Certain Ordinary Shares of PT Segar Kumala Indonesia Tbk are subject to a Lock-Up Agreement Ending on 29-JUL-2023. These Ordinary Shares will be under lockup for 358 days starting from 5-AUG-2022 to 29-JUL-2023.

Details:
Based on POJK No. 25 of 2017, all parties who acquire the Company's shares at an exercise price below the price of the Initial Public Offering within a period of 6 (six) months prior to the submission of registration to the OJK, the parties are prohibited from transferring part or all of the Company's shares owned for up to 8 (eight) months after the registration statement in connection with the Initial Public Offering becomes effective.

The Company's former shareholders, Michael Iksan Susilo, Hendro Susilo, Ng Sin Seng, Sutomo, Lay Vina, Fabian Mardi, and Farrell Nobel, acquired the Company's shares at a nominal price lower than the Offer Price. Where Lay Vina, Fabian Mardi, and Farrell Nobel acquire the shares within a period of less than 6 months prior to the submission of the Registration Statement to the OJK, Lay Vina, Fabian Mardi, and Farrel Nobel are prohibited from transferring part or all of the ownership of the Company's shares until 8 months after the Registration Statement becomes effective in accordance with the provisions of OJK Regulation No. 25 of 2017 concerning Restrictions on Shares Issued Prior to a Public Offering.

The Controlling Shareholder of the Company, in this case Hendro Susilo, is willing not to transfer his shares at least 12 (twelve) months after the Company's Share Registration Statement becomes effective.