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Affiliated Transaction Between PT Profesional Telekomunikasi Indonesia and Peter Djatmiko

Jakarta, Dec 18, 2015 | Source: Company

PT Sarana Menara Nusantara, Tbk. (Company) hereby informs that PT Profesional Telekomunikasi Indonesia (Protelindo), a subsidiary which 99.9994% of its shares is directly owned by the Company, has provided facilities and incentive program to Peter Djatmiko who is the President Director of PT Iforte Solusi Infotek, a subsidiary which 99.99% of its shares is owned by Protelindo and 0.01% of its shares is owned by the Company, by signing a Management Incentive Program Agreement (MIP Agreement) dated December 18, 2015. In connection with the plan of Peter Djatmiko to purchase 34,000,000 shares of the Company under the MIP Agreement, Protelindo provided a loan in the amount of US$9,635,140 to Peter Djatmiko by signing a Loan Agreement dated December 18, 2015 (Loan Agreement). In order to guarantee the obligations of Peter Djatmiko under the Loan Agreement, Protelindo has also signed a Pledge of Shares Agreement dated December 18, 2015 in connection with the security of the loan provided by Protelindo to Peter Djatmiko (Transaction).

This Transaction constitutes an afiliated transaction as defined in Bapepam and LK Regulation No. IX. E.1, Attachment to Decision of Chairman of Bapepam and LK Number Kep-412/BL/2009 dated November 25, 2009, concerning Affiliated Transactions and Conflict of Interest of Specific Transactions.

Furthermore, we have also prepared this disclosure information in the framework with IDX Regulation No. I-E, Attachment to Decision of the Board of Directors of PT Bursa Efek Jakarta Number Kep-306/BEJ/07-2004 dated July 19, 2004, concerning Obligation to Submit Information.