PT Tower Bersama Infrastructure Tbk ("TBIG") Holds Annual General Meeting of Shareholders and Announces 2017 Total Cash Dividend of Rp750 billion

Posted on 27th April 2018

Jakarta, 27 April 2018 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") held its Annual General Meeting of Shareholders (AGMS) today at The Westin Hotel in Jakarta. The AGMS was attended by the Company’s shareholders and achieved the required quorum.

The financial statements and Annual Report for the year ending December 31, 2017 were accepted, ratified as well as approved in the AGMS.

The AGMS approved the Final Cash Dividend of Rp750 billion, therefore the allocation of net profit for Financial Year 2017 is as follows: Rp1 billion allocated for general reserves, Rp750 billion allocated as Final Cash Dividend for Financial Year 2017 and the remaining amount allocated to Retained Earnings. The Final Cash Dividend will be paid on 24 May 2018 to all shareholders on record as of the close of business on 11 May 2018 with cum dividend (last trading day entitled to receive dividend) on 7 May 2018.

The AGMS also refreshed the Company’s share buyback approval. Shareholders approved plans to repurchase a maximum of 204,000,000 shares of the Company on the Indonesia Stock Exchange (4.5% of the issued shares). As per OJK regulations, these shares can be bought back through the stock exchange and the approval is valid for 18 months from 30 April 2018 until 30 October 2019. The maximum amount to be used for the shares buyback is Rp1.2 trillion, including transaction, brokerage and other costs to be incurred.

The AGMS approved plans for the issuance of US Dollar denominated notes to be issued by a fully-owned subsidiary of the Company, through an offering to investors outside of the Republic of Indonesia, which constitutes as a material transaction in accordance with the Financial Services Authority’s Regulation (formerly Bapepam) No. IX.E.2 Attachment to the Chairman of Bapepam-LK’s Decree No. KEP-614/BL/2011 dated 28 November 2011 regarding Material Transactions and Changes to the Company’s Main Activity.

In addition, the AGMS authorized the Board of Commissioners to appoint a Public Accountant to audit the Company’s Financial Statement for the Financial Year ending on 31 December 2018. The Board of Commissioners was also authorized to determine the salary and benefits for members of the Board of Directors as well as the salary or honorarium and benefits accorded to the Board of Commissioners for the financial year 2018.

About PT Tower Bersama Infrastructure Tbk:
PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.

For more information contact:

Corporate Secretary:

Helmy Yusman Santoso – Tower Bersama Group

Telp. (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

Investor Relations:

Veronica Jordan

Telp. (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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