FINANCIAL REVIEW

EXPANSIONS

During 2021, Pelindo did not carry out any expansion activities.

BUSINESS MERGERS/CONSOLIDATIONS

PT Pelabuhan Indonesia I (Persero), PT Pelabuhan Indonesia II (Persero), PT Pelabuhan Indonesia III (Persero), and PT Pelabuhan Indonesia IV (Persero) are non-listed state-owned companies whose shares are 100% owned by the Ministry of SOEs as shareholders representing the Republic of Indonesia. On October 1, 2021, PT Pelabuhan Indonesia I (Persero), PT Pelabuhan Indonesia III (Persero) and PT Pelabuhan Indonesia IV (Persero) were merged into PT Pelabuhan Indonesia II (Persero) based on Government Regulation No. 101 of 2021, where PT Pelabuhan Indonesia II (Persero) acts as the surviving entity. Then based on the Republic of Indonesia Minister of SOEs Letter No. S-756/ MBU/10/2021 dated October 1, 2021 concerning Approval of Change of Name, Change of Articles of Association and Company Logo, PT Pelabuhan Indonesia II (Persero) changed its name to PT Pelabuhan Indonesia (Persero), or abbreviated to Pelindo.

DIVESTMENTS

During 2021, Pelindo did not carry out any divestment activities.

ACQUISITIONS

During 2021, Pelindo did not carry out any acquisition activities.

DEBT AND CAPITAL RESTRUCTURING

During 2021, Pelindo did not carry out any debt and capital restructuring activities.

MATERIAL INFORMATION FOR TRANSACTIONS CONTAINING CONFLICTS OF INTEREST AND/OR TRANSACTIONS WITH AFFILIATED PARTIES

A Material Transaction is a transaction carried out by a public company or controlling company where the transaction value limit is equal to 20% (twenty percent) or more of the equity of the Public Company (Financial Services Authority Regulation No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities).