Certain Shares of PT Multisarana Intan Eduka Tbk are subject to a Lock-Up Agreement Ending on 1-APR-2024. These Shares will be under lockup for 237 days starting from 8-AUG-2023 to 1-APR-2024.

Details:
Imanuel Herman Prawiromaruto, Suzanna Rosa Prawiromaruto, and Swandriyani Hudiyanto, based on the Shareholders' Statement dated March 2, 2023, have stated not to transfer part or all of the ownership of the Company's shares they have up to 8 (eight) months after the registration statement be Effective. In this regard, the Company's shareholders, namely Imanuel Herman Prawiromaruto, Suzanna Rosa Prawiromaruto, and Swandriyani Hudiyanto are prohibited from transferring their shares until 8 (eight) months after the registration statement in connection with the Initial Public Offering becomes effective.

Furthermore, the shareholders of the Company, namely Imanuel Herman Prawiromaruto, Suzanna Rosa Prawiromaruto, and Swandriyani Hudiyanto, based on statement letters dated March 2, 2023 and March 31, 2023, stated that they would not relinquish their control over the Company within a period of at least 12 (twelve) months. after the Initial Public Offering becomes effective.