Astra’s Annual General Meeting of Shareholders: Share Dividends of Rp8.6 Trillion

Astra’s Annual General Meeting of Shareholders: Share Dividends of Rp8.6 Trillion

JAKARTA: PT Astra International Tbk (Astra or the Company) today on Thursday (25/4) holds the Annual General Meeting of Shareholders (the Meeting or RUPST). In the meeting, several things have been decided as follows:

1. First Agenda

Approve changes to the Articles of Association Article 1 paragraph (1) regarding the place of domicile and Article 3 regarding Purpose and Objective and Business Activities.

2. Second Agenda

Approve and receive well the Annual Report of the 2018 fiscal year, including authorize the Company’s Board of Commissioners Supervision Report, as well as authorize the Company and Subsidiaries’ Consolidated Financial Report of the 2018 fiscal year that has been audited by Public Accounting Firm of Tanudiredja, Wibisana, Rintis & Partners as it is stated in their report on February 27 th , 2019, with fair opinion on all material aspects.

3. Third Agenda

Approve the usage of the Company’s consolidated nett profit for the fiscal year that ends on December 31 st , 2018, in the amount of Rp21,672,899,305,709 as follows:

1. (1) The amount of Rp8,668,743,233,868.2 or Rp214.13 per share is shared as cash dividend, including internal dividend in the amount of Rp60 per share or in total amount of Rp2,429,013,188,400 that has been paid on October 31 st , 2018, and therefore, the rest in the amount of Rp154.13 per share or in total amount of Rp6,239,730,045,468.2 will be paid on May 24 th , 2018, to the Company’s Shareholders whose names are registered in the Company’s List of Shareholders on May 8 th , 2019, at 4.00 PM.

(2) Give authority to the Company’s Board of Directors to share the dividend and to do any action needed. Dividend payment will be done in regard to the provisions of tax, Indonesia Stock Exchange, and other prevailing provisions of the capital market; and

2. The remaining amount of Rp13,004,156,071,840.8 is booked as retained earnings of the Company

4. Fourth Agenda

1. (1) Receive resignation:

1. Mr. Takayuki Yoshitsugu as the Company’s Independent Commissioner;

(2) Promote:

a. Mr. Akihiro Murakami as the Company’s Independent Commissioner;

b. Mr. John Raymond Witt as the Company’s Commissioner;

c. Mr. Stephen Patrick Gore as the Company’s Commissioner;

d. Mr. FXL Kesuma as the Company’s Director;

(3) Appoint Mr. Djony Bunarto Tjondro as the Company’s Vice President Director; as of the closing of this Meeting for the term as determined by the Company’s Articles of Association, therefore, the arrangement of the Company’s Board of Directors and Board of Commissioners have changed as follows:

Company’s Board of Directors:

President Director : Prijono Sugiarto

Vice President Director : Djony Bunarto Tjondro

Director : Johannes Loman

Director : Suparno Djasmin

Director : Bambang Widjanarko Santoso

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 Company’s 2020 Annual General Meeting of Shareholders.

Company’s Board of Commissioners:

President Commissioner : Budi Setiadharma

Independent Commissioner : Muhamad Chatib Basri

Independent Commissioner : Sri Indrastuti Hadiputranto

Independent Commissioner : Akihiro Murakami

Commissioner : Anthony John Liddell Nightingale

Commissioner : Benjamin William Keswick

Commissioner : Mark Spencer Greenberg

Commissioner : David Alexander Newbigging

Commissioner : John Raymond Witt

Commissioner : Stephen Patrick Gore

as of the closing of this Meeting until the Company’s 2020 Annual General Meeting of Shareholders, except for:

• Mr. Muhamad Chatib Basri until the Company’s 2021 Annual General Meeting of Shareholders, and
• Mr. Akihiro Murakami, Mr. John Raymond Witt, and Mr. Stephen Patrick Gore until the Company’s 2022 Annual General Meeting of Shareholders.

2. (1) Give authority to the Company’s Board of Commissioners to arrange the salaries and allowances of the Company’s Board of Directors, in regard to the policy of the Company’s Nomination and Remuneration Committee; and

(2) Arrange for all of the Company’s Board of Commissioners, the honorarium allocation with a maximum amount of Rp1.5 billion gross per month that is paid 13 times in a year, as of May 1 st , 2019, until the closing of the 2020 Annual General Meeting of Shareholders, and give authority to the President Commissioner to arrange the division of the honorarium allocation between the Company’s Board of Commissioners, in regard to the opinion from the Company’s Nomination and Remuneration Committee.

5. Fifth Agenda

1. Appoint the public accounting firm of Tanudiredja, Wibisana, Rintis & Partners, firm network members of PricewaterhouseCoopers, which is the public accounting firm registered in the Financial Service Authority, to audit the Company’s Financial Report of the 2019 fiscal year; and

2. Give authority to the Company’s Board of Directors to arrange the honorarium amount and other requirements in regard to the appointment of the public accounting firm in accordance with prevailing provisions.

President Director of PT Astra International Tbk Prijono Sugiarto expresses 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 give cash dividends of Rp214.13 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 PT Astra International Tbk:

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 229 subsidiaries, joint ventures and associates, and is supported by 224,488 employees, as per March 2019.

As one of the national biggest group corporations at the moment, Astra has built its strong reputation through offering a range of high-quality products and services, with regard to the implementation of good corporate governance and environmental governance. Astra continually aspires to become a corporate citizen that is a pride of the nation, one who is actively involved in the national efforts to improve the welfare of the Indonesian people. To this end, Astra runs business activities by a balanced combination of the business’ commercial interests and non-business contributions through 9 foundations it nurtures, also through ongoing social responsibility programs focused on four basic areas: health, education, environment and small and medium enterprises development.

For more info, please visit www.astra.co.id & www.satu-indonesia.com.