On June 12, 2020 PT PII (Persero) held the Annual General Meeting of Shareholders for the 2019 Fiscal Year Meeting at the Office of the Directorate General of State Assets Separated by the Ministry of Finance of the Republic of Indonesia, Jakarta, taking into account the provisions related to the prevention protocol for COVID-19 required

The meeting was chaired by the Director General of State Assets who acted as the attorney of the Minister of Finance representing the Republic of Indonesia in his position as the Company's Shareholder.

The GMS is held with the agenda of the meeting set in summons Number 680 / PII / DRU / 0520 dated May 28, 2020, as follows:

1. Approval of the Company's Annual Report 2019 for the year which includes:

• Ratification of the Company's Financial Statements for Fiscal Year 2019; and
• Granting full repayment and acquittal (acquit et de charge) to all members of the Board of Commissioners and Directors of the Company for the supervision and management actions that have been carried out during Fiscal Year 2019.

1. Determination of the decision to use the Company's Net Profit for Fiscal Year 2019; and
2. Determination of salary / honorarium decisions and benefits / facilities for the Board of Commissioners and Directors of the Company for Fiscal Year 2020 and payment of Tantiem based on the performance of Fiscal Year 2019.

The results of the Annual General Meeting of Shareholders ratification resolutions for PT PII (Persero) 2019 for the Shareholders, Board of Commissioners and Directors are set forth in the GMS Minutes, where Shareholders approve and ratify the entire agenda of the GMS on June 12, 2020.

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