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

March 26, 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 Solusi Tunas Pratama Tbk (“SUPR”), a company whose 99.96% shares are directly owned by the Protelindo;

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

4.  PT BIT Teknologi Nusantara (“BIT”), a company whose 100% shares are indirectly owned by the Protelindo through Iforte and KIN;

5. PT Iforte Energi Nusantara (“IEN”), a subsidiary in which 100% are directly and indirectly owned by Protelindo; dan/and

6.  PT Bank QNB Indonesia Tbk (“QNB”) as a banking institution.

3.

Type of Material Information or Facts

 On March 26, 2024, Protelindo, SUPR, Iforte, BIT and IEN as the borrowers have signed the Credit Facility Agreement with QNB as the lender (“Facility Agreement” or “Transaction”).

4.

Description of Material Information or Facts

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

-   Total Facility:  IDR500,000,000,000.- with the following details:

a.  A maximum of IDR500,000,000,000 to be provided to Protelindo, SUPR and Iforte collectively; dan/and

b. A maximum of IDR100,000,000,000 to be provided to BIT and IEN.

-  Purpose of loan:  general corporate purposes and working capital

-  Final Maturity Date: 12 (twelve) months after signing date of the Facility Agreement.   

- Governing Laws: Law of Indonesia.

2.   Protelindo, SUPR, Iforte, BIT and IEN are jointly liable for their obligations under the Facility Agreement.

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 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 not a conflict-of-interest transaction of the Company as referred to OJK Regulation No. 42 of 2022 regarding the Affiliated Transaction and Conflict of Interest Transaction (“OJK Rule 42”).

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