Certain Ordinary Shares of PT Barito Renewables Energy Tbk are subject to a Lock-Up Agreement Ending on 30-MAY-2024. These Ordinary Shares will be under lockup for 238 days starting from 5-OCT-2023 to 30-MAY-2024.

In accordance with the provisions of OJK Regulation no. 25/POJK.04/2017 concerning Restrictions on Shares Issued Before a Public Offering ("POJK No. 25/2017"), BRPT and GE are shareholders of the Company who are prohibited from transferring part or all of their ownership of the Company's shares up to 8 (eight ) months after the registration statement for the Initial Public Offering becomes effective (" Lock Up Period "). In connection with the pledge of the Company's shares given by GE, to avoid violations of POJK No. 25/2017, execution of share pledges can only be carried out after the end of the Lock Up Period. In the event of an execution of the pledge of Company shares owned by GE during the Lock Up Period, there is a potential violation of the provisions as regulated in POJK No.