PRESS RELEASE

FOR IMMEDIATE RELEASE

21 December 2021

MULTIPOLAR DELIVERS STRONG Q3 RESULTS; ANNOUNCES IDR 1.75 TRILLION CAPITAL RAISE TO FUND INVESTMENTS AND GROWTH STRATEGY

• Multipolar (“MPC”) is Lippo’s publicly-listed investment company with an NAV of over $2 billion, including investments in a diversified portfolio of mature, cash-generative, market-leading business, as well as 40 early and late-stage technology companies in Southeast Asia.
• Capital raise comes on the back of strong Q3 results with 9M21 revenues and net profit coming in at IDR 7.4 trillion and IDR 156 billion respectively, a significant turnaround from an IDR 504 billion net loss in the same period last year, despite Covid headwinds.
• IDR 1.75 trillion capital raise comprises of a USD 50 million exchangeable bond and a IDR 1 trillion rights issue.
• The 3+1 year exchangeable bond is fully subscribed by a leading Tokyo-listed Japanese financial institution and bear interest at 1% p.a. for the first year, and increasing over the 3 year period, averaging at 3.5% p.a.
• The rights issue will be done at Rp500/share, equivalent to the share price’s 6-month VWAP, and will be supported by Riady controlled entities, PT Inti Anugerah Pratama and OUE Limited – who collectively own 60% of the company.
• Capital raise solidifies MPC as Lippo’s primary Indonesia investment company, and strengthens Company’s shareholding and governance framework.

Jakarta, 21 December 2021. PT Multipolar Tbk (MLPL.IJ) (“MPC” or “Company”) today announced a IDR 1.75 trillion capital raise comprising of a fully-subscribed USD 50 million exchangeable bond and a IDR 1 trillion rights issue. The proceeds from the capital raise will be to fund the Company’s growth strategy, investments, acquisitions, and to further strengthen the Company’s balance sheet.

As previously reported, MPC is Lippo’s publicly-listed investment company with an NAV of over $2 billion, including investments in a diversified portfolio of mature, cash-generating, market-leading business, as well as 40 early and late-stage technology companies in Southeast Asia.

The capital raise comes on the back of strong Q3 results with 9M21 Revenue and net profit coming in at IDR 7.4 trillion and IDR 156 billion respectively – a significant turnaround from a IDR 504 billion net loss in the same period last year, despite the Covid headwinds.

The USD 50 million exchangeable bond is fully subscribed by a leading, Tokyo-listed, Japanese financial institution, with a 3+1 year maturity, and bear interest at 1% p.a. for the first year, and increasing over the 3 year period, averaging at 3.5% p.a.; interest will be paid annually in arrears.

Additionally, MPC will conduct a Rp 1 trillion rights issue at Rp500/share, equivalent to the share price’s 6-month VWAP. The rights issue will be supported by Riady controlled entities PT Inti Anugerah Pratama and OUE Limited – who collectively own 60% of the company.

As part of the transaction, OUE has purchased from PT Inti Anugerah Pratama a 17.2% interest in MPC. Together, the Lippo-affiliated companies will support the rights issue and will maintain its ownership level in MPC. This transaction positions MPC as Lippo’s primary Indonesia investment company, and strengthens the Company’s shareholding and governance framework.

As previously reported, Goto, Indonesia’s largest technology company encompassing 2% of Indonesia’s GDP, also owns a 4.9% stake in MPC.

Adrian Suherman, CEO and President Director of MPC commented: “Indonesia is the world’s next consumer and technology powerhouse. Our track record of investing in Indonesia, building and working with strong management teams, uniquely positions us to capitalize on Indonesia’s growth story. We are grateful for the trust that our investors have placed in us and look forward to continuing to increase the value of our investments.”

ABOUT MPC

MPC is Lippo’s publicly-listed investment company with a NAV of over $2 billion, including investments in a diversified portfolio of mature, cash-generative, market-leading business, as well as 40 early and late-stage technology companies in Southeast Asia. Since 2015, MPC invested in more than 40 high-growth, industry-leading companies including OVO, one of Indonesia’s largest digital payments companies, Sociolla, an Indonesian beauty and personal care e-commerce platform, and Ruangguru, Indonesia’s largest technology-enabled education provider. 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).

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