Certain Ordinary Shares of PT Merdeka Battery Materials Tbk. are subject to a Lock-Up Agreement Ending on 12-DEC-2023. These Ordinary Shares will be under lockup for 242 days starting from 14-APR-2023 to 12-DEC-2023.

Details:
Restrictions on the sale of shares issued before the Initial Public Offering In accordance with Article 2 of OJK Regulation No. 25/POJK.04/2017 dated 22 June 2017 concerning Restrictions on Shares Issued Prior to a Public Offering ("OJK Regulation No. 25/2017"), each party who obtains shares from the Company at a price below the Offering Price within a period of six months prior to submitting the Registration Statement to OJK, it is not permitted to transfer part or all of the Company's share ownership until eight months after the Registration Statement becomes Effective. In this case, the following parties are subject to the restrictions on the transfer of shares as referred to in OJK Regulation No. 25/2017: (i) PT Merdeka Energi Nusantara (?MEN?) in connection with the increase in the issued and paid-up capital of the Company which was taken part by MEN based on the Deed of Statement of Circular Resolution of Shareholders in lieu of the Extraordinary General Meeting of Shareholders No. 178 dated December 27, 2022, made before Darmawan Tjoa, SH, SE, Notary in Jakarta; and (ii) Huayong International (Hong Kong) Limited (?HIL?) in relation to shares issued by the Company in the context of converting a convertible loan as approved by the shareholders of the Company based on the Deed of Statement of Shareholders' Resolution on Amendment to the Articles of Association of PT Merdeka Battery Materials No. 7 dated January 4, 2023, drawn up before Muhammad Muazzir, SH, M.Kn., Notary Alternate of Jose Dima Satria, SH, M.Kn., Notary in Administrative City of South Jakarta, who has obtained approval from Menkumham based on a Decree No. AHU-0000594.