Certain Ordinary Shares of PT Lupromax Pelumas Indonesia Tbk are subject to a Lock-Up Agreement Ending on 1-APR-2024. These Ordinary Shares will be under lockup for 238 days starting from 7-AUG-2023 to 1-APR-2024.

Details:
In order to fulfill POJK No. 25/2017, Kartiko Soemargono, Trisno Harnadi, Jong Anton Dwi Putro and Clarissa Calluella Habert declares that it will not transfer part or all of the ownership of the company's equity securities until 8 (eight) months after the registration statement becomes effective. This is supported by Kartiko Soemargono's Statement dated April 3, 2023, Trisno Harnadi's Statement dated April 3, 2023, Jong Anton Dwi Putro's Statement dated April 3, 2023, and Clarissa Calluella Habert's Statement dated April 3, 2023.

Furthermore, in a statement letter dated March 31, 2023, Kartiko Soemargono as the controlling shareholder stated that he would not relinquish control of the company within a period of at least 12 (twelve) months after the company's registration statement became effective.