Certain Ordinary Shares of PT Mandiri Herindo Adiperkasa Tbk are subject to a Lock-Up Agreement Ending on 15-MAR-2024. These Ordinary Shares will be under lockup for 238 days starting from 21-JUL-2023 to 15-MAR-2024.

Details:
Based on POJK No. 25 of 2017, any party who obtains the Company's shares at an exercise price below the Initial Public Offering price within 6 (six) months prior to submitting the Registration Statement to the OJK, is prohibited from transferring part or all of the ownership of the Issuer's equity securities until 8 (eight) months after the Registration Statement becomes Effective (lock up period).

In accordance with POJK No. 25 of 2017, all current shareholders of the Company, namely PT Edika Agung Mandiri, Yenny Hamidah Koean, Eka Rosita Kasih, Diah Asriningpuri Sugianto, Arief Sugianto, Handy Glivirgo, Muhammad Akbar, and Herman Kusnanto Kasih Tjia are prohibited from transferring either part or all of its shares in the Company up to 8 months after the Registration Statement becomes Effective.

Based on the Statement Letter dated May 5, 2023, Mr. Eddy Sugianto stated that Mr. Eddy Sugianto, as the Controller of the Company, will remain the Controller of the Company, either directly or indirectly, for a period of at least 12 (twelve) months after the Statement of Effective Registration.