PT M CASH INTEGRASI TBK

Digital Distribution Company

October 2017

Public Expose

2

Disclaimer

The information contained in this document is strictly confidential and has been prepared by PT M Cash Integrasi Tbk (“MCI” or the ”Company”) in connection with its proposed

offering and sale of its shares (the "Offering"). This document may not be taken away, reproduced or redistributed, in whole or in part, to any other person without the prior

written consent of the Company.

Any reference to particular proposed terms of the Offering is intended as a summary and not a complete description. Terms or characteristics may change before closing and

the Offering may not proceed. This document is not intended to provide and should not be relied upon for tax, legal or accounting advice, investment recommendations or a

credit or other evaluation of an investment in the Company. Prospective investors should consult their tax, legal, accounting or other advisers. Prospective investors should rely

only on the final offering memorandum which will contain material information relating to the Company not in this document. An investment in the Company will involve particular

risks — prospective investors should read and understand the explanations of relevant risks in the offering memorandum before making any decisions.

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information,

or opinions contained herein. None of the Company, the selling shareholder, the International Selling Agents or their respective advisors or representatives shall have any

responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in

connection with this presentation.

The third party information and statistical data in this presentation have been obtained from sources the Company believes to be reliable but there can be no assurance as to

the accuracy or completeness of the included information. This presentation may not contain all material information concerning the Company and the information set forth in

these materials is subject to change without notice. None of the Company, the selling shareholder or the International Selling Agents is under any obligation to update or keep

current the information contained herein. The contents of these materials have not been verified by the International Selling Agents. Accordingly, none of the International

Selling Agents, or their respective directors, officers or affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information

in this presentation, and nothing in this presentation is, or should be relied upon as, a promise or representation by any of them.

Certain statements in this document may constitute "forward-looking statements", including statements regarding the Company's expectations and projections for future

operating performance and business prospects. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business

strategies and the environment in which the Company will operate in the future. Such forward-looking statements speak only as of the date on which they are made.

Accordingly, the Company, the selling shareholder and the International Selling Agents expressly disclaim any obligation to update or revise any forward-looking statement

contained herein to reflect any change in the Company's expectations with regard to new information, future events or other circumstances. The Company does not make any

representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each

case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Accordingly, prospective purchasers should not place undue

reliance on any forward-looking statements.

This document is for information and convenient reference and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of or

solicitation or invitation of any offer to buy or subscribe for any securities of the Company. Any offer of securities will be made in or accompanied by a copy of the final offering

memorandum to be issued in respect of the Offering. Any purchase of securities should be made solely on the basis of the information contained in the final offering

memorandum. This presentation and the information contained herein are being furnished to you solely for your information and may not be reproduced or redistributed to any

other person, in whole or in part. In particular, neither the information contained in this presentation nor any copy hereof may be, directly or indirectly, taken or transmitted into or

distributed in any other jurisdiction which prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a

violation of the applicable securities laws. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained

herein, will not be accepted.

By reviewing these presentation materials, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company

and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

I Industry Outlook

Indonesia to be The Largest Digital Economy

in Southeast Asia

262 mio people, 5th largest nation by population

133 million internet users

The first mobile nation, 371 mio mobile subscriptions

To be Top 10 economy by 2030

Indonesian consumers are the 4th most optimistic in the world

4Source: Wearesocial.com, Unlocking Indonesia’s Digital Opportunity (McKinsey, 2016; Understanding the Indonesian Consumer (McKinsey, 2015); Nielsen

Global Survey of Consumer Confidence and Spending Intentions (2016)

Digital in Indonesia – January 2017

TOTAL

POPULATION

INTERNET

USERS

ACTIVE SOCIAL

MEDIA USERS

MOBILE

SUBSCRIPTIONS

ACTIVE MOBILE

SOCIAL USERS

262.0MILLION

URBANISATION: 55%

132.7MILLION

PENETRATION: 51%

106.0MILLION

PENETRATION: 40%

371.4MILLION

vs. POPULATION: 142%

92.0MILLION

PENETRATION: 35%

Figure represents

Total national

population including

children

Figure includes access

of fixed and mobile

connections

Figure represents active

user account on the

most active social

platform the country,

not unique users

Figure represents

mobile subscriptions,

not unique users

Figure represents active

user accounts on the

most active social

platform, not unique

users

5Source: Wearesocial.com

Indonesia to be a top 10 economy by 2030

Source: Understanding the Indonesian Consumer, McKinsey&Company (2015)

The New World Order

6

Indonesian consumers are one of the most optimistic

in the world

Rank 4th

7Source: Nielsen Global Survey of Consumer Confidence and Spending Intentions (2016)

Indonesia B2C e-commerce market grew by

50.2% CAGR11-16, the second highest after

China. It is projected to grow by another 50%

CAGR within the next 4 years (Source: e-Marketer).

Percentage of paying customers of mobile

game in Indonesia is 50% higher than those in

other surveyed countries, and tend to buy twice

higher than the normal consumers. According

to Badan Ekonomi Kreatif Indonesia, Indonesia

game market is estimated to reach USD700

mio in 2016 (Source: Unity Technologies, Detik)

Indonesia digital music revenue is estimated

to worth USD 4mio in 2017, while its user

penetration will jump, from 7.2% in 2017 to

23.8% by 2021 (Source: Statista.com)

IndonesiaDigital Market

Indonesia is one of the most growing market for digital products

8

Combined sales of data products of Indonesia

top 3 telco operators (TLKM, ISAT and EXCL)

posted +30.0% CAGR2Y to Rp59.8tr in 2016

and +27.6% YoY to Rp 38.9tr in 1H17 (Source: Companies, IDX, processed)

Telco Data

Game mobile

E-commerce

Digital music

However, there are some challenges remain…

9Source: Harvard Business Review (2017, MasterCard, Bank Indonesia, Vela Asia Online Shopper Survey)

Plotting the Digital Evolution Index, 2017How countries scored across four drivers* on the digital evolution index (out of

100)

Note: *) Stand Out countries are highly digitally advanced and exhibit high momentum. Stall Out

countries enjoy a high state of digital advancement while exhibiting slowing momentum. Break

Out countries are low-scoring in their current states of digitalization but are evolving rapidly.

Watch Out countries face significant challenges with their low state of digitalization and low

momentum; in some cases, these countries are moving backward in their pace of digitalization.

Undistributed Infrastructure.Internet access mostly concentrated in

the capital and provincial capitals.

High Preference for Offline

Transaction38.4% afraid of online fraud

32.7% prefer offline shopping

experience

Major Unbanked PopulationOnly 20% has bank account and 11%

owns credit/ debit card

Indonesia is still Cash SocietyAlmost 70% of consumer transaction

is paid by cash

Indonesia is classified as Break Out

Countries due to:

IndonesiaIndonesia

Digital Kiosk as a new business model

OFFLINE COMMERCEONLINE COMMERCE

76% of Indonesian People

buy things offline

only 24%* of Indonesian People

buy things online

*Note: Indonesia Digital Buyer Penetration Rate in 2016.

Source: Statista (2017)

Digital kiosk is a touch point where

user can do online transaction at offline

store

• Offering offline Physical Experience

(Physical Presence)

• Its modes of payment accommodates

bank and unbanked population

VS

10

I Company Profile

1212

To become a lifestyle platform, providing

physical and digital contents to help

people simplify their life.

Having an integrated business model,

combining state-of-the-art O2O platform and

IoT to enhance Company’s commercial

partner’s businesses and to support

Indonesian digital lifestyle.

Mission

Vision

M Cash as DIGITAL DISTRIBUTION Company

13

Organizational StructureShareholding Structure

Description

Before IPO After IPO

Number of

shares

Nominal value

(Rp)

Stake

(%)

Number of

shares

Nominal value

(Rp)

Stake

(%)

Authorized capital 2,603,800,000 260,380,000,000 2,603,800 260,380,000,000

Issued and fully paid capital

Martin Suharlie 78,114,000 7,811,000,000 12.0 78,114,000 7,811,000,000 9.0

PT 1 Inti Dot Com 182,266,000 18,227,000,000 28.0 182,266,000 18,227,000,000 21.0

PT Kresna Karisma Persada 65,095,000 6,510,000,000 10.0 65,095,000 6,510,000,000 7.5

PT Jas Kapital 78,114,000 7,811,000,000 12.0 78,114,000 7,811,000,000 9.0

PT Gratia Tujuhbelas Februari 39,057,000 3,906,000,000 6.0 39,057,000 3,906,000,000 4.5

PT Hero Intiputra 78,114,000 7,811,000,000 12.0 78,114,000 7,811,000,000 9.0

PT Kresna Usaha Kreatif 114,567,000 11,457,000,000 17.6 114,567,000 11,457,000,000 13.2

PT Pesona Indonesia Pertiwi 15,623,000 1,562,000,000 2.4 15,623,000 1,562,000,000 1.8

Public - - - 216,983,000 21,698,000,000 25.0

Total 650,950,000 65,095,000,000 100.0 867,933,000 86,793,000,000 100.0

Board of Commissioner and Director

Michael Steven

President Commissioner

Ipung Kurnia

Commissioner

Himawan Leenardo

Independent Commissioner

Martin Suharlie

President Director

Suryandy Jahja

Managing Director

Marwan Suharlie

Director

Mohammad Anis Yunianto

Independent Director

Rachel Siagian

Director & Corporate Secretary14

Commissioner

Director

Digital Kiosk

Distribution Channels

Apps/ChatbotsCashiers

.

Digital Wholesale

Networks

15

M Cash Mobile App

MCash Wallet

Easy top up via bank

transfer to M Cash

wallet to purchase our

products.

Points & Rewards

Point-based reward

system for every

transaction.

One Stop Solution

Providing basic

products such as

mobile reloads & biller

payments

16

Line & Telegram Bots

@M Cash

TELEGRAM

@MCashBot

LINE

MCash Wallet

Easy top up via bank

transfer to M Cash

wallet to purchase our

products.

Points & Rewards

Point-based reward

system for every

transaction.

One Stop Solution

Providing basic

products such as

mobile reloads & biller

payments

17

18

Kiosk Types

18

• Modern channels in small

spaces (convenience & mini

stores) and Traditional

channels

• Modern channels with large

space (hypermarkets,

supermarkets, shopping

centers & convenience stores)

• Special feature: card dispenser

(SIM card & e-money).

• Modern channels with large

space (hypermarkets,

supermarkets, shopping

centers & convenience

stores)

• Special features: card

dispenser (SIM card & e-

money) and bill acceptor

Version 3Version 2Version 1

Digital Kiosk Products

TELCO ELECTRONIC

VOUCHER

Telkomsel, Indosat, XL, Tri,

Bolt, etc

ENTERTAINMENT

Concert & show ticketing

system

TRANSPORTATION

Airplane, train, taxi & travel

service

BILLER & PAYMENT POINT

PLN, multifinance, PayTV, etc

GAMES VOUCHER

Indomog, Lyto, Gemscool, etc

TELCO SIM CARD

phone and internet

sim card

GIFT CARD

Physic voucher

and gift card

Top Up & BillersVending Machine

19

E-MONEY

e

TOP-UP

Grab Driver, e-money, etc.

KIOSK SETTLEMENT

With cashless payments, customer can directly settle

the payment at kiosk, avoiding queue at the cashier.

Cashless payment method that currently available are

Bill Acceptor, E-wallet and E-money.

20

Payment Alternatives

Customer has two payment alternatives

Transaction

success

20

Developed to accommodate both unbanked and

banked customers in Indonesia.

POS* SETTLEMENT

Payment methods available at POS

are Cash, Debit Card, Credit Card.

Customer gets a receipt and settles

the payment at cashier.

*) POS = Point of Sales

Customer Experience at Kiosk

Consumer

I want to top up my

mobile credit and I am

in a hurry!

Let’s use digital kiosk.

Order Receipt

with transaction

code will come

out from kiosk

Cashier

NICE!

Wow! Such a deal!

I would like to purchase

these products too!

I should take this and

settle the payment in

cashier

After the payment is

settled, the customer

can print the receipt at

POS or kiosk then

obtain the purchased

digital product.

KIOSK

RECEIPT ITEMSN: 123-456-789Top up will

directly credited

to your phone

Thank You

Hi! Thank you for using

our digital Kiosk. May I

have your transaction

code to settle your

payment?

21

GRABTambahkan penghasilan

Anda dengan menjadi

mitra pengemudi Uber

Daftar sekarang di kios Mcash!

22

Online Driver Registration

Providing physical infrastructure for online business services

Top-up Balance for Online Driver

GRAB

Future Plans

23

2018 2019 2020 2021 2022

• E-Money distributor

• Biggest e-commerce aggregator

• Restaurant Online Order

• Know Your Customer

• App & sustainable IOT

Digital distributor

champion

Kiosk as Marketing and

Promotion Tools

Developed Artificial

Intelligence

I Investment Highlights

• A proven track record in conducting business transformation and development through modern and flexible business model approach

• A vast national network with a comprehensive range of products and services to capture

Indonesia's large and growing market potential

• High capabilities Platform that can respond quickly to market dynamics

• Digital kiosk machines as an effective means of promotion to provide attractive source of income

• Strong support from shareholders and affiliates in the areas of business development, technology innovation, and access to the funding market

• High business growth prospect, supported by strong financial position

Investment Highlights

25

26

A proven track record in conducting business transformation and development through modern and flexible business model approach

2014 2015 2016 4M16 4M17

New

Management

New Sales

Strategy

Changed

Organization

Structure

New Business

Roadmap

Tax Amnesty

Participation

Business

Repositioning

Digital

Distribution

New

Shareholders

Secured

contracts

covering

1,426 stores

Net Profit

Gross

Margin

0.8% 0.5%

1.4% 1.4%

2.0%

Rp 287 mioRp 71 mio

Rp 2.8 bio

Rp 816 mio

Rp 3.2 bio

NET PROFIT

289.5%YOY

2017 2020

2727

A vast national network with a comprehensive range of products

and services to capture Indonesia's large and growing market

potential

Modern Channel Traditional Channel

31,900 Outlets 4.6 mio Outlets

1,000Kiosks

10,000Kiosks

Modern Channel 80 %

Traditional Channel 20%

Modern Channel 20 %

Traditional Channel 80%

Mobile Top Up Vouchers & SIM Cards

Billers

Tickets & Vouchers

Travel & Tours

28

High capabilities platform that can respond quickly to market dynamics

28

IT Team30 People

• Maintain platform

performance

• Innovate new products

and / or new business

opportunities

Biller-partner-operator

connection :

• Develop connection point

• Develop SKU Products

• Setting and categorized

Biller-partner-operator

• Manage transaction path and

customer database

Kiosk machine :

• Develop programs

• Set dashboard

transaction reports

• Set connection and

partner’s transaction

Sub network operations:

• Maintain transaction

connection and

transaction server

• Provide solution to

transaction complaint

• Maintain transaction

path stability

WHOLESALE

TEAMPRODUCT AND

TECHNOLOGY

Quick Response

to Changes

Cost and Time

Efficient

CHANGE FEATURE:

done in 2 weeks vs 6 weeks outsourced

2929

Digital kiosk machines as an effective means of promotion to provide attractive source of income

Advertisement inside

kiosk’s home page or

as a screen saver when

kiosk not in use.

Advertisement sticker

on kiosk’s machine

Popped out

Advertisement

every time user’s

finish a transaction

Standing Banner

Advertisement

nearby kiosk

Digital ecosystem enabler,

developer of Sevelin electronic

kiosk

30

Strong support from shareholders and affiliates in the areas of business development, technology innovation, and access to the funding market

30

Experienced in

telecommunication, trading and

turn around management

Martin

Suharlie

Founder of Indonesia modern

retail pioneer, 448 outlets** across

Indonesia

Providing access to funding

market and digital ecosystem

(9 million users*)

*) As of 30 June 2017

**) As of 31 December 2017

31

High business growth prospect, supported by strong financial position

31

30 People

Sales

Rp269.3bioN.Profit Rp3.2bio

Sales

Rp343.6bioN.Profit Rp71 mio

Sales

Rp386.4bioN.Profit Rp2.8bio

FY15

FY16

4M17

Total Assets: Rp106.6bio

(Net Cash: Rp45.0bio)

Equity 85.6%

Short-term

bank loans 9.5%

Other Liabilities 5.0%

Cash & Deposits

51.7%

Other Assets 46.1%

Fixed Assets 2.2%

APRIL 17

APRIL 17

Business

transformation

Expansive

Distribution

Channel

Online Platform

DevelopmentBusiness

SynergyAcquisition

I Growth Strategy

33

Growth Strategy

33

30 People

Evolution Proximity

Non Organic Partnership

Flexibility

2017: 1000 kiosks

2020: 10,000 KiosksFrom traditional to

digital Business

Forming an alliance with

big business groups• Telefast (April 2017)

• 24 Print (under review)

• Full Investment

• Revenue Sharing

• Franchise

• Rental

Partnership

34

Flexible Business Model

Revenue

Sharing

Full investment on kiosk

by Company without

rent fee. Partner gets

revenue sharing.

Franchise

Full investment on kiosk

by Partner without rent

fee. Kiosk is owned by

Partner.. Company gets

revenue sharing.

Full

Investment

Full investment on kiosk

and rent space by

Company. Revenue is

100% for Company

Rental

Full investment on kiosk

by Company. Partner

rents our kiosk to be

placed at their stores.

Company gets revenue

sharing.

Machine Investment

Venue Rental

Revenue

Machine Rental

P

-

C+P

-

C+P

-

C+P

-

C

-

C+P

P-

Full

Investment

Revenue

SharingFranchise Rental

C

1.

4.

2.

3.

Note:

C = Company (MCI);

P = Partner.

35

Non Organic Growth Strategy

SYNERGY

KIOSK + PRINTING + TELCO

36

TELCO

Telefast

Indonesia

51% 25 %

I Financial

Financial Highlights

38

225,7

343,6 386,4

106,6

269,3

2014 2015 2016 4M16 4M17

0,8

0,5

1,4 1,4

2,0

2014 2015 2016 4M16 4M17

0,4 0,5

3,6

0,9

4,0

2014 2015 2016 4M16 4M17

0,3 0,1

2,8

0,8

3,2

2014 2015 2016 4M16 4M17

Sales (Rpbio)

30.8%

CAGR2Y

Operating profit (Rpbio)

197.7%

CAGR2Y

Net profit (Rpbio)

210.1%

CAGR2Y

152.6%

YoY332.0%

YoY

289.5%

YoY

Gross margin (%)

39

Financial Highlights

4,8 4,6 15,4

106.6

2014 2015 2016 Apr-17

3,2 2,9

9,8

15.4

2014 2015 2016 Apr-17

1,6 1,7 5,6

91.2

2014 2015 2016 Apr-17

0,7 0,2 2,2

45,0

2014 2015 2016 Apr-17

Total assets (Rpbio)

79.1%

CAGR2Y

Total equity (Rpbio)

88.3%

CAGR2Y

590.0%

YTD

1,525.4%

YTD

Net cash (Rpbio)Total liabilities (Rpbio)

70.0%

CAGR2Y

1,982.2%

YTD74.5%

CAGR2Y

56.5%

YTD

40

Financial Highlights

47,3

9,0

38,5

49.4

2014 2015 2016 Apr-17

1,5 1,6 1,6

6,5

2014 2015 2016 Apr-17

Current ratio (x)* Net cash to asset (%)*

Interest coverage ratio (x) Net cash to equity (%)*

15,5

3,3

14,0

42.2

2014 2015 2016 Apr-17

411 550

3.643

109

2014 2015 2016 4M17

*) Including restricted deposit

Profit and Loss

41

In Billion Rupiah 2014 2015 2016 4M16 4M17

Sales 225.7 343.6 386.4 106.6 269.3

Cost of sales 223.9 341.8 381.1 105.1 263.8

Gross profit 1.9 1.8 5.3 1.5 5.5

Operating expenses 1.5 1.3 1.7 0.5 1.5

Operating income 0.4 0.5 3.6 0.9 4.0

Others income (expenses) 0.0 (0.4) 0.1 0.2 0.3

Pre-tax profit 0.4 0.2 3.7 1.1 4.4

Tax expenses 0.1 0.1 0.9 0.3 1.2

Net profit 0.3 0.1 2.8 0.8 3.2

In Billion Rupiah 2014 2015 2016 4M17

ASSETS

Cash & its equivalents 0.7 0.1 2.2 34.1

Trade receivables 1.0 0.4 9.1 14.7

Inventories 3.0 4.0 4.2 18.5

Other current assets - - - 2.2

Total current assets 4.8 4.5 15.4 69.5

Fixed assets - net 0.0 0.0 0.0 2.4

Restricted deposits - - - 21.0

Other non current assets 0.0 0.0 0.0 13.7

Total non current assets 0.1 0.0 0.0 37.1

Total assets 4.8 4.6 15.4 106.6

LIABILITIES

Short-term bank loans - - - 10.1

Trade payables 2.9 2.5 - -

Other current liabilities 0.2 0.3 9.7 3.9

Total current liabilities 3.1 2.8 9.7 14.0

Employee benefits liabilities 0.1 0.1 0.1 0.3

Other non current liabilities 0.1 0.1 0.1 1.1

Total Liabilities 3.2 2.9 9.8 15.4

EQUITY

Capital stocks 0.5 0.5 0.5 3.8

Additional paid-in-capital - - 1.2 80.4

Retained earnings 1.1 1.2 3.9 7.0

Total Equity 1.6 1.7 5.6 91.2

Financial Position

42

43

2014 2015 2016 4M17

Liquidity

Current ratio* (x) 1.5 1.6 1.6 6.5

Quick ratio* (x) 0.5 0.2 1.2 5.0

Cash ratio* (x) 0.2 0.1 0.2 3.9

Solvability

Debt to asset ratio** (%) - - - 9.5

Debt to equity ratio** (%) - - - 11.1

Net cash to equity ratio** (%) 47.3 9.0 38.5 49.4

Interest coverage ratio (x) 411 550 3,643 109

Activity

Receivable turnover (Days) 1.6 0.4 8.5 6.5

Inventory turnover (Days) 4.9 4.2 3.9 8.4

Payable turnover (Days) 4.7 2.7 - -

Cash conversion cycle (Days) 1.7 1.9 12.4 15.0

Profitability

Gross margin (%) 0.8 0.5 1.4 2.0

EBITDA margin (%) 0.2 0.2 0.9 1.5

Operating margin (%) 0.2 0.2 0.9 1.5

Net margin (%) 0.1 0.0 0.7 1.2

Return on assets (%) 6.0 1.5 17.9 3.0

Return on equity (%) 18.1 4.3 49.2 3.5

Financial Ratios

*) Including restricted deposit

**) Debt = interest bearing liabilities

I Transaction Overview

4545

Offering Summary

Company/ Issuer PT M Cash Integrasi Tbk (“MCI” or the ”Company”)

Listing venue Indonesia Stock Exchange (“IDX”)

Offering structure 25% of the issued or maximum 216,983,300 shares

Employee stock allocation 10% of the total shares offered or maximum 21,698,300 shares.

Issued shares 100% issued capital or 867,933,300 shares post listing.

Nominal price Rp. 100,- per share

IPO price range Rp. ● - Rp. ●

Dividend policy Maximum 20% of net income

Use of proceeds

• 60% for working capital

• 30% for the purchase of machines, softwares and other IT infrastructures

• 10% for competence improvement, including human capital

Underwriters PT Kresna Sekuritas and PT Trimegah Sekuritas Indonesia Tbk

6 -13 October

20 October

24 October – 26 October

30 October

30 October

30 October

31 October

Bookbuilding period

OJK registration statements effective

Offering period

Refund

Payment to Company

Shares Distribution

Listing at IDX

October 2017

S T W T F S S

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

30 31

46

Indicative Timeline

27 October Allotment

Underwriters

Public AccountantKOSASIH, NURDIYAMAN, MULYADI, TJAHJO & PARTNER

(MEMBER OF CROWE HORWATH INTERNATIONAL)

Legal Consultant MARSINIH MARTOATMODJO ISKANDAR LAW OFFICE

BENEDICTUS DARMAPUSPITA & REKAN

PT RAYA SAHAM REGISTRA

DR. IRAWAN SOERODJO, SH, MSI

Appraiser

Securities Administration

Bureau

Notary

47

Supporting Professions

THANK YOU