Information on Stock Corporate Action In 2023
In 2023, the Company carried out Capital Increase Without Pre-emptive Rights (Non-Pre-emptive Right) in the context of implementing the Management and Employee Stock Ownership Program (MESOP Program) as follow: 
- MESOP Program Phase I Period II on the period of 15-22 May 2023, amounted to 18.307.058 new shares with an exercise price of Rp590,-; and
- MESOP Program Phase II Period I on the period of 15-22 May 2023, amounted to 20.122.506 new shares with an exercise price of Rp450,-. 

In relation to such MESOP Program implementation, the number of outstanding shares of the Company as of December 31, 2023 amounted to 8.106.700.622 shares from previously 8.068.271.058 shares. The share price at the close of stock market prior and after the MESOP Program exercise, which are on May 12, 2023 and May 23, 2023, were Rp414,- and Rp390,-

Suspension and/or Delisting of Shares
In 2023, the Company was not subject to sanctions related to or delisting of shares on the stock exchange due to violations of capital market regulations.

Information on Bonds, Sukuk, and/ or Convertible Bonds
In the first quartal of 2023, the Company carried out a Public Offering of TBS Energi Utama Bond I Year 2023 with a principal amount of IDR500,000,000,000.00 (five hundred billion Indonesian Rupiah) listed on the Indonesia Stock Exchange on 6 March 2023.

Under Indonesian law the declaration of dividends is made by a resolution of the shareholders at the GMS upon the recommendation of the Board of Directors.

The Company may declare dividends in any year if it has positive retained earnings. Prior to end of financial year, an interim dividend may be distributed so long as it is permitted under the Company’s Articles of Association and provided that the interim dividend does not result in its net assets becoming less than the total issued and paid up capital and taking into account allowances for compulsory reserves as required in the Company Law (UUPT). Such distribution is determined by the Company’s Board of Directors after first being approved by its Board of Commissioners. The Company intends to pay dividends at a rate of at least 30% of its total comprehensive income attributable to equity holders of the Company starting from 2012, after taking into account allowances for Compulsory Reserves.

The rate of dividends will be subject to the Company’s cash flow, investment plans, liquidity condition, future business prospects and other factors considered relevant by its Board of Directors and regulatory restrictions and other requirements. In addition, the Companys’ ability to declare dividends will depend on the terms of its loan covenants.

To the extent a decision is made to declare dividends, dividends will be paid in Rupiah. Holders of the Shares on the applicable record dates will be entitled to the full amount of dividends approved, subject to any Indonesian withholding tax imposed. Dividends received by a non- Indonesian Holder of Shares will be subject to a maximum of 20% Indonesian withholding tax. The Company’s dividend policy is a statement of present intention and not legally binding as it is subject to modification at the Board of Director’s discretion.