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INVESTIN

BOUNTIFULINDONESIANovember2017

INVESTIN

BOUNTIFULINDONESIANovember2017

Indonesia’s Stable Economic Growth

6.48

4.74

5.06

4

5

6

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2011 2012 2013 2014 2015 2016 2017

GDPGrowth AverageGrowth

Average Growth2011-2016=5.44

Source:StatisticIndonesia,Bloomberg

25yearsofcapitalmarket

1992 2017

BankingAssetsIndonesia USD13,414bio USD 528bio

(Aug-2017) 39x

MarketCapitalizationIndonesia USD 1,835bio USD504bio

(7-Nov-2017) 275x

ASEAN CapitalMarketIndices 7 Nov2017

Indonesia 274.24 6,060.45 2110%

Thailand 893.42 1,712.58 92%

Malaysia 643.96 1,750.94 172%

Singapura 1524.40 3,413.10 124%

Source:IDX,BankIndonesia,Bloomberg

Indonesia’s Financial Industry Development

GLOBA

L

235.66% 185.72%

151.93% 142.05%

102.81%

82.66% 77.45%

59.72% 45.23%

33.16% 20.77% 16.94%

7.85%

Indonesia

Philippines

Thailand

India

Germany

US:S&P500

SouthKorea

Malaysia

Japan

China:Shanghai

UnitedKingdom

Singapore

Australia

2006-7 Nov2017(10Y+)

10 Years Absolute Return

Source:Bloomberg

IDX OFFERSTHE HIGHEST

MARKET RETURNAMONG WORLD

MAJOR EXCHANGESFOR LONG TERM INVESTOR

The Positioning

559408

or70.5% alllistedcompaniespostedanincrease inshareprice

151

or29.6% ofalllistedcompaniespostedan

decreaseinshareprice

ListedCompaniesSep 2017

companies

companies

10 Years + IDX Stock Return

Source:IDXDataEOY2006– September2017

35663.7%

31356.0%

21438.3%

14025.0%

8815.7%

avgp.a.above

40%avgp.a.above

30%avgp.a.above

20%avgp.a.above

10%avgp.a.above

5%

Countries Tax on Sale of listed shares

Indonesia 0.1% Final Income Tax

Singapore Individual: Taxed up to 22% on gains3

Corporate: up to 17% tax on gains

Thailand Resident: 20% on the gainNon-resident: 15% on the gain

Malaysia Individual: up to 28% on gainsCorporate: 24% on gains

Philippines On-market transaction5 : 0.5% of the grossOff-market transaction5: up to 10% on gains

Indonesia: Friendly Tax Regime

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In line with the effort to develop Indonesia Capital Market Industry, Indonesia Stock Exchange (IDX)supported by Indonesia Securities Companies Association (APEI) committed to educate anddevelop the industry towards better way. The goal is not only focussing on increasing new investorbut also the need to invest in the capital market, which will indirectly increase the number of activeinvestors in the Indonesia capital market.

NATIONAL CAMPAIGNON CAPITAL MARKET INDUSTRY

Backgrounds

The level of understanding (literacy) of Indonesian society on capital market and utility level ofcapital market products were very low and were the mallest compared to 5 other financial servicesindustries in Indonesia

The Indonesia Capital Market then...

Based on the condition of the literacy rate and the number of investors in the Indonesia capitalmarket, IDX creates a strong and national-scale capital market campaign’s concept with the aim ofincreasing public awareness of Indonesian capital market, under the title "Yuk Nabung Saham" orshare saving program.

The concept of "saving" refers to the paradigm of Indonesian society that is Saving Society. Thiscampaign use simple and attractive language, but it raises people's curiosity. "Yuk Nabung Saham"is a persuasive campaign for public as a potential investor to invest in capital market by buyingShares regularly and periodically.

The Idea

The Vice President of Indonesia launched the campaign on 12 November 2015 at Indonesia Stock Exchange

Campaign Launching

TreeShare-savingislikeplantingatree.Ithasto benourishedsothatonedayitwill growwell. Itrequirespatienceforinvestmenttogrow

TreetrunkShapedforpersuasiveword

GreenRepresentprosperity

GoldRepresentwealth

The Logo

Campaign Strategies

IDX cooperates with the Listed Company, Securities Company, Investment Manager, IDXRepresentative Offices, IDX Investment Gallery at universities and Investor Communities acrossIndonesia in doing various education and marketing activities related to this campaign.

27 à 34Representative

Offices

318 à 400Investment Galleries

305 Universities

6Go Public

Information Center

368Investor Communities

Live Daily from IDX• Ch 100 Indovision• Ch 398 First Media • Ch 101 StarHub Singapore

Actively Expanding Distribution Network

Asof8November2017

• SecuritiesCompanies(37)

NO PERUSAHAANTERCATAT NO PERUSAHAANTERCATAT

1 PTUnileverIndonesiaTbk. 12 PTMidiUtamaIndonesiaTbk.2 PTAnekaTambang(Persero)Tbk. 13 PTIndustridanFarmasiSidoMunculTbk3 PTBankPembangunanJawaTimur

Tbk.14 PTWijayaKaryaTbk.

4 PTChitoseInternationalTbk. 15 PTGrahaLayarPrimaTbk5 PTTelekomunikasiIndonesiaTbk. 16 PTJasaMarga(Persero)Tbk.6 PTTriBanyanTirtaTbk. 17 PTXLAxiataTbk.7 PTGarudaIndonesiaTbk. 18 PTKalbeFarmaTbk.8 PTAstraInternationalTbk. 19 PTProdiaWidyahusadaTbk.9 PTBankMaspionIndonesiaTbk. 20 PTNipponIndosariCorporindoTbk10 PTIndofoodCBPSuksesMakmurTbk. 21 PTSarigunaPrimatirtaTbk11 PTBankMandiri(Persero)Tbk.

• ListedCompanies(21)

Campaign Partners

PTIndosuryaMandiriSekuritas PTMNCSekuritas

PTBahanaSekuritas PTNHKorindoSekuritas Indonesia

PTBCASekuritas PTNISPSekuritas

PTBNISekuritas PTOSOSecurities

PTCIMBSekuritasIndonesia PTPacific2000Sekuritas

PTDanareksaSekuritas PTPanin Sekuritas Tbk

PTDhanawibawaSekuritasIndonesia PTPhillipSekuritas

PTErdhikaElitSekuritas PTPhintraco Sekuritas

PTFACSekuritasIndonesia PTProfindo Sekuritas Indonesia

PTHenanPuthiraiSekuritas PTRelience Sekuritas IndonesiaTbk

PTIndo PremierSekuritas PTRHBSecuritiesIndonesia

PTJasaUtamaCapitalSekuritas PTSamuelSekuritasIndonesia

PTKiwoomSekuritasIndonesia PTSinarmasSekuritas

PTKresnaSekuritas PTSucorSekuritas

PTMandiriSekuritas PTTrimegahSekuritasIndonesiaTbk

PTMaybankKimEngSecurities PTUniversalBrokerIndonesiaSekuritas

PTMegaCapitalSekuritas PTUOBKayHianSekuritas

PTMinnaPadiInvestamaSekuritasTbk PTValburySekuritasIndonesia

PTMiraeAsetSekuritasIndonesia

The Achievement

Since the campaign launched in November 2015, the campaign has provided significant support tothe increasing number of retail investors and the number of active investors in the capital market.

From OJK data in 2016 compared to the previous survey in 2013, the level of literacy and inclusionof capital markets increased by 16.09% and 1,036.36%.

Source:Indonesia’Financial ServicesAuthority- 2016

AsofOctober2017

Activity and Distribution Investor

2013-Sep2017,thousandtimes

Average Daily Number of Trade

Source:WFE

2013-Sep2017,USDmillions

Average Daily Turnover

Source:WorldFederationofExchanges

BULAN

TURNOVERVELOCITY

ALL

ID CP FD IB IS MF PF SC OT

Individual Corporate Foundation Bank Insurance MutualFund

PensionFund Securities Others

TOTAL

Jan-17 45.9% 254.9% 30.4% 19.6% 50.2% 45.9% 6.4% 5.0% 84.4% 15.1%

Feb-17 54.5% 303.3% 34.5% 11.1% 52.7% 62.8% 4.6% 5.1% 152.4% 19.1%

Mar-17 62.3% 271.3% 41.3% 17.4% 87.7% 71.5% 5.2% 6.2% 308.9% 13.4%

Apr-17 61.2% 300.4% 51.5% 20.1% 51.2% 57.7% 13.1% 5.7% 170.5% 25.4%

May-17 58.8% 238.4% 40.7% 24.0% 85.6% 68.5% 6.8% 5.2% 329.3% 15.4%

Jun-17 38.2% 134.5% 30.4% 18.2% 52.2% 60.1% 5.1% 3.7% 153.4% 21.9%

Jul-17 44.6% 156.6% 34.7% 18.1% 54.5% 70.4% 5.3% 3.5% 198.0% 26.8%

Aug-17 47.2% 197.3% 34.8% 17.1% 55.7% 63.5% 6.2% 4.2% 223.4% 12.9%

Sep-17 42.6% 169.3% 30.2% 12.1% 63.0% 55.6% 5.6% 2.7% 195.9% 12.8%

Average 50.6% 225.1% 36.5% 17.5% 61.4% 61.8% 6.5% 4.6% 201.8% 18.1%

Turnover Velocity Based on Investor Type

*TurnoverVelocityonlycalculateMarketCapofScriptless Shares

37.06% 35.51% 36.21% 45.51% 47.77%

62.94% 64.49% 63.79% 54.49% 52.23%

2013 2014 2015 2016 End ofSep-17

Foreign

Domestic

Ownership

TradingActivity

57.97% 59.42% 56.79% 63.23% 63.40%

42.03% 40.58% 43.21% 36.77% 36.60%

2013 2014 2015 2016 Jan-Sep '17

Foreign

Domestic

AsignificantchangeindomesticinvestorspercentagehasturnedupsinceTax

AmnestyProgram

Investors Composition in Equity Market

Source:IDX

Dec 2016 Sep 2017

Equity Investor 514.248 600.489

New Equity Investor 136.555 86.241

Daily Average Trade Value USD 509 million(minus BBCA crossing) USD 547 million

Delta of Daily Avg. Trade Value from Prev. Year USD 75 million USD 38 million

New Investor Contribution 62,7% 54,2%

New Individual Investor Contribution 13,3% 22,6%

New Investor Trade Contribution

Can The Bull Protect Us in 2018?

• Increase Fund Raising Capacity

• Increase Market Liquidity(Volume, Value, Frequency)

IDX Focus 2018

1. Stable Economic Growth2. Capital Market’s Agressive Growth3. “Resistant” to Political Turmoil4. Highest Market Return for Long Term Investor5. Potential New Listed Companies6. Strong Growth of Domestic Individual Investor7. Credible Stock Exchange8. Variety of Capital Market Products

Key Issues

ThankYou