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

November 2, 2023

2.

Parties to the Transaction

1. PT Profesional Telekomunikasi Indonesia (“Protelindo”), a company whose 99.9997% shares are directly owned by the Company;

2. PT Iforte Solusi Infotek (“Iforte”), a company whose 99.99% shares are directly owned by the Protelindo; dan/and

3. PT Bank CIMB Niaga Tbk (“Niaga”) as a banking institution.

3.

Type of Material Information or Facts

On November 2, 2023, Niaga as the lender and Iforte as the borrower have signed the Deed of Amendment and Restatement of Credit Agreement (“Amendment of Credit Agreement”) in relation to the additional of the facility’s sublimit.

4.

 Description of Material Information or Facts

1. The additional of the facility’s sublimit under Fasilitas Pinjaman Transaksi Khusus (uncommitted – on revolving basis) in the amount of maximum of IDR750,000,000,000;

2. Protelindo agrees to provide a corporate guarantee to guarantee the fulfilment of Iforte’ s obligation under Amendment of Credit Agreement (“Guarantee Agreement” and together with the Amendment Credit Agreement shall be referred as “Transaction”).

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 disclosed information or material facts do not have material impact to the operational, legal, financial condition or continuity of the Company's business.

6.

Other information

1.   The granting of the corporate guarantee as mentioned above 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 corporate guarantee provided to bank in relation to the loan agreement granted by the Issuer or subsidiaries.

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