PT Perusahaan Gas Negara Tbk : Announcement of Meeting Summary AGMS PGN 2022

ANNOUNCEMENT OF MEETING SUMMARY OF THE

ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT PERUSAHAAN GAS NEGARA Tbk

In order to comply with the provisions of Article 49 of the Financial Service Authority Regulation No. 15/POJK.04/2020 regarding the Plan and Implementation of General Meeting of Shareholders for an Issuer or Public Company, Board of Directors of PT Perusahaan Gas Negara Tbk (the "Company") hereby announces Minutes Summary of the Annual General Meeting of Shareholders of the Company held on May 30th, 2023 at 13:17 WIB at Auditorium Graha PGAS, Lantai 2, Jl. KH. Zainul Arifin No. 20, Jakarta 11140 (the "Meeting"), as follows:

Members of Board of Directors and Board of Commissioners who attended the Meeting:

President Director	:	M. Haryo Yunianto
Director of Finance and Risk Management	:	Fadjar Harianto Widodo
Director of Strategy and Business Development	:	Heru Setiawan
Director of Infrastructure dan Technology	:	Achmad Muchtasyar
Director of Sales and Operations	:	Faris Aziz
Director of HR and Business Support	:	Beni Syarif Hidayat
President Commissioner	:	Arcandra Tahar
Independent Commissioner	:	Christian H. Siboro
Commissioner	:	Luky Alfirman
Commissioner	:	Warih Sadono
Independent Commissioner	:	Paiman Raharjo
Independent Commissioner	:	Dini Shanti Purwono

The Meeting was represented by 18.316.232.689 of shares including Series A Dwiwarna Shares, with legal vote rights or equal to 75,5573149% of total shares with legal vote rights which have been issued by the Company.

Rules of the Meeting:

• The meeting was chaired by the President Commissioner based on the letter of appointment of the Board of Commissioners No. Kep-15/D-KOM/2023 dated on May 23rd, 2023.
• In any discussion of the agenda of the Meeting, the Shareholders are given the opportunity to ask questions in accordance with the agenda of the meeting.
• The mechanism of decision making in the Meeting were adopted in a mutual deliberation basis for consensus. In case a mutual deliberation for consensus is failed to reach a decision, the resolutions of the Meeting were adopted by voting. The Company has appointed the independent parties namely Securities Administration Bureau PT Datindo Entrycom and Notary Office of Ir. Nanette Cahyanie Handari Adi Warsito, SH to count and/or validate the votes of the Meeting.

The Meeting Resolutions are as follows:

First Agenda	Approval of the Company's Annual Report Year 2022 and the Annual Report on Social and
	Environmental Responsibility Year 2022 as well as the Board of Commissioners Supervisory Report
	Year 2022.
Number of Shareholders	There are no questions from Shareholders.
who Ask Questions
The result of the decision	Affirmative Votes	Abstain Votes	Disapproving Votes
making
17.944.455.777 votes	362.265.212 votes	9.511.700 votes
	(97,9702326%)	(1,9778369%)	(0,0519304%)
Resolution	Approved the Company's Annual Report including Board of Commissioners Supervisory Report Year
	2022 and Implementation Report on Social and Environmental Responsibility Year 2022 as well as
	provide full release and discharge (volledig acquit et de charge) to all the members of the Board of
	Directors for their actions of managing the Company and Board of Commissioners for their actions

of supervising the Company that have been carried out during the year ending December 31, 2022, as long as these actions are not considered as criminal act and has been reflected in the Company's report.

Second Agenda

Ratification of the Company's Financial Statements Year 2022 and the Financial Statements of the Micro and Small Business Funding Program Year 2022, and to provide full release and discharge to every member of the Board of Directors and the Board of Commissioners for their action and supervision during 2022.

Number of Shareholders who Ask Questions

There are no questions from Shareholders.

The result of the decision making

Affirmative Votes

17.941.830.477 votes

(97,9558995%)

Abstain Votes

364.540.512 votes

(1,9902592%)

Disapproving Votes

9.861.700 votes

(0,0538413%)

Resolution

Ratified the Consolidated Financial Statements of the Company which has been audited by the Public Accounting Firm, Purwantono, Sungkoro & Surja (a member firm of Ernst & Young) as stated in the report no. 00746/2.1032/AU.1/02/1726-1/1/IV/2023 dated April 13, 2023 with a "reasonable, in all material aspects" opinion and ratified the Financial Statements of the Micro and Small Business Funding Program of the Company Year 2022 which ended on December 31, 2022 which is part of the Social and Environmental Responsibility Report which has been audited by the Public Accounting Firm, Purwantono, Sungkoro & Surja (a member firm of Ernst & Young) as stated in the report no. 00576/2.1032/AU.2/11/1726-1/1/III/2023 dated March 31, 2023 with a "reasonable, in all material aspects" opinion as well as provide full release and discharge (volledig acquit et de charge) to all the members of the Board of Directors for their actions of managing the Company and Board of Commissioners for their actions of supervising the Company on the Micro and Small Business Funding Program Year 2022 as long as these actions are not considered as criminal act and has been reflected in the Company's report.

Third Agenda

Number of Shareholders who Ask Questions

Approval of the distribution of the Company's net profit, including the Dividend for Year 2022.

There is 1 (one) question from Shareholders.

The result of the decision making

Affirmative Votes

18.093.246.202 votes

(98,7825745%)

Abstain Votes

222.984.787 votes

(1,2174162%)

Disapproving Votes

1700 votes

(0,0000093%)

Resolution

1. Approved the Company's net profit for year 2022 in the amount of USD326,239,697 as follows:
2. 1. USD228.367.788, distributed as dividends to Shareholders in accordance with the portion of share ownership in the Company and paid in cash in Rupiah using the Bank Indonesia middle exchange rate according to the date of the Annual GMS for Year 2022 no later than 30 (thirty) days after being determined on this Annual GMS.
   2. USD97,871,909 as Retained Earning including to support the Company's operation and development activities.
3. Grants authority and power to the Directors of the Company with the right of substitution to set
4. 1. schedule and regulate the procedure for the distribution of such dividends in conformity with the stock exchange's prevailing regulations where the Company's shares are listed.

Fourth Agenda

Approval of the Tantiem for the Board of Directors and the Board of Commissioners Year 2022, as well as Salary/Honorarium, Facility and Allowance for Year 2023.

Number of Shareholders who Ask Questions

There are no questions from Shareholders.

Affirmative Votes	Abstain Votes	Disapproving Votes

	The result of the decision	18.020.046.711 votes	242.207.687 votes	53.978.291 votes
	making	(98,3829318%)	(1,3223663%)	(0,2947019%)
	Resolution	Grants authority and power to Majority Series B Shareholder to determine the amount of
		tantiem/performance incentive/special incentive for year 2022, as well as to determine the
		salary/honorarium, allowance and facility for the Board of Directors and Board of Commissioners
		for year 2023, after prior consulting with Ministry of State Owned Enterprises as Series A Dwiwarna
		Shareholder.
	Fifth Agenda	Approval of the appointment of Public Accountant to audit the Consolidated Financial Statements
		for Year 2022, PSA 62 Compliance Audit, Small Medium Enterprise Funding Financial Report Audit
		related to the Partnership and Community Development Program for Year 2022 and Applied
		Procedures on the Report of the Results of Corporate KPI Performance Evaluation for Year 2022.

Number of Shareholders who Ask Questions

There are no questions from Shareholders.

The result of the decision making

Affirmative Votes

17.189.492.845 votes

(93,8484083%)

Abstain Votes

223.039.487 votes

(1,2177149%)

Disapproving Votes

903.700.357 votes (4,9338768%)

Resolution

1. Approved the appointment of the Purwantono, Sungkoro and Surja Public Accounting Firms (a member of the Firm of Ernst & Young) to Audit the Consolidated Financial Statements for Financial Year 2023, PSA 62 Compliance Audit, Audit the Financial Statements of Micro and Small Business Funding related to the Social and Environmental Responsibility Program and Applied Procedures on the Report of the Results of Corporate KPI and Individual KPI Performance Evaluation for Year 2023.
2. Grants authority and power to the Board of Commissioners to determine the amount of compensation for the audit services of the Public Accounting Firm that has been approved in Decision number 1 and the addition of the required scope of work and other requirements that are reasonable for the Public Accounting Firm.
3. Grants authority and power to the Board of Commissioners with prior approval from Majority Series B Shareholder to:
4. 1. Appoint a substitute Public Accountant and/or Public Accounting Firm if the appointed Public Accounting Firm is unable to complete the audit for whatever reason based on the provisions and regulations of the capital market.
   2. Determine the conditions, requirements for the appointment and compensation of the substitute Public Accounting Firm.

Sixth Agenda	Ratification on the Minister of State-Owned Enterprises Regulations:
	a.	No. PER-01/MBU/03/2023 on Special Assignments and Social and Environmental Responsibility
		Programs for State-Owned Enterprises;
	b.	No. PER-02/MBU/03/2023 on Guidelines for Governance and Significant Corporate Activities of
		State-Owned Enterprises;
	c.	No. PER-03/MBU/03/2023 on Organs and Human Resources of State-Owned Enterprises.
Number of Shareholders	There are no questions from Shareholders.
who Ask Questions
The result of the		Affirmative Votes		Abstain Votes		Disapproving Votes
decision making
	18.091.936.002 votes		224.235.987 votes		60.700 votes
		(98,7754213%)		(1,2242473%)		(0,0003314%)
Resolution	To approve the ratification or confirmation of enactment on the Minister of State-Owned Enterprises
	Regulations as follows:
	a. MSOE Regulation	No. PER-01/MBU/03/2023 on Special	Assignments and Social and
		Environmental Responsibility Programs for State-Owned Enterprises;

1. MSOE Regulation No. PER-02/MBU/03/2023 on Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises;
2. MSOE Regulation No. PER-03/MBU/03/2023 on Organs and Human Resources of State-Owned Enterprises,

including all of its amendments.

Seventh Agenda

Number of Shareholders who Ask Questions

The result of the decision making

Changes of the Composition of the Company's Management.

There are no questions from Shareholders.

Affirmative Votes	Abstain Votes	Disapproving Votes
13.884.122.456 votes	539.198.087 votes	3.892.912.146 votes
(75,8022826%)	(2,9438264%)	(21,2538911%)

Resolution

1. Honorably discharge the member of Board of Directors:

a. Mr. M. Haryo Yunianto	:	President Director
b. Mr. Heru Setiawan	:	Director of Strategy and Business Development

2. Appointed as member of Board of Directors:

a.	Mr.	Arief	Setiawan	:	President Director
	Handoko
b.	Mr. Harry Budi Sidharta	:	Director of Strategy and Business Development

1. Dismissal and appointment of members of the Company's Board of Directors as referred to point 1 and 2 to be determined in the Company's GMS by taking into account the provisions of the Company's Articles of Association and applicable laws and regulations.
2. The results of the determination of the GMS regarding the dismissal and appointment of members of the Board of Directors of the Company should be submitted to the Ministry of SOEs through the updating of BUMN HC Portal data as stipulated in Article 54 paragraph (4) of the MSOE Regulation No. PER-3/MBU/03/2023 Concerning Organs and Human Resources of State Owned Enterprises.

Furthermore, in connection to the resolution in the Third Agenda as mentioned above where the Meeting has decided that the dividend is paid using the Company's net profit in which in the amount of USD326,239,697 will be distributed in cash to the Shareholders, thus it is hereby notified that the Schedule and Procedure of Cash Dividend Distribution for Year 2022 are as follows:

No.			REMARKS		DATE
1.	End of	Share Trade Period	with Dividend Right (Cum	Dividend)
	• Regular Market and Negotiation			June 9th ,2023
	• Cash Market			June 13th, 2023
2.	Beginning	of Share Trade Period	without Dividend Right (Ex	Dividend)
	• Regular Market and Negotiation			June 12th, 2023
	• Cash Market			June 14th, 2023
3.	Recording Date of Shareholders who are entitled to Dividends (Recording Date)	June 13th, 2023
4.	Date of Cash Dividend Payment for Fiscal Year 2022		June 28th, 2023

Schedule of Cash Dividend Distribution:

1. The Cash dividend will be paid to the Shareholders whose shares are in the List of Shareholders of Company (Recording Date) on (June 13th, 2023) and/or the Shareholders whose shares are in the securities account in PT Kustodian Sentral Efek Indonesia (KSEI) on the closing of trading period on June 13th, 2023.
2. The Shareholders whose shares were collected in the securities account in KSEI, cash dividend will be paid through KSEI and will distributed in the securities account of securities company and/or bank custody on June 28th, 2023. The evidence of cash dividend payment will be sent by KSEI to Shareholders through Securities Company or bank custody where Shareholders

open their account. The payment of cash dividend will be transferred to Shareholders account for Shareholders whose shares were not collected in the securities account in KSEI.

3. The cash dividend paid to Shareholders who is:

1. Domestic Corporate Taxpayer, or
2. Domestic Individual Taxpayer,

is non taxable and Company does not witheld income tax from the amount of the dividend which becomes the right of such Shareholders based on Clause 2A (5) Government Regulation No. 9/2021 concerning Tax Treatment to Support the Ease of Doing Business.

However if the recipient who is Domestic Individual Taxpayers does not meet the requirements under Regulation of Ministry of Finance No. 18/PMK.03/2021 the cash dividend is taxable and tax burden shall be paid by the recipient based on the prevailing tax law.

1. The cash dividend paid to Shareholders who is considered as Foreign Taxpayers, will be subject to Article 26 Income Tax at a rate of 20%. To get benefit of reduce Income Tax rate as mentioned in Double Tax Agreement, Shareholders shall meet the Requirement under Regulation of DGT No. PER-25/PJ/2018 concerning Procedures for Application of Double Taxation Avoidance Agreement and provide submission receipt of Certificate of Residence in the form of correct ad complete DGT which has been uploaded to the Directorate General of Taxes website to KSEI or BAE in accordance with KSEI rules and regulations.
2. Shareholders can obtain dividend payment confirmation through securities company and/or custodian bank where the such Shareholder opens a security account, then the shareholder shall be responsible to report the dividend income in Annual Income Tax Filing for the tax year concerned.

Jakarta, May 30th, 2023

PT Perusahaan Gas Negara Tbk

The Board of Directors