PT Tower Bersama Infrastructure Tbk (TBIG) Holds Extraordinary General Meeting of Shareholders

JAKARTA, 12 November 2020 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") held its Extraordinary General Meeting of Shareholders (EGMS) today at the Company’s head office at the Convergence Indonesia in Jakarta. The EGMS was attended by the Company’s shareholders primarily through proxy and e-proxy and achieved the required quorum.

The EGMS approved the plan of the issuance foreign currency‐denominated bonds or notes in one or more issuances to be issued by the Company, that will be offered to investors outside of Indonesia that constitutes as a material transaction according to Financial Services Authority (OJK) Regulation No. No. 17/POJK.04/2020 regarding Material Transactions and Main Business Activity Changes.

The approval is valid for one year and the issuance of this bonds or notes gives funding alternatives for the Company.