August 31, 2018

Announcement of The Lucas Djaja Stock Taking Plan

The Board of Directors of PT PHAPROS TBK ("Phapros") hereby announces that Phapros intends to take over direct shares from the shareholders of PT LUCAS DJAJA (the "Company") in accordance with and subject to a conditional share sale and purchase agreement dated 29 August 2018 with more of 50% shares in the Company, resulting in a shift of control over the Company ("Takeover Plan").

For creditors who wish to submit objections to the Takeover Plan, can submit in writing to the Board of Directors of the Company with the address as stated below within no later than 14 (fourteen) days from the date of this announcement. After passing the period the creditor is deemed to approve the Takeover Plan.

This announcement was made to comply with the provisions of Article 127 paragraph (2) jo (8) of Law Number 40 of 2007 concerning Limited Liability Companies.



Jl. Ciwastra RT. 07 RW. 06,

Margasari, Buah Batu, Kota Bandung,

Jawa Barat, Indonesia


Jakarta, August 30th 2018

Board of Directors