ANNOUNCEMENT ANNUAL GENERAL MEETING OF SHAREHOLDERS OF THE 2019 FISCAL YEAR PT PHAPROS Tbk

Referring to the announcement of the postponement of the Annual General Meeting of Shareholders for Fiscal Year 2019 (hereinafter referred to as "Meeting") of PT Phapros Tbk (hereinafter referred to as "the Company") on April 2, 2020, it is hereby notified to the Shareholders of the Company, that the Meeting will be held in Jakarta on Thursday, June 25, 2020.

Shareholders entitled to attend the Meeting are those whose names are registered in the Register of Shareholders of the Company and / or shareholders of the Company in the securities sub account of PT Kustodian Sentral Efek Indonesia (KSEI) at the close of trading of the Company's shares on the Indonesia Stock Exchange (BEI) on June 2 2020

Shareholders who are entitled to attend the Meeting are given the opportunity to authorize their attendance and vote electronically by using e-proxy on the eASY.KSEI platform which can be accessed through the page www.easy.ksei.co.id.

Based on the provisions of the Articles of Association of the Company and Financial Service Authority Regulation No. 15 / POJK.04 / 2020, summons for the Meeting will be announced on the Indonesia Stock Exchange's website www.idx.co.id, KSEI's website www.ksei.co.id and the Company's website www.phapros.co.id on June 3, 2020.

Refer to the provisions in article 16 POJK No. 15 / POJK.04 / 2020, 1 (one) or more shareholders representing 1/20 (one per twenty) or more of the total shares with voting rights can propose meeting agenda in writing to the Board of Directors no later than 7 (seven ) the day before the invitation to the Meeting, which is on May 27, 2020, by including the reasons and material for the proposed agenda of the meeting as referred to in accordance with the applicable laws and regulations.

Jakarta, 19 May 2020

PT Phapros Tbk

Board of Directors