PT Matahari Putra Prima Tbk : Explanation of Agenda the Extraordinary General Meeting of Shareholders PT Matahari Putra Prima Tbk

EXPLANATION of AGENDA

THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

PT MATAHARI PUTRA PRIMA Tbk.

("The Company")

The Extraordinary General Meeting of Shareholders ("Meeting") of PT Matahari Putra Prima Tbk will be held electronically through eASY.KSEI (https://akses.ksei.co.id) on:

Day, Date	:	Thursday, September 09th, 2021
Time	:	10:00 AM - finish
Venue	: Hypermart Cyberpark Karawaci, UG Floor
		Jl. Sultan Falatehan, Lippo Karawaci Utara
		Tangerang 15138

With the Meeting Agenda as follows:

1. To increase the Authorized Capital of the Company and to amend the Company's Articles of Association Article 4 of Capital in connection with the increase of the Company's Authorized Capital;
2. Approval of the Company's plan to carry out additional capital by issuing Pre-emptive Rights, in accordance with OJK Regulation No. 32/POJK.04/2019 concerning Capital Increases for Public Companies by Providing Pre-emptive Rights as modified in OJK Regulation No. 14/POJK.04/2019 ("POJK HMETD") ("Limited Public Offering VI"), including:
3. 1. Approval of amendments to the Company's Articles of Association in relation to the increase in the issued and paid-up capital of the Company within the framework of the Limited Public Offering VI; and
   2. Granting power and authority to the Board of Directors of the Company with substitution rights to carry out all necessary actions related to the Limited Public Offering VI, including but not limited to appointing capital market supporting institutions and professions that will assist the implementation of the Limited Public Offering VI, making or requesting all deeds to be made - deed, letters and documents required, appear before the authorized party/official including a notary, submit an application to the authorized party/official to obtain approval or report the matter to the authorized party/official and register it in the company register as referred to in the applicable laws and regulations.

Explanation of the Meeting Agenda:

1. The Company intends to increase its Authorized Capital to be as much as 30,000,000,000 (Thirty billions) shares and amends its Articles of Association Article 4 of Capital in the regards of the increase of the Authorized Capital;
2. In relation to the Company's plan to increase additional capital by Rights Issuance and to comply with POJK HMETD to increase issued and paid-up capital of publicly listed companies through the rights issuance to shareholders, the Company will hold a Meeting to obtain the approval from the majority of Shareholders for the issuance as much as 1,175,000,000 (One billion one hundred seventy five million) new shares of the Company.
   The Company has also announced the Disclosure of Information to Shareholders dated 03rd August 2021 on IDX website as well as the Company's website with the following links: http://mppa.co.id/misc/Event-Calendar/Keterbukaan-Informasi-HMETD.pdf

Tangerang, August 18th, 2021

PT Matahari Putra Prima Tbk.

Board of Directors