Chronology of Share Listing

The shareholders approved, among others, the initial offering of Company shares to the public. After the public offering, the total number of issued shares of the Company became 598,881,000 shares.

Issuance of convertible bonds with a total nominal value of USD75 million with an interest rate of 6.75% per year on the Luxembourg Stock Exchange at 100% initial price, with an original maturity in 2001. The Euro Bonds were convertible into common shares starting from 1 August 1991 to 20 May 2001, at the initial conversion price of Rp14,450 per share with a fixed exchange rate of Rp1,946 for USD1.

Issuance of 8,555,640 shares through partial conversion of Euro Bonds with a principal value of USD35,140,000. The remaining bonds of USD39,860,000 were fully paid in 1994.
Increase in authorized capital from Rp750 billion to Rp2 trillion and issuance of one bonus share for every share held by shareholders or a total of 599,790,020 bonus shares.

Split the par value of the Company’s shares from Rp1,000 per share to Rp500 per share. Accordingly, the number of issued shares increased from 1,207,226,660 shares to 2,414,453,320 shares.

Increase in the Company’s authorized capital from Rp2 trillion, which was divided into 4 billion shares with par value of Rp500 per share, to Rp4 trillion, which was divided into 8 billion shares with the par value of Rp500 per share.
Issuance of 69,863,127 common shares to Marubeni Corporation as a result of receivable conversion into Company equity (debt-to-equity swap).

Offer of Pre-emptive Rights (HMETD) to purchase 1,895,752,069 new shares at an execution price of Rp1,200 per share. Shareholders who did not exercise their preemptive rights were given an option to receive Warrants C under certain terms
and conditions. The total number of shares issued as a result of exercising the preemptive rights were as follows:
- 1,196,874,999 shares to Kimmeridge Enterprise Pte. Ltd., a
  subsidiary of Heidelberg Materials; and 32,073 shares to public shareholders.
- The total number of shares issued for the exercise of Warrant C was 8,180 shares.
Shares buyback was conducted gradually for a maximum of Rp3 trillion. The number of repurchased shares shall not Shares buyback was conducted gradually for a maximum of Rp3 trillion. The number of repurchased shares shall not exceed 20% of the paid-up capital, was carried out in stages starting from 6 December 2021. As of 31 December 2021, the treasury shares was amounting to 131,420,600 shares or equivalent to 3.6% of the Company’s shares.

In 2022, The Company repurchased 118,737,700 shares. Therefore, the total of repurchase done by the Company until 31 December 2022 was 250,158,300 shares or equals to 6.8%.

The Company’s shares buyback was conducted in accordance with the Resolution of the Extraordinary General Meeting of Shareholders held on 14 May 2024. Shares buyback period was carried out from 15 May to 31 December 2024, was
81,099,500 shares. Therefore, the total treasury shares of the Company as of 31 December 2024 was 331.257.800 shares.