CASH DIVIDEND DISTRIBUTION TO SHAREHOLDERS OF PT INDONESIA KENDARAAN TERMINAL Tbk

According to the decision made in the Annual General Meeting of Shareholders (AGMS) for the fiscal year 2023 held on June 10, 2024, at the Indonesia Maritime Museum, Tanjung Priok, North Jakarta, it has been approved that the Company will distribute cash dividends to the Company's Shareholders amounting to 80% of the Company's Net Profit for the Fiscal Year 2023, which is equal to Rp152,683,875,722.00 (One Hundred Fifty Two Billion Six Hundred Eighty Three Million Eight Hundred Seventy Five Thousand Seven Hundred Twenty Two Rupiah), distributed as dividends to shareholders according to the percentage of share ownership of each shareholder. Where Rp39,236,506,498.00 (Thirty-Nine Billion Two Hundred Thirty-Six Million Five Hundred Six Thousand Four Hundred Ninety-Eight Rupiah) has been distributed as interim dividends, leaving the final dividends to be distributed amounting to Rp113,447,369,224.00 (One Hundred Thirteen Billion Four Hundred Forty-Seven Million Three Hundred Sixty-Nine Thousand Two Hundred Twenty-Four Rupiah), or a total dividend per share of Rp83.97.
In this regard, the Company announces the Schedule and Procedures for the Distribution of Cash Dividends for the Fiscal Year 2023 as follows:

I.    The Cash Dividend Distribution Schedule 

• June 10, 2024 : AGMS Implementation Date;
• June 12, 2024 : The report on the results of the AGMS is accompanied by a summary of the minutes of the AGMS on the Indonesia Stock Exchange website and the Company's website;
• June 12, 2024 : Announcement of the schedule and mechanism for the distribution of final cash dividend on IDX’s website and the Company’s website;
• June 19, 2024 : End of Cum Dividend Trading Period in Regular Market and Negotiated Market;
• June 24, 2024 : Start of Ex Dividend Trading Period in Regular Market and Negotiated Market;
• June 24, 2024: The date for recording the shareholders who are entitled to final cash dividend (“Recording Date”);
• June 24, 2024 : Cum Dividend in Cash Market;
• June 25, 2024 : Ex Dividend in Cash Market;
• July 12, 2024 : Payment of final cash dividend.

II.    Distribution Mechanism for Final Cash Dividend

1. This announcement shall serve as the official announcement from the Company and the Company will not issue any separate announcement to the shareholders;
2. The final cash dividend will be distributed to the shareholders listed in the Company’s List of Shareholders on the Record Date (May 16, 2024) until 16.00 WIB;
3. The shareholders whose shares are recorded in the collective custody of Kustodian Sentral Efek Indonesia (“KSEI”) will receive the final cash dividend through the holders of the accounts at KSEI. The written confirmation on distributed final cash dividend will be submitted by KSEI to the securities firms and/or custodian banks, and the shareholders will subsequently receive the information on the matter from the respective securities firm and/or custodian bank of their account;
4. The distribution of the final cash dividend will be deducted by the Company's Income Tax (PPh) in accordance with the applicable Tax Regulations;
5. The provisions of income tax deduction on the distribution of the final cash dividend to foreign shareholders (foreign tax payers) are:

• The income tax deduction for the shareholders domiciled in the countries with no tax treaty with the government of Indonesia shall refer to Article 26 of Income Tax Law, in which the withholding tax rate is 20% (twenty percent) of gross amount;
• For shareholders of the Company who are domiciled in countries that have signed a Tax Treaty with the Government of Indonesia, the provisions as regulated in the relevant Tax Treaty shall apply, namely generally imposing lower tax withholding rates. However, to take advantage of the P3B facility, the shareholders of the Company concerned must comply with the requirements of the Director General of Taxes Regulation No. PER25/PJ/2018 concerning Procedures for Application of Double Taxation Avoidance Agreement by submitting a document of record evidence or receipt of DGT/SKD that has been uploaded to the Directorate General of Taxes website to KSEI or the Securities Administration Bureau of PT Raya Saham Registra in accordance with KSEI's rules and regulations . Without this document, the dividend paid will be subject to Article 26 Income Tax of 20% (twenty percent).

The slips of the tax withheld from the payment of final cash dividend for both the shareholders recorded at KSEI collective custody (scripless) can be obtained from the Company’s Bureau of Securities Administration

Jakarta, June 12, 2024
PT INDONESIA KENDARAAN TERMINAL Tbk.
Board Of Director