Reference is made to the announcements of PT ABM Investama Tbk dated October 20, 2022, and November 3, 2022, in relation to its invitation to holders of its outstanding 9.500% Senior Notes due 2026 to tender their Notes for purchase for cash up to a maximum aggregate principal amount USD 40,000,000, being the Maximum Acceptance Amount. The Offer was made on the terms and subject to the conditions set forth in a tender offer memorandum dated as of October 20, 2022. As of October 20, 2022, the aggregate principal amount of the Notes outstanding was USD 200,000,000.

The company hereby confirms the expiration of the Offer as of 23:59 p.m., New York time, on November 17, 2022. As previously announced on November 3, 2022, holders of Notes had validly tendered and not validly withdrawn at or prior to the Withdrawal Deadline USD 193,480,000 in aggregate principal amount of the Notes, being 96.74% of the aggregate outstanding principal amount of the Notes, as of 5:00 p.m., New York time, on November 2, 2022. No further Notes were tendered after the Early Tender Time.

All Notes that were validly tendered at or prior to the Early Tender Time and not validly withdrawn at or prior to 5:00 p.m., New York time, on November 2, 2022 and accepted for purchase will be subject to proration. Payment for such Notes is anticipated to occur on November 23, 2022. The company will determine the aggregate principal amount of a Holder's validly tendered Notes accepted for purchase by multiplying such Holder's tender by the proration factor of 22.361%, and rounding the product down to the nearest integral multiple of USD 1,000.

The Notes will only be accepted for purchase by the Company in minimum principal amounts of USD 200,000 and integral multiples of USD 1,000 thereafter. Depending on the amount tendered and the applicable proration factor applied, if the proration would result in a principal amount of Notes that is less than the Authorized Denomination being returned to a Holder or accepted for purchase by the company, the Company will reject all of such Holder's validly tendered Notes without applying proration.