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

April 5, 2024

2.

Parties to the Transaction

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

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

3. PT Komet Infra Nusantara (”KIN”);

4. PT Solusi Tunas Pratama Tbk (”SUPR”); dan/and

5.  PT Bank Mizuho Indonesia (“Mizuho”).

3.

Type of Material Information or Facts

1. Execution of Amendment Agreement No. 279/AMD/MZH/0424 dated April 5, 2024 between Protelindo, Iforte, KIN and SUPR, as the debtors with Mizuho as the creditor (“Mizuho Facility Agreement”)

Protelindo, Iforte, KIN and SUPR have agreed to be jointly and severally liable for the performance of all obligations under the Mizuho Facility Agreement.

2. Protelindo and SUPR respectively have signed a corporate guarantee to guarantee the fulfilment of Protelindo’s, Iforte’s, KIN’s dan SUPR’s obligations under the Mizuho Facility Agreement (“Corporate Guarantee”).

Mizuho Facility Agreement and Guarantee Agreement together will be referred as to "Transaction".

4.

Description of Material Information or Facts

Based on Mizuho Agreement, the parties have agreed to extend the final maturity date to April 14, 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 negative material impact to the operational, legal, financial condition or continuity of the Company's business.

6.

Other information

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

(i)  Clause 6 section (1) letter b point (2) of OJK Regulation No. 42 of 2022 regarding the Affiliated Transaction and Conflict of Interest Transaction (“OJK Rule 42”), i.e. a transaction between the subsidiaries whose at least 99% of their shares are owned by the Public Company; and

(ii)   Clause 6 section (1) letter (e) OJK Rule 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 OJK Rule 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.