PT Indika Energy Tbk : News Release 2019 AGMS Result

NEWS RELEASE

FOR IMMEDIATE DISTRIBUTION

22 April 2020

INDIKA ENERGY 2019 ANNUAL GENERAL SHAREHOLDERS MEETING

RESULTS

Indika Energy declared cash dividend of US$ 30 million

JAKARTA - PT Indika Energy Tbk. (IDX: INDY) shareholders today have approved all the agenda during the company's Annual General Shareholders Meeting, including the followings.

1. The AGM Approved Indika Energy financial statement for year ended December 31, 2019
2. The AGM approved to give the authority to Board of Commissioners of the company to appoint Public Accountant to perform audit the company financial statement for year ended December 31, 2020
3. The AGM approved to declare and distribute cash dividend of US$30 million from the company's retained earnings or US$0.005758 per share to the shareholders. The cash dividend will be distributed on May 20, 2020
4. The AGM approved changes in the Board of Commissioners and Board of Directors. The new composition of Board of Directors and Board of Commissioners are as follows:

Board of Commissioners
President Commissioners	: Agus Lasmono
Vice President Commissioners	: Richard Bruce Ness
Commissioners	: Indracahya Basuki
Independent Commissioners	: Farid Harianto
Independent Commissioners	: Eko Putro Sandjojo
Board of Directors
President Director	: M. Arsjad Rasjid P.M.
Vice President Director	: Azis Armand
Director	: Retina Rosabai
Director	: Purbaja Pantja
Director	: Kamen Kamenov Palatov

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3rd Floor,

NEWS RELEASE

ABOUT INDIKA ENERGY

PT Indika Energy Tbk. ("Indika Energy") is Indonesia's leading integrated energy company through its strategic investments in the areas of Energy Resources - coal production (PT Kideco Jaya Agung, PT Multi Tambangjaya Utama); coal trading (Indika Capital Investment Pte. Ltd.); Energy Services - EPC - oil & gas (PT Tripatra Engineers & Constructors, PT Tripatra Engineering); EPC - contract mining (PT Petrosea Tbk. (IDX: PTRO).); Energy Infrastructure - marine transportation, ports & logistics for bulk goods and natural resources (PT Mitrabahtera Segara Sejati Tbk. (IDX: MBSS), PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia); fuel storage (PT Kariangau Gapura Terminal Energi); coal-fired power plant (PT Cirebon Electric Power and PT Prasarana Energi Cirebon); Other Portfolios - gold production (Nusantara Resources Limited), IT enterprise (PT Xapiens Teknologi Indonesia), digital technology services (PT Zebra Cross Teknologi)

www.indikaenergy.co.id

FURTHER INFORMATION

Ricardo Silaen, CFA - Head of Investor Relations

Nicky Kurniawan - Corporate Finance Analyst

1. [e-mail] [phone] ext 18360

DISCLAIMER

This news release may contain certain financial information, projections, plans, strategies, and objectives of PT Indika Energy Tbk., that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law.

Neither PT Indika Energy Tbk., its affiliates nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements in this communication.

This news release is for information only and is not an offer to sell or an invitation to buy any securities and neither this news release nor anything herein forms the basis for any contract or commitment whatsoever.

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