General Announcement::Update to Noteholders

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST

TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.

NOTICE TO NOTEHOLDERS

PT Sri Rejeki Isman Tbk

(the "Company")

US$225,000,000 7.25% Senior Notes due 2025 issued by PT Sri Rejeki Isman Tbk

CUSIP Number: 69408L AB2 / Y714AG AB8

ISIN: US69408LAB27 / USY714AGAB82

Common Code: 206596945 / 206597208

(the "Sritex Notes")

US$150,000,000 6.875% Senior Notes due 2024 issued by Golden Legacy Pte Ltd and

unconditionally and irrevocably guaranteed by PT Sri Rejeki Isman Tbk

CUSIP Number: 38109KAC9 / Y2749KAC4

ISIN: US38109KAC99 / USY2749KAC46

Common Code: 157922092 / 157922718

(the "Golden Legacy Notes")

Dear Holders:

We write in relation to the Sritex Notes and the Golden Legacy Notes. We write to provide an update with respect to the restructuring efforts of the Company and its subsidiaries (the "Sritex Group"). Unless otherwise defined, capitalized terms used in this letter shall have the meaning given to them in our previous notices.

Extension of the PKPU Proceeding

The Sritex Group wishes to announce that it has submitted a request to the Indonesian Court for an extension of the PKPU Proceeding for an additional 90-day period (the "PKPU Extension Application").

The PKPU Extension Application has been made in order to ensure that there is sufficient time for the Sritex Group to engage with creditors and finalize the PKPU composition plan in the PKPU Proceeding. As previously stated, the worsening COVID-19 situation in Indonesia and the ensuing emergency lockdown have delayed the Sritex Group's restructuring efforts.

A further update will be provided by the Sritex Group when there is further development in relation to the outcome of the PKPU Extension Application.

PKPU Creditors' Meeting

The Sritex Group also wishes to confirm that, following the filing of the PKPU Extension Application, the independent administrators have revised the agenda for the creditors' meeting that is scheduled to take place on 14 September 2021 in the PKPU Proceedings (the "14 September Creditors' Meeting").

Details of the 14 September Creditors' Meeting are set out in the enclosed announcement dated 10 September 2021 issued by the independent administrators in the PKPU Proceeding. It is important to note that the 14 September Creditors' Meeting is part of the formal PKPU Proceeding and may only be attended by creditors whose claims have been verified by the independent administrators and/or their Indonesian counsel. For the avoidance of doubt, the Sritex Group will not put a PKPU composition plan to vote at the 14 September Creditors' Meeting.

Additional information

The Sritex Group will provide a further update when there are relevant developments and/or other matters contemplated by this announcement. Holders of the Golden Legacy Notes and the Sritex Notes should direct any queries to the Sritex Group's international restructuring advisor and international legal counsel at the contact details provided below:

PT AJCapital Advisory

International Restructuring Advisor

Geoffrey D. Simms, CEO and Partner (geoff.simms@ajcapital.co.id)

Fransiscus Alip, Partner (fransiscus.alip@ajcapital.co.id)

Gibson, Dunn & Crutcher LLP

International Legal Counsel

Troy Doyle, Partner, Co-Chair - Restructuring (sritex@gibsondunn.com)

Jakarta / Singapore

10 September 2021

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