PRESS RELEASE

23 September 2022

On September 22, 2022, Mr. Rudy Ramawy, Deputy CEO of PT Multipolar Tbk (“MPC”), passed away. He was survived by his wife and two children.

With great sadness, the management and all members of MPC sincerely express our deepest sympathy and condolence. Mr. Rudy Ramawy served as MPC’s Deputy CEO and Vice President Director since 2019. He was also the founder and managing partner of Venturra Capital, which invests in early/growth stage technology ventures across the region. On top of his professional ventures, he had an active role as a volunteer and mentor in various community development and other projects.

Adrian Suherman, CEO and President Director of MPC says: “Our thoughts and prayers go out to Rudy’s entire family, friends and the many colleagues he impacted throughout his life. He will be remembered for his professionalism, integrity, creativity and outgoing personality which brought joy to the people around him.”

May his soul rest in peace.

ABOUT MPC

MPC is Lippo’s publicly-listed investment company with investments in a diversified portfolio of mature, cash-generative, market-leading businesses, as well as early- and late-stage technology companies in Southeast Asia. Since 2015, MPC has invested in more than 40 high-growth and industry-leading companies. MPC’s portfolio also includes a number of IDX-listed entities, including PT Matahari Putra Prima Tbk (“MPPA”; stock code MPPA), the operator of “Hypermart”, one of Indonesia’s leading supermarket chains, PT Matahari Department Store Tbk (“MDS”; stock code LPPF), which has the largest department store network in Indonesia, PT Multipolar Technology Tbk (“MLPT”; stock code MLPT), PT First Media Tbk (“FM”; stock code KBLV), and PT Bank National Nobu Tbk (“NOBU”; stock code NOBU).