Keterbukaan Informasi – Pembelian Kapal MV Maritime Fidelity

Informasi terbaru mengenai Laporan Keterbukaan Informasi atau Fakta Material sebagai berikut

Nama Emiten atau Perusahaan Publik       : PT Pelita Samudera Shipping Tbk

Bidang Usaha                                                   : Jasa Angkutan Laut

Telepon                                                              : 021- 29308801

Faksimili                                                           : 021- 29308807

Alamat Surat elektronik                                 : corsec@ptpss.co.id

 

1 Tanggal Kejadian 11 Desember 2018
2 Jenis Informasi atau Fakta Material Pembelian Aset Kapal General Cargo MV.  Maritime Fidelity
3  

 

 

Uraian Informasi atau Fakta Material

 

 

 

Pada tanggal 11 Desember 2018 telah dilakukan penandatanganan Akta Perjanjian Jual Beli (“Perjanjian”) dengan rincian sebagai berikut:

(i)  Objek Perjanjian: 1 (satu) unit kapal General Cargo dengan nama MV. Maritime Fidelity buatan tahun 2010, 32,000 DWT bulk carrier dengan GT/NT 19,724/10,849.

(ii) Para Pihak:

–       Penjual: Gratitude Navigation Co Pte Ltd of Singapore

–       Pembeli: PT Pelita Samudera Shipping

(iii)  Nilai Jual Beli : USD 9,400,000.-

(iv)  Cara Pembayaran:

–       Pembayaran dimuka sebesar 10%

–       Pelunasan sebesar 90% setelah Delivery

(v)  Sumber pendanaan untuk beli asset:

100% Menggunakan Kas Perseroan

(vi) Tujuan dilakukan pembelian kapal General Cargo untuk meningkatkan kinerja Perseroan dan menambah pendapatan usaha Perseroan.

(vii)  Bukan Transaksi Afiliasi

(viii) Tidak mengandung Benturan Kepentingan

(ix)   Bukan Transaksi bernilai Material

Karena nilai total pembelian aset dibawah 20% dari ekuitas Perseroan maka sesuai ketentuan angka 1 huruf a Peraturan Bapepam dan LK No IX.E.2 Lampiran Keputusan Ketua Bapepam  No kep-614/BL/2011 tanggal 28 November 2011 tentang Transaksi Material dan Perubahan Kegiatan Usaha Utama, Transaksi ini bukan merupakan transaksi material yang diwajibkan untuk memperoleh persetujuan RUPS.

4 Dampak kejadian, Informasi atau fakta material terhadap
a. Kegiatan Operasional Peningkatan Kinerja Operasional Perseroan.
b. Hukum Tidak ada dampak material dibidang hukum.
c, Kondisi Keuangan Diharapkan dapat menambah pendapatan usaha Perseroan.
d. Kelangsungan Usaha Berdampak positif demi kelangsungan usaha Perseroan.

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PSS TO OBTAIN LOAN FACILITIES FOR SHORT-TERM NEEDS

PSS TO OBTAIN LOAN FACILITIES FOR SHORT-TERM NEEDS

 

  • Total loan facilities amounted up to US$12 million
  • Set to add 1 unit of Tugboat and 1 unit of Handymax Class Mother Vessel as part of continued fleet expansion

  

JAKARTA, DECEMBER 5, 2018

 

PT Pelita Samudera Shipping Tbk (“The Company”, “PSS”, IDX code: PSSI) has concluded an Extraordinarry General Shareholder Meeting (“EGMS”) today on the Financial Club, Graha CIMB Niaga, Jakarta.

In the EGMS, majority shareholders approved the Company’s plan to seek Short-term Bank Loan and Contingent Facilities.

PSS plans to raise bank loan consisted of up to US$10 million for short-term loan facility and up to US$2 million for contingent facility from Citibank N.A. Indonesia.

These loan facilities have no collateral; hence reflecting financial institution’s high level of trust and confidence on the Company’s business prospect.

PSS will use this loan for its short-term financing needs, as part of the Company’s continued fleet expansion plan.

On December 2018, PSS plans to add 1 unit of Tugboat and 1 unit of Handymax Class Mother Vessel, entirely funded by the Company’s internal cash. 

On the right track

With this additional fleet, PSS is on the right track to strengthen its positioning, aligned with the Company’s vision and mission of becoming the best logistics provider in Southeast Asia region.

PSS is targeting FY 2019 Revenue to grow between 25% to 30% with Core Net Profit Margin around 10% to 12%.

During 2018, thanks to the Company’s strong operation cash flow, PSS managed to distribute cash dividends two times namely Final FY 2017 Cash Dividend and Interim FY 2018 Cash Dividend; hence, PSS has distributed total cash dividends of about Rp50.3 billion or Rp10 per share.

Going forward, continued fleet expansion to serve larger customer base combined with operational excellence and healthy financial positions will put PSS on the right track to create higher added value to its shareholders.

The Invitation of Extraordinary General Meeting of Shareholders PT. Pelita Samudera Shipping Tbk

NOTICE

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

PT PELITA SAMUDERA SHIPPING Tbk

Directors of PT Pelita Samudera Shipping Tbk (“Company”) hereby invite the shareholders to attend the Extraordinary General Meeting of Shareholders (“Meeting”) which will be held at:

Day/Date         : Wednesday, 5th December 2018

Time                 : 10.00 WIB until finish

Venue               : Financial Club Jakarta, Graha CIMB Niaga 27th Floor

Graha CIMB Niaga, Jalan Jendral Sudirman kav 58

Jakarta 12190

 

With the Meeting Agenda as follows:

  1. Approval for Facility of Bank such as short term loan, contingency loan and long term loan

Notes:

1. Those entitled to attend or be represented in the meeting are:

a. For Company shares that have not been included in the Collective Custody, only Shareholders whose names are registered in the Shareholders Register on Tuesday, August 28, 2018 until 16.00 WIB;

b. For Company’s shares in the Collective Custody, only account holders whose names are Registered in the Account Holder Register at the Indonesian Central Securities Depository (“KSEI”), Custodian Bank or Securities Company, on Tuesday, August 28, 2018 at 16.00 WIB.

2. For Shareholders whose shares are in Collective Custody intending to attend the Meeting, they are required to register through Exchange Members or Custodian Banks holding securities accounts with KSEI to obtain Written Confirmation for the Meeting (“KTUR”).

3. The Shareholders or their authorized proxies will attend the meeting kindly requested to bring and submit a photocopy of the Share Collective Letter and a copy of the Citizenship Identity Card (KTP) or other valid identification to the officers of the Company’s Securities Administration Bureau, before entering the Meeting room. Especially for the Company’s Shareholders in the Collective Depository, they must bring the KTUR Letter which can be obtained through the Exchange Member or Custodian Bank and show it to the officers of the Company’s Securities Administration Bureau before entering the Meeting Room.

4. For Shareholders in the form of legal entities such as limited liability companies, cooperatives, foundations or pension funds, must submit to officers of the Company’s Securities Administration Bureau before entering the meeting room, they should provide photocopy: (i) deed of establishment and endorsement; (ii) deed of latest Articles of Association including approval from and / or a letter of notification to the Ministry of Law and Human Rights of the Republic of Indonesia; and (iii) deed related to the latest composition of the Board of Directors and Board of Commissioners.

5. a. The shareholders who unable to attend can be represented by their authorized proxies, provide a valid original power of attorney with the contents and form as determined by the Board of Directors And provide a copy of valid ID card or other identification from Shareholders as the proxy and his power.

b. Members of the Board of Directors, Board of Commissioners and Employees of the Company may act as the power of the Shareholders of the Company in the Meeting, but the votes they issue as power of attorney are not counted in the voting.

c. The Power of Attorney form can be obtained every working day at the Office, in Citicon Tower 19th Floor Jalan Letjen S Parman Kav 72 West Jakarta 11410, Phone number 021-29308801, facsimile 021-29308802 and contact Corporate Secretary (Imelda Agustina Kiagoes).

d. All Power of Attorney must have been received by the Board of Directors in the office as mentioned above, maximum at 16.00 WIB on Tuesday, September 18 2018. If the Power of Attorney submitted in photocopy, then the original Power of Attorney must be submitted at the time of registration before entering meeting room.

6. To facilitate the arrangement and orderliness of the Meeting, the Shareholders or their proxies is kindly requested to be present at the venue of the Meeting 30 (thirty) minutes before the Meeting  begins

 

Jakarta, 13 November 2018

PT Pelita Samudera Shipping Tbk

Board of Directors

PRESS RELEASE: Q3 2018 FINANCE PERFORMANCE

PSS ACHIEVED 9M 2018 NET PROFIT OF US$12.1 MILLION, 9-FOLD INCREASE  

  • Net profit per share (EPS) reach about IDR 34
  • Seeking new business opportunities, PSS committed in continuing its fleet expansion

JAKARTA, OCTOBER 30, 2018

PT Pelita Samudera Shipping Tbk (“The Company”, “PSS”, IDX code: PSSI) announced its 9-months (9M) 2018 result. The Company reported Net Revenue of about US$46.8 million, reflecting an increase of 47.0% Year-on-Year (YoY), owing to solid performance generated by all of its business lines.

Tugs and Barges (T&B) contributed about 54.0% of PSS 9M 2018 Net Revenue, followed by Floading Loading Facility (FLF) and Mother Vessel (MV) of about 42.1% and 3.9%, respectively.

T&B reported a significant increase of coal transport activities, jumped by about 93% YoY, reaching about 9.5 million metric tons as of 9M 2018 compared to about 4.9 million metric tons achieved in the last year’s same corresponding period.

Increase in coal transfer volume also allowed FLF business line to report total volume of about 15.7 million metric tons in 9M 2018, or increased by about 19% YoY from 13.2 million metric tons achieved in the last year’s same corresponding period.

New business line, MV reported total volume of about 110.4k metric tons in 9M 2018. Note that the MV “Dewi Saraswati” was delivered to PSS in February 2018. Accordingly, MV “Dewi Saraswati” commenced its operation in March 2018.

PSS booked 9M 2018 Gross Profit of about US$12.6 million, more than 2-fold increase from US$5.6 million in 9M 2017.

The Company’s Gross Profit Margin, as a result, expanded from about 17.6% in 9M 2017 to about 26.9% in 9M 2018 in the mid of increase in fuel and diesel oil, fleet repair and maintenance, as well as charter hire expenses to accommodate high demand on coal transportation.

With stronger operational performance coupled with divestment of 1 unit FLF, PSS managed to report 9M 2018 Net Profit of about US$12.1 million compared to 9M 2017 Net Profit of about US$1.4 million. Excluding the One-Off Income and Expenses, PSS achieved 9M 2018 Net Profit of about US$5.4 million.

Committed for Fleet Expansion

The Company’s consistent effort to expand fleet combined with recovery of Thermal Coal Price allowed PSS to enjoy increases in T&B and FLF volume. During the last 2 years, PSS has successfully added 12 units of tugboats and 10 units of barges into its operational fleet.

In addition, the Company entered dry-bulk cargo business segment by acquiring 1 unit of Handymax Class MV named “Dewi Saraswati” in line with its effort to seek new market opportunity and expand its customer base.

A combination of 1 unit FLF divestment completed in October 2018 and healthy financial position will bring PSS better financial flexibility to support its fleet expansion commitment.

As of September 30 2018, PSS reported Cash and Cash Equivalents of about US$10.5 million (excluding proceeds from FLF divestment of about US$12 million) with Total Interest-bearing Debt of about US$27.1 million and Equity of about US$71.3 million.

Such solid financial positions displayed PSS well-managed capital structure with Gearing and Net Gearing Ratios of 0.38x and 0.23x as of September 30, 2018, better than 0.52x and 0.29x achieved as of September 30, 2017, respectively.

PRESS RELEASE: INTERIM DIVIDEND DISTRIBUTION TO SHAREHOLDERS

SOLID 9-MONTHS PERFORMANCE AND AMPLE LIQUIDITY, PSS TO DISTRIBUTE INTERIM DIVIDEND FOR SHAREHOLDERS

  • Cash Interim Dividend IDR 5 per share
  • Second Cash Dividend post its last year’s IPO
  • Healthy Financial Liquidity to Support the Company’s Sustainable Growth

JAKARTA, NOVEMBER 1, 2018

PT Pelita Samudera Shipping Tbk (“The Company”, “PSS”, IDX code: PSSI) announced a cash interim dividend for its shareholders, amounted about IDR25 billion or about IDR5 per share.

This interim dividend reflected about 14.8% payout ratio from the Company’s 9-Months 2018 Net Profit.

Within 9 months in 2018, PSS generated net profit of about USD12.1 million, or equivalent to about IDR170 billion (Earnings per Share or EPS of about IDR34) on average January-September 2018 exchange rate of IDR14,052 per US$.

Second Dividend Post IPO

This is the Company’s second dividend since its IPO, the interim dividend will be distributed at the end of November 2018. The first dividend has been distributed in June of this year.

PSS listed its shares on the Indonesia Stock Exchange on December 5, 2017, selling about 1.0 billion shares or floating about 20% shares to the Public.

Note that the Company had paid cash final dividend of about IDR25.15 billion or about IDR 5 per share from its FY 2017 Net Profit.

Healthy Liquidity Position

The Company has Cash and Cash Equivalents of about US$10.5 million (excluding proceeds from 1 unit FLF divestment of about US$12 million) as of September 30, 2018.

At the same time, the Company’s Total Current Asset stood at about US$41.8 million with Total Current Liabilities of about US$18.8 million, showing Current Ratio of 2.22x. This compared to Current Asset and Current Liabilities positions of about US$27.9 million and US$14.8 million as of December 31, 2017, respectively, or Current Ratio of about 1.89x.

With such healthy financial liquidity position, the Company has wider room for financing its expansion, particularly in term of acquiring various shipping units to its operational fleet.

As of September 30, 2018, Tugs and Barges (T&B) contributed about 54.0% of Net Revenue, followed by Floading Loading Facility (FLF) and Mother Vessel (MV) of about 42.1% and 3.9%, respectively.

T&B reported a significant increase of coal transport activities, jumped by about 44% YoY, reaching about 9.5 million metric tons compared to about 6.6 million metric tons achieved in the last year’s same corresponding period.

Increase in coal transfer volume also allowed FLF business line to report total volume of about 15.7 million metric tons in 9M 2018, or increased by about 19% YoY from 13.2 million metric tons achieved in the last year’s same corresponding period.

As of September 30, 2018, PSS operates fleet of 81 various units, consisted of 38 units of Tugboats, 38 units of Barges, 4  units of Floating Loading Facility (FLF) and 1 unit of Handymax Class Mother Vessel (MV).

RUPSLB 5th DECEMBER 2018

PT PELITA SAMUDERA SHIPPING Tbk

Domiciled in Jakarta

(“Company”)

 

NOTIFICATION

TO SHAREHOLDERS OF THE COMPANY

We, hereby would like to notify the Shareholders of the Company that theExtraordinary General Meeting of Shareholders (“EGMS”) shall be held on 5th December 2018, in Jakarta

Pursuant to article 19 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014, Regarding the Extraordinary General Meeting of Shareholders Plan and Activity, the invitation of EGMS Shall be published on 13 November  2018 in 1 (one) national daily newspaper in Indonesian Language; Indonesia Stock Exchange Website and Company Website.

The Shareholders are eligible to attend or represented AGMS, whose names are recorded in the Register of Shareholders of the Company in Bureau of Securities Administration PT Datindo Entrycom on 12 November 2018 at 16.00 WIB

The shareholders who is entitled to propose the agenda of the meeting is 1 (one) shareholder or more who (collectively) represents 1/20 (one twenty) of the total shares issued by the company with valid voting rights.

The proposal of the Shareholders of the Company can be included in the agenda of AGMS subject to compliance with the requirement as stipulated in article 19 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014 and shall be received by the Board of Directors of the Company not later than 7 (seven) calendar date prior the date of notice AGMS.

Jakarta, 29 October 2018

PT PELITA SAMUDERA SHIPPING TBK

Board of Directors

PRESS RELEASE: POST PALU AND DONGGALA’S EARTHQUAKE, OPERATIONAL CONDITIONS OF PT PELITA SAMUDERA SHIPPING TBK ARE DECLARED SAFE

JAKARTA, October 1st, 2018

A tectonic earthquake measuring 7.7 Richter scale occurred on Friday, September 28, 2018, which rocked Palu and Donggala area in Central Sulawesi, triggered a tsunami that struck the Donggala coast and Palu bay.

The operational team of PT Pelita Samudera Shipping Tbk has immediately examined the crew’s safety, fleet conditions and sent out safety instructions throughout Company’s fleet. The safety instructions are carried out via e-mail to the entire fleet, requesting crew to continue monitoring the water situation in the operation area, and keep communicating with fellow crew members through navigation telex and radio VHF.

Until October 1, 2018, the area and operational work of the Company were declared safe. All fleet including crew and fleet facilities were intact and well, not affected by the earthquake. The operational team continues to monitor weather information with BMKG (Meteorology, Climatology and Geophysics Agency) and monitor the situation closely in Company’s operations area.

We express our deepest condolences and convey our prayers to tsunami victims in Palu and Donggala, as well as those affected by the earthquake in other regions. Hope the Almighty gives them strength, protection and safety.

PRESS RELEASE: STRATEGIC MOVES OF PELITA SAMUDERA SHIPPING WITH ASSET DIVESTMENT

JAKARTA, 20 SEPTEMBER 2018

PT Pelita Samudera Shipping Tbk (“Company”, IDX code: PSSI), the company engaging in integrated sea logistics and transshipment solutions remain focused on maintaining their position in coal logistics business. In line with its strategic plans and to optimize the resources owned, the Company plans to sell their asset of 1 unit Floating Loading Facility (FLF), an offshore coal transfer facility made in 2007.

 

This strategic step is part of business divestment to optimize asset utilization. The sale is a very good opportunity for the Company to obtain funds to invest in assets that are more profitable, which is in line with the Company’s business strategy on fleet expansion that has been carried out over the past 2 years. Also future target to accommodate the needs of coal domestic market as well as exports which are predicted to remain stable toward Asian countries, especially Southeast Asia.

 

Company received a good offer of USD 12 million in sales transactions, planned to be sold to PT Maritim Barito Perkasa. This sale will have a positive impact on operational activities in which can increase the utilization of remaining 3 FLF and 1 Floating Crane for coal transfer services. In addition to owning 1 unit of Mother Vessel handysize, 37 units of tugboat and 37 units of barge for coal transportation services with an average utilization above 90%.

 

The sale of FLF named Ratu Barito has been approved by the shareholders at the Extraordinary General Meeting of Shareholders at Fairmont Hotel, Jakarta. The Company remains optimistic to achieve double-digit growth from 2017, after achieving significant financial performance in first half of 2018 compared to first half of 2017 with a net profit increase by 2,859%.

 

About PT Pelita Samudera Shipping Tbk.

Indonesia’s leading sea freight service company over the past 11 years for coal transport and transshipment that provides integrated tugs and barges, Floating Loading Facility, floating cranes and Mother Vessel handymax services which provide value added to the consumers. The Company is a pioneer in Floating Loading Facilities operator whereby all operations are supported by ISO Management System 9001:2015 Total Quality Management, ISO 14001:2015 Environmental Management System and OHSAS 18001: 2007 Occupational Health and Safety Assessment Series.

 

For further information please contact:

Imelda Agustina Kiagoes

Corporate Secretary

PT Pelita Samudera Shipping Tbk

Telp.    : (62-21) 2930 8801

Fax.     : (62-21) 2930 8802

E-mail  : corsec@ptpss.co.id

Notice Extraordinary General Meeting of Shareholder

NOTICE

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

PT PELITA SAMUDERA SHIPPING Tbk

 

Directors of PT Pelita Samudera Shipping Tbk (“Company”) hereby invite the shareholders to attend the Extraordinary General Meeting of Shareholders (“Meeting”) which will be held at:

Day/Date : Thursday, 20 September 2018
Time : 10.00 WIB until finish
Venue : Emerald Room, Fairmont Hotel, Jl. Asia Afrika No 8, Jakarta 10270

With the Meeting Agenda as follows:

  1. Approval the Plan for Sales of Company Assets in the form of Floating Loading Facility (FLF).
  2. Amendments to Provisions in Article 12 of the Company’s Articles of Association concerning the Duties and Authorities of the Directors.

Notes

  1. Those entitled to attend or be represented in the meeting are:
    • For Company shares that have not been included in the Collective Custody, only Shareholders whose names are registered in the Shareholders Register on Tuesday, August 28, 2018 until 16.00 WIB;
    • For Company’s shares in the Collective Custody, only account holders whose names are Registered in the Account Holder Register at the Indonesian Central Securities Depository (“KSEI”), Custodian Bank or Securities Company, on Tuesday, August 28, 2018 at 16.00 WIB.
  2. For Shareholders whose shares are in Collective Custody intending to attend the Meeting, they are required to register through Exchange Members or Custodian Banks holding securities accounts with KSEI to obtain Written Confirmation for the Meeting (“KTUR”).
  3. The Shareholders or their authorized proxies will attend the meeting kindly requested to bring and submit a photocopy of the Share Collective Letter and a copy of the Citizenship Identity Card (KTP) or other valid identification to the officers of the Company’s Securities Administration Bureau, before entering the Meeting room. Especially for the Company’s Shareholders in the Collective Depository, they must bring the KTUR Letter which can be obtained through the Exchange Member or Custodian Bank and show it to the officers of the Company’s Securities Administration Bureau before entering the Meeting Room.
  4. For Shareholders in the form of legal entities such as limited liability companies, cooperatives, foundations or pension funds, must submit to officers of the Company’s Securities Administration Bureau before entering the meeting room, they should provide photocopy: (i) deed of establishment and endorsement; (ii) deed of latest Articles of Association including approval from and / or a letter of notification to the Ministry of Law and Human Rights of the Republic of Indonesia; and (iii) deed related to the latest composition of the Board of Directors and Board of Commissioners.
  5. The shareholders who unable to attend can be represented by their authorized proxies, provide a valid original power of attorney with the contents and form as determined by the Board of Directors And provide a copy of valid ID card or other identification from Shareholders as the proxy and his power.
  6. Members of the Board of Directors, Board of Commissioners and Employees of the Company may act as the power of the Shareholders of the Company in the Meeting, but the votes they issue as power of attorney are not counted in the voting.
  7. The Power of Attorney form can be obtained every working day at the Office, in Citicon Tower 19th Floor Jalan Letjen S Parman Kav 72 West Jakarta 11410, Phone number 021-29308801, facsimile 021-29308802 and contact Corporate Secretary (Imelda Agustina Kiagoes).
  8. All Power of Attorney must have been received by the Board of Directors in the office as mentioned above, maximum at 16.00 WIB on Tuesday, September 18 2018. If the Power of Attorney submitted in photocopy, then the original Power of Attorney must be submitted at the time of registration before entering meeting room.
  9. To facilitate the arrangement and orderliness of the Meeting, the Shareholders or their proxies is kindly requested to be present at the venue of the Meeting 30 (thirty) minutes before the Meeting  begins

Jakarta, 29 August 2018
PT Pelita Samudera Shipping Tbk
Board of Directors

Extraordinary General Meeting of Shareholders (“EGMS”) on 20th September 2018

PT PELITA SAMUDERA SHIPPING Tbk

Domiciled in Jakarta

(“Company”)

 

NOTIFICATION

TO SHAREHOLDERS OF THE COMPANY

 

We, hereby would like to notify the Shareholders of the Company that the Extraordinary  General Meeting of Shareholders (“EGMS”) shall be held on 20th September 2018, in Jakarta .

Pursuant to article 21 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014, Regarding the EGMS Plan and Activity, the invitation of EGMS Shall be published on 29th August 2018 in 1 (one) national daily newspaper in Indonesian Language; Indonesia Stock Exchange Website and Company Website.

The Shareholders are eligible to attend or represented AGMS, whose names are recorded in the Register of Shareholders of the Company in Bureau of Securities Administration PT Datindo Entrycom on 28th August 2018 at 16.00 WIB

The shareholders who is entitled to propose the agenda of the meeting is 1 (one) shareholder or more who (collectively) represents 1/20 (one twenty) of the total shares issued by the company with valid voting rights.

The proposal of the Shareholders of the Company can be included in the agenda of EGMS subject to compliance with the requirement as stipulated in article 21 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014 and shall be received by the Board of Directors of the Company not later than 7 (seven) calendar date prior the date of notice EGMS, on Tuesday 21st August 2018.

Jakarta, 14 August 2018

PT PELITA SAMUDERA SHIPPING TBK

Board of Directors