Disclosure of Information on the Purchase of Shares in PT Harum Nickel Industry

Sep 14, 2023
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On 14 September 2023, PT Tanito Harum Nickel (“THN”), a subsidiary of PT Harum Energy Tbk. (the “Company”), has purchased shares in PT Harum Nickel Industry (“HNI”), another subsidiary of the Company, namely 246,066 shares from the Company, and 12,951 shares from PT Mahkota Emas Nickel, a non-related party to the Company, each representing 94.99% and 5%, respectively, of the total issued and paid-up capital of HNI, with a total transaction value of Rp259,017,000,000.

On the same day, PT Harum Nickel Perkasa ("HNP"), another subsidiary of the Company, has also purchased 1 share in HNI from the Company, representing 0.01% of the total issued and paid-up capital of HNI, with a transaction value of Rp1,000,000.
 
With the completion of the above transactions, the share ownership of THN and HNP in HNI shall each become 99.99% and 0.01%, respectively. The purposes of such transactions are to increase the direct and indirect shareholding percentage of the Company in HNI, from 95% to 99%, as well as to reorganize the share ownership of the Company in its subsidiaries.
 
There is no material impact from the above transactions toward the operational activities, legal, financial condition or business continuity of the Company.