Ceremonial on Initial Public Offering

PRIME STOCK LISTING OF PT PELITA SAMUDERA SHIPPING TBK

INDONESIA STOCK EXCHANGE

05 DECEMBER 2017

PT Pelita Samudera Shipping Tbk is officially listed at Indonesia Stock Exchange (IDX) on Tuesday, December 5, 2017. The company code is PSSI and listed as the 31st public listed company this year. Overall, the company became the 561th issuer listed on IDX.

The Company released 1.006 billion shares to the public. The offered price is IDR 135 per share with nominal value of IDR 100. PT PSS Tbk also allocates shares for employees on Employee Stock Allocation (ESA) program. In this program, the company allocates 1 percent of the total shares offered in the Initial Public Offering of 10.6 million shares. The price offered will be equal to the Initial Public Offering price.

The Company also exercises a Management Stock Option Plan (MSOP) program with a maximum of 4.73 percent of the issued and fully paid capital of the company or at most 250 million shares.

Preparation of this IPO has been done since 7 months ago by appointing institutions and capital market professions as follows:

  1. Underwriter   : PT BCA Sekuritas
  2. Legal Consultant : Makes and Partners
  3. Notary :  Ir. Nanette Cahyanie Handari Adi Warsito SH
  4. Biro Administrasi Efek : PT Datindo Entrycom
  5. KAP Public Accountant firm : Tanudiredja, Wibisana, Rintis and Partners

The ceremonial event of the initial listing of shares that was held on December 5, 2017 began at 08:45 am, opened by President Director of PT Bursa Efek Indonesia Mr. Tito Sulistio followed opening speech by President Director of PT Pelita Samudera Shipping Tbk Mr. Iriawan Ibarat continued handed over a certificate of share listing by the President Director of PT Bursa Efek Indonesia to the President Director of PT Pelita Samudera Shipping Tbk followed by reading the profile of the issuer along with stock information.

Tito Sulistiyo, President Director of Indonesia Stock Exchange gave speech at Initial Public Offering listing on December 5, 2017

Iriawan Ibarat, President Director of PT Pelita Samudera Shipping Tbk gave speech at Initial Public Offering listing on December 5, 2017

Opening touch screen at the IDX trade by Iriawan Ibarat, President Director and Hamid Awaluddin, Independent Commissioner of PT Pelita Samudera Shipping Tbk

Souvenir exchange between Iriawan Ibarat, President Director PT Pelita Samudera Shipping Tbk dan Samsul Hidayat, Director of Corporate Valuation Indonesia Stock Exchange

Followed by a press conference held for 15 minutes attended by 15 journalists, immediately after was a live show interview with IDX Chanel, a television station for business and financial news. The guests who attended the event were capital market supporting institutions and professions, customers and employees of PT Pelita Samudera Shipping Tbk. The IPO step is part of the company’s strategy for sustainable growth in the provision of integrated logistics and transportation solutions for miners and coal industry players. The Company will continuously invest in tugs and barges and floating loading facilities as well as investing in the bigger fleet such as mother vessels and tankers. To increase market share, the Company plans to diversify its business other than coal, such as the transportation of palm oil.