1.

Date of Occurrence

February 28, 2022.

2.

The Parties

1. PT Profesional Telekomunikasi Indonesia (“Protelindo”); 

2. PT Iforte Solusi Infotek (“Iforte”);

3. PT Solusi Tunas Pratama, Tbk. (“SUPR”); and

4. Bank of China (Hong Kong) Limited (“BOCHK”), which is a banking institution that has not any affiliated relations with the Company.

3.

Type of Information or Material Facts

Signing of the Revolving Loan Facility Agreement dated February 28, 2022 made between Protelindo, Iforte, SUPR and BOCHK (“Facility Agreement”).

4.

Description of the Additional Information or Material Fact

On February 28, 2022, Protelindo, Iforte and SUPR have signed the Facility Agreement with BOCHK.

The following are several important information in connection with the Facility Agreement:

• The total amount of loan: is US$60,000,000.

• The purpose: general corporate purposes of Protelindo.

• Prevailing laws: English law.

The affiliated transaction mentioned in this Disclosure of Information is with regards to the corporate guarantee provided by Iforte and SUPR pursuant to the Corporate Guarantee dated February 28, 2022 between BOCHK with Iforte and SUPR (“Corporate Guarantee”).

Under the Corporate Guarantee, Iforte and SUPR will guarantee Protelindo’s obligations in relation with the Facility Agreement and the Corporate Guarantee is made in accordance and pursuant with the laws of Republic of Indonesia and English Law.

5.

Affiliated relations between the Parties

• Protelindo a company which 99.9997% of its shares are directly owned by the Company.

• SUPR a company which 99.96% of its shares are directly owned by Protelindo. 

• Iforte a company which 99.99% of its shares are directly owned by Protelindo.

6.

Consideration and reason of conducting Affiliated Transactions 

The signing of the Corporate Guarantee as mentioned above is categorized as an affiliated transaction pursuant to POJK 42.

The financing structure with the concept of providing a corporate guarantee by Iforte and SUPR will bring a preferable financing terms and conditions to Protelindo.

The corporate guarantee cannot be achieved if Iforte and SUPR is not an affiliated party. The facility is expected to support Protelindo’s business activities which on a consolidated basis will also have a positive impact on the Company.

7.

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

There is no material impact to the operational activities, legal or financial conditions or the business continuity of the Company due to the signing of the Facility Agreement and the Corporate Guarantee.

8.

Other information

The signing of the Facility Agreement, is not categorized as material transaction as contemplated under Financial Services Authority Rule Number 17/POJK.04/2020 regarding Material Transaction and Change of Main Business Activities (“POJK No. 17/2020”).

Furthermore, the Corporate Guarantee is categorized as an exempted affiliated transaction pursuant to the Article 6 paragraph (1) point e of POJK 42 and therefore the Company is only required to submit its report to OJK no later than 2 working days after the signing of the Corporate Guarantee.

The Facility Agreement and the Corporate Guarantee do not contain conflict of interest as referred under POJK 42.