Astra RUPST: Dividend Payment of Rp8.6 Trillion

Astra RUPST: Dividend Payment of Rp8.6 Trillion

JAKARTA: PT Astra International Tbk (the Company) on Tuesday (16/6) held the Annual General Meeting of Shareholders (the Meeting or RUPST). The Board of Directors of the Company hereby informed the summary of the 2020 Annual Meeting of Shareholders as follows:

1. First Agenda

Approve and accept the Annual Report for financial year 2019, including ratify the Board of Commissioners Supervision Report and ratify the Consolidated Financial Statements of the Company and Subsidiaries for financial year 2019 which has been audited by the Public Accountant Firm Tanudiredja, Wibisana, Rintis & Rekan as stated in their report dated 27 February 2020 rendering the opinion of fairly stated in all material respects.

2. Second Agenda

Approve the consolidated net profit of the Company for financial year ending at 31 December 2019 amounting to Rp. 21,706,612,774,053.- to be appropriated as follows:

1. (1) an amount of Rp. 8,663,480,371,960 or Rp. 214 per share to be distributed as cash dividend, which include an interim dividend of Rp. 57.- per share or a total of Rp. 2,307,562,528,980.- which has been paid on 30 October 2019, as such the remaining in the amount of Rp. 157 per share or a total of Rp. 6,355,917,842,980 will be paid on 10 July 2020 to the Company’s Shareholders whose names are registered in the Company’s Register of Shareholders on 26 June 2020 at 16:00 Western Indonesian Time;

(2) authorize the Board of Directors of the Company to carry out the dividend distribution and to do all necessary actions. The dividend payment will be made with due observance to the prevailing tax, Indonesia Stock Exchange and other Capital Market regulations; and

b. the remaining, an amount of Rp. 13,043,132,402,093 to be recorded as retained earnings of the Company.

3. Third Agenda

a. (1) Accept the resignation of Mr. Muhamad Chatib Basri and Mr. Akihiro Murakami, both of them as Independent Commissioners of the Company;

(2) Appoint:

a. Mr. Rahmat Waluyanto as Independent Commissioner of the Company, replacing Mr. Muhamad Chatib Basri;

b. Mr. Apinont Suchewaboripont as Independent Commissioner of the Company, replacing Mr. Akihiro Murakami;

(3) Appoint:

1. Mr. Djony Bunarto Tjondro as President Director
2. Mr. Johannes Loman as Director
3. Mr. Suparno Djasmin as Director
4. Mr. Chiew Sin Cheok as Director
5. Mr. Gidion Hasan as Director
6. Mr. Henry Tanoto as Director
7. Mr. Santosa as Director
8. Ms. Gita Tiffani Boer as Director
9. Mr. FXL Kesuma as Director
10. Mr. Prijono Sugiarto as President Commissioner
11. Mrs. Sri Indrastuti Hadiputranto as Independent Commissioner
12. Mr. Anthony John Liddell Nightingale as Commissioner
13. Mr. Benjamin William Keswick as Commissioner
14. Mr. Mark Spencer Greenberg as Commissioner
15. Mr. Benjamin Birks as Commissioner

as of the closing of this Meeting for a term of office as stipulated in the Articles of Association of the Company, therefore, the composition of the members of the Board of Directors and the Board of Commissioners of the Company are changed and become as follows:

Board of Directors of the Company:

President Director : Djony Bunarto Tjondro

Director : Johannes Loman

Director : Suparno Djasmin

Director : Chiew Sin Cheok

Director : Gidion Hasan

Director : Henry Tanoto

Director : Santosa

Director : Gita Tiffani Boer

Director : FXL Kesuma

as of the closing of this Meeting until the 2023 Annual General Meeting of Shareholders of the Company.

Board of Commissioners of the Company:

President Commissioner : Prijono Sugiarto

Independent Commissioner : Sri Indrastuti Hadiputranto

Independent Commissioner : Rahmat Waluyanto

Independent Commissioner : Apinont Suchewaboripont

Commissioner : Anthony John Liddell Nightingale

Commissioner : Benjamin William Keswick

Commissioner : Mark Spencer Greenberg

Commissioner : John Raymond Witt

Commissioner : Stephen Patrick Gore

Commissioner : Benjamin Birks

as of the closing of this Meeting until the 2023 Annual General Meeting of Shareholders of the Company, except for Mr. John Raymond Witt and Mr. Stephen Patrick Gore until the 2022 Annual General Meeting of Shareholders of the Company.

b. (1) Authorize the Board of Commissioners to determine the salary and benefit of the members of the Board of Directors of the Company with due observance to the policy of the Nomination and Remuneration Committee of the Company; and

(2) Determine that the honorarium for the entire members of the Board of Commissioners of the Company will be in the maximum amount of Rp. 1.6 billion gross per month, to be paid 13 times in one year, effective as of 1 July 2020 until the closing of the 2021 Annual General Meeting of Shareholders, and authorize the President Commissioner to determine the distribution of such honorarium amount among the members of the Board of Commissioners of the Company, with due observance to the opinion of the Nomination and Remuneration Committee of the Company.

4. Fourth Agenda

1. Appoint public accountant firm Tanudiredja, Wibisana, Rintis & Rekan, a member of the PricewaterhouseCoopers network of firm, which is a public accountant firm registered with Financial Services Authority, to conduct an audit of the Financial Statements of the Company for financial year 2020; and

2. Authorize the Board of Directors of the Company to determine the honorarium and other terms and conditions of the appointment of such public accountant firm in accordance with applicable laws and regulations.”

President Director of PT Astra International Tbk Djony Bunarto Tjondro expressed his gratitude to all stakeholders for fully supporting Astra so that Astra is able to keep performing its best in building the nation and improve its performance from year to year to be able to distribute cash dividend of Rp214 per share or in total amount of Rp8.6 trillion.

For further information, please contact:

Boy Kelana Soebroto

Head of Corporate Communications

PT Astra International Tbk

Ph.021-508-43-888

About Astra:

PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the company’s initial public offering (IPO), the name of the company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII.

Astra has developed its business by implementing a business model based on synergies and diversification within seven business segments, consisting of: 1) Automotive, 2) Financial Services, 3) Heavy Equipment, Mining, Construction & Energy, 4) Agribusiness, 5) Infrastructure and Logistics, 6) Information Technology and 7) Property.

Astra conducts business operations in all parts of Indonesia under the management of more than 235 subsidiaries, joint ventures and associates companies, and was supported by more than 216,000 employees, as of March 2020.

As one of the largest national business groups today, Astra has built a strong reputation through offering a range of quality products and services, taking into account the implementation of good corporate governance and environmental governance. Astra always aspires to be the pride of the nation that participates in efforts to improve the welfare of the Indonesian people.

Therefore, Astra's business activities strive to apply a balanced mix in the commercial aspects of business and non-business contributions through 9 foundations and a variety of sustainable social responsibility programmes Astra Untuk Indonesia Sehat, Astra Untuk Indonesia Cerdas, Astra Untuk Indonesia Hijau and Astra Untuk Indonesia Kreatif.

Astra initiated the Semangat Astra Terpadu Untuk (SATU) Indonesia Awards programme, which has entered a decade this year, and has given recognition awards to 305 young Indonesians, consisting of 59 national level recipients and 246 provincial level recipients in the fields of Health, Education, the Environment, Entrepreneurship and Technology, which are integrated with Astra’s wide range of community activities through 87 Kampung Berseri Astra and 645 Desa Sejahtera Astra initiated in 34 provinces throughout Indonesia.

For further information, please visit www.astra.co.id & www.satu-indonesia.com, and follow Astra through Instagram (@SATU_Indonesia), Youtube (SATU Indonesia), Facebook (Semangat Astra Terpadu) and Twitter (@SATU_Indonesia).