Sentul City Tbk PT : 2017-02-08 Ringkasan Risalah RUPSLB 7 Februari 2017 PT Sentul City Tbk (EN).pdf

The Board of Directors hereby announces Summary of Minutes of the Extraordinary General Meeting of Shareholders (GMS) which was held on;

Day / Date : Tuesday, February 7, 2017

Venue : Sentul Highlands Golf Club, Sentul, Sentul - Bogor 16810 Time : 10:30 s / d 11:05 BBWI

Agenda of Meeting of Shareholders:

1. Approval to increase in Company's issued and paid capital as much as 32,809,765,735 (thirty-two billion eight hundred nine million seven hundred sixty five thousand seven hundred and thirty five) shares with a nominal value of Rp. 100, - (one hundred Rupiah) through the issuance of shares and / or other equity instruments that can be converted into shares or grant the right to buy stock at the Pre-emptive Rights.

2. Approval of the takeover (acquisition) of PT Graha Sejahtera ABADI (GSA), by depositing assets (inbreng) as much as 99.999% (ninety nine point nine nine nine percent) of the shares owned by PT Sakti GENERATION PERDANA to GSA into the Company.

Vice President of Commissioner : Antonius Prijohandojo Kristanto Independent Commissioner : Soemarso Slamet Rahardjo Commissioner : Sumarsono

President Director : Keith Steven Muljadi

Vice President Director : Andy Kesuma Natanael

Independent Director : Syukurman Larosa

Director : Ricky Kinanto Teh

Director : Rickey Mabbun Leuterio

Number of shares with valid voting rights were present at the GMS are: 23,924,772,338 or 69.27% of total shares with voting rights issued by the Company.

Shareholders were given the opportunity to ask questions and / or give opinions related to agenda item either on the implementation of the GMS.

The number of shareholders who have any questions and / or give opinions related to agenda item are: no

GMS decision-making mechanism is carried by deliberation and if no agreement is reached, the decision will be made by voting.

GMS voting results :

GMS decision :

I. 1. Approved the Company's plan to increase the issued and fully paid in the Company as much as 32,809,765,735 (thirty-two billion eight hundred nine million seven hundred sixty five thousand seven hundred and thirty-five) series C shares with a nominal value of Rp 100, - (one hundred rupiah) through the issuance of shares and / or other equity instruments that can be converted into shares or grant the right to buy stock at the Pre-emptive right, so therefore approved changes to Article 4 of the articles of association of the Company.

including (but not limited to) the Ministry of Justice and Human Rights of the Republic of Indonesia, making changes and / or additions of any kind is also required for the adoption of the amendment to statutes, filed, signed the petition and all other documents, choose domicile and carry out other necessary actions.

Approval of Takeover (Acquisition) PT Graha Sejahtera Abadi (GSA), by depositing assets (inbreng) for 99.999% shares of PT Sakti Generasi Perdana, GSA into Company, are not discussed because the quorum representing at least 3/4 of the shares with voting rights are not met.

Thank you for your attention.

Jakarta 8 February 2017 PT. Sentul City Tbk The Board of Directors