saratoga_84

DISCLOSURE OF INFORMATION PLAN OF BUYBACK OF SHARES PT SARATOGA INVESTAMA SEDAYA Tbk. (“Company”)

22 March, 2017

                                        DISCLOSURE OF INFORMATION
                                        PLAN OF BUYBACK OF SHARES
                                  PT SARATOGA INVESTAMA SEDAYA Tbk.
                                                (“Company”)
A. Introduction
The Company is planning to implement the Buyback of Shares on the shares issued by
the Company and listed on the Indonesia Stock Exchange (“IDX”).
The Buyback of Shares of the Company will be conducted with reference to the
provisions as stipulated in Bapepam-LK Regulation No. XI.B.2 on the Buyback of
Shares Issued by an Issuer or Public Company, attachment of Decision of the Chairman
of Bapepam-LK No. Kep-105/BL/2010 dated 13 April 2010 (“Regulation XI.B.2”).

B. Estimation of Schedule, Cost of Buyback of Shares and Total Nominal Value of
All Shares Bought Back
– Estimation of Schedule
The Buyback of Shares will be conducted after the approval from the Extraordinary
General Meeting of Shareholders (“EGMS”) has been obtained by the Company on
26 April 2017. The period of the Buyback of Shares will be conducted until 31
December 2017.
– Cost of Buyback of Shares
The cost for the implementation of the Buyback of Shares shall be in the maximum of
IDR78,000,000,000 (seventy eight billion Indonesia Rupiah) including the broker fee
and other fee in relation with the Buyback of Shares.
– Total Nominal Value of All Shares Bought Back
The total shares to be bought back will be in the maximum of 0.737% (zero point
seven three seven percent) of the paid-up capital of the Company or in the maximum
of 20,000,000 (twenty million) shares.

C. Explanation, Consideration and Reason of the Implementation of Buyback of
Shares of the Company
The Company is planning to utilize the shares obtained from Buyback of Shares for the
fulfillment of the Company’s requirement with respect to the implementation of Long
Term Incentive Program for the employees.

D. Estimation of the Decrease of Income of the Company as a Result from the
Implementation of Buyback of Shares and Impact upon the Financing Cost of the
Company
The Company estimates that there is no impact on the decrease of income on the
implementation of Buyback of Shares.

E. Pro Forma of Profit Per Company’s Share Following the Implementation of
Buyback of Shares by Taking Into Account the Decrease of Income
There is no implication because the number of shares that will be bought back is not
material.

F. Limit of Shares Price for the Buyback of Shares
The Company will limit the Buyback of Shares price in the maximum in the amount of
IDR3,900 (three thousand nine hundred Indonesia Rupiah) per share. The Buyback of
Shares price will be determined based on the provision stipulated in the Regulation
XI.B.2.

G. Limit of the Buyback of Shares Period
The Buyback of Shares is planned to be implemented as of following the Company has
obtained the approval from the EGMS, i.e. as per 26 April 2017 until 31 December
2017.

H. Method Used for Buyback of Shares
The Buyback of Shares will be conducted through IDX or outside the IDX. The
Company will appoint the member of IDX to exercise the Buyback of Shares through
IDX.

I. Management Discussion and Analysis on the Impact of the Buyback of Shares on
the Business Activity and Growth of the Company in the Future
The implementation of Shares Buyback is expected to not affecting the business activity
and operational of the Company because the Company already has sufficient working
capital to operate the Company’s business activity.

                                                 Jakarta, 20 March 2017
                                                 The Board of Directors

Disclosure of Information Buyback of Shares (XI.B.2) (200317)

Disclosure of Information Buyback of Shares (XI.B.2) (200317)

About PT Saratoga Investama Sedaya Tbk.

Founded in 1998, Saratoga Investama Sedaya (Saratoga) is a leading active investment company in Indonesia. Saratoga
takes an active role in managing its investee companies as well as in exploring investment opportunities in Indonesia.

Saratoga focuses on investment opportunities in the early-stage as well as in the growth stage, and also in special
conditions with emphasis on sectors that support Indonesian economic development, such as consumer,
infrastructure, and natural resources.

Saratoga’s vision is to continue to be the major active investment company in Indonesia as well as the partner of choice
for national and foreign investors, who wish to participate in the dynamic growth of the Indonesian economy.

About Ora Et Labora Foundation

YPK Ora et Labora has been managing the ORA et LABORA school since May 28, 1966. It began with Benny Rob Arie
Riupassa and Johannes Boudewijn Riupassa who built a school for teaching-learning activity at Kindergarten (TK) level,
Elementary School (SD), Junior High School (SMP) to High School (SMA).

The ORA et LABORA school has booked academical achievements both on the national and international levels. On the
national level, ORA et LABORA students have claimed various winning titles in the National Science Olympics (OSN) for
Natural Sciences (IPA) and Math.

Meanwhile, on the international level, several accomplished students have honored the ORA et LABORA name by
winning gold and silver medals at several math and science olympics at ASEAN level and on a global scale.

Today, YPK ORA et LABORA has established three schools in Panglima Polim, Bumi Serpong Damai and Pamulang.

for further information on PT Saratoga Investama Sedaya, Tbk., please visit: www.saratoga-investama.com.

or email:
CSR                                                                                                            Corporate Secretary
csr@saratoga-investama.com                                                                    corporate.secretary@saratoga-investama.com

For further information on Yayasan Ora Et Labora, please contact:
Nunuk Istriani (nunukst@oel.or.id) or telp (021) 537 6346, 5315 7370

Close