ANNOUNCEMENT OF

SUMMARY OF MINUTES OF THE 2019

ANNUAL GENERAL MEETING OF SHAREHOLDERS
AND EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
PT KABELINDO MURNI Tbk

The Board of Directors of PT Kabelindo Murni Tbk (hereinafter “Company”) hereby inform all
Shareholders that the Company held an Annual General Meeting of Shareholders (“AGMS”) and
Extraordinary General Meeting of Shareholders (“EGMS”) (hereinafter both GMS will be called
“Meeting”) as follows:

A. Date, Time, Venue and Agenda

Date : May 3, 2019
Time : AGMS
10.47 AM – 11.30 AM
EGMS
11.38 AM – 11.53 PM
Venue : PT Kabelindo Murni Tbk
Jl. Rawa Girang No. 2
Kawasan Industri Pulogadung
Jakarta Timur 13930
Meeting Agenda : AGMS
1. Director’s Report regarding the situation and management of the
Company in Financial year 2018, including the 2018 Supervisory
Report of the Board of Commissioners;
2. Approving and Legalizing the Consolidated Financial Statement of
the Company and its Subsidiaries for Financial Year 2018;
3. Determining the use of Company Profit for Financial Year 2018;
4. Appointing the Independent Public Accountant to audit the Financial
Statement of the Company for Financial Year 2019;
5. Determining the salary and/or allowance of the members of the
Board of Directors, along with the fee and/or allowance of the
members of the Board of Commissioners.
EGMS
1. Approving to use over 50% of Company’s net worth as collateral to
obtain acceptable facilities from banks and/or other financial
entities;
2. Approving the change of Article 3 of the Company’s Articles of
Association regarding the Company’s Goals, Objectives and
Activities.

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B. Board of Directors and Board of Commissioners’ Attendance
The members of the Board of Directors and Board of Commissioners who attended the Meeting
were:

Board of Directors
President Director
Director
Independent Director
Director
: Mrs. Elly Soepono
: Mrs. Veronica Lukman
: Mr. Petrus Nugroho Dwisantoso
: Mr. Andika S. Wongkar

Board of Commissioners
President Commissioner : Mr. Soepono
Independent Commissioner : Mr. D.N. Adnyana
Independent Commissioner : Mr. Budi Setiono Santoso

C. Minimum Attendance
The AGMS was attended by shareholders and their representatives, representing 966,426,100
shares or 86.29% of 1,120,000,000 shares, which are all shares with valid voting rights given by
the Company.

The EGMS was attended by shareholders and their representatives, representing 966,650,994
shares or 86.31% of 1,120,000,000 shares, which are all shares with valid voting rights given by
the Company.

D. Q&A Session
Shareholders and their representatives will provide opportunity to shareholders or their
representatives to ask questions and/or provide feedback before voting on the relevant agenda,
but no questions and/or feedback were provided during the Meeting.

E. Decision-Making
Consensus decision-making was implemented. In the case of decisions that could not be
reached, decision-making was done through voting.

F. Voting

AGMS
Agenda 1 to 5

Voting results:
- No shareholders or their representatives who attended the Meeting abstained from voting
(blank vote);
- No shareholders or their representatives who attended the Meeting voted “against”;
- All shareholders and their representatives who attended the Meeting voted “for”;
- Decisions made during the Meeting were wholly agreed by attendees.

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 Meeting Decisions:
1. Approving and accepting the Annual Report and the Board of Commissioners’ Supervisory
Report of Financial Year 2018.
2. Approving and legalizing Consolidated Financial Statement of the Company and its
Subsidiaries for Financial Year 2018 which includes Balance and Income Statement of 2018, as
well as full release and discharge (acquit et de charge) to the Board of Directors and Board of
Commissioners from management and supervisory responsibilities in Financial Year 2018 as
long as these actions were reflected on the mentioned reports.
3. a. Approving the use of Company’s net income during Financial Year 2018 as follows:
i) Rp 11,200,000,000 or 27.53% of Company’s net income in Financial Year 2018 is to be
distributed as cash dividends to Company shareholders so that each share receives
cash dividend of Rp 10, while complying with relevant regulations;
ii) Rp 400,000,000 is to be allocated to and reported as cash reserves;
iii) Remaining funds is to be reported as retained earnings, to add to Company’s business
capital;
b. Assigning authority and power to Board of Directors to take all necessary actions in
relation to above decisions while adhering to relevant regulations.
4. Assigning authority and power to Board of Commissioners, under the Auditing Committee’s
recommendation, to appoint Public Accountant and/or Public Accounting Firm listed on the
Financial Services Authority to audit the Financial Report for the financial year ending on
December 31 2019, as well as a substitute Public Accountant and/or Public Accounting Firm in
case the appointed Public Accountant and/or Public Accounting Firm is, for any reason,
unable to complete the auditing of the Financial Report, and to determine the service fees of
said Public Accountant and/or Public Accounting Firm and the terms of their appointment,
which are based on the below requirements:
a. is licensed by the Ministry of Finance and is a registered with the Financial Services
Authority;
b. has and adheres to the quality control manual which contains the standards applicable to
all relevant firms and is up to professional standards as established by the Association of
Public Accountants and are not in conflict with financial services regulations;
c. has a system of quality assurance to ensure the firm, its accountants or employees
maintain an independent view;
d. is able to maintain confidentiality of the data and information provided by client; and
e. has at least one Partner who is also listed in the Financial Services Authority and heads the
partner firm.
5. a. Determining the bonuses and/or allowance of the members of the Board of
Commissioners for Financial Year 2019, with no more than 10% increase from the previous
year (Financial Year 2018), and assigning authority to Board of Commissioners Meeting to
allocate this.
b. Assigning authority to Board of Commissioners to determine the salary and/or allowance
of the members of the Board of Directors.

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 EGMS
Agenda 1 to 2

Voting results:
“Abstained” : --- votes

“Against” : 7,250,000 votes

“For” : 959,400,994 votes, or 99.25%, or more than 3/4 (Agenda 1) and 2/3
(Agenda 2), out of total valid votes made during the Meeting

Meeting Decisions:
1. Approving the use of over 50% of Company’s net worth as collateral to obtain acceptable
facilities from banks and/or other financial entities.

2. a. Approving the change of Article 3 of the Company’s Articles of Association regarding the
Company’s Goals, Objectives and Activities in accordance with Indonesian Standard
Industrial Classification 2017 as decided by the authorized party during the Meeting.

b. Assigning authority and power to Board of Directors, with substitution rights, to act upon
the decisions, including but not limited to state said decisions on deeds before Notary, to
modify, adjust and/or amend regulations stipulated in Article 3 of the Company’s Articles
of Association in accordance with Indonesian Standard Industrial Classification 2017 as
decided by the authorized party during the Meeting with relevant terms and policies, and
then submit request for approval and/or notify these Meeting decisions and/or
amendments to an authorized party, as well as taking all necessary actions while adhering
to relevant regulations

G. Cash Dividend Payment

In relation to the decision specified on the AGMS Agenda Number Three, we provide additional
information as follows:

Cum Dividend:
- Regular Market Trading : May 13, 2019
- Cash Market Trading : May 15, 2019

Ex-Dividend:
- Regular Market Trading : May 14, 2019
- Cash Market Trading : May 16, 2019

Recording Date : May 15, 2019

Cash Dividend Payment : May 22, 2019

Jakarta, May 7, 2019

Board of Directors
PT KABELINDO MURNI Tbk

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