Certain Ordinary Shares of PT Era Media Sejahtera Tbk are subject to a Lock-Up Agreement Ending on 29-DEC-2023. These Ordinary Shares will be under lockup for 239 days starting from 4-MAY-2023 to 29-DEC-2023.

Details:
Based on Article 2 POJK 25 of 2017, any party who obtains Company shares at an exercise price below the initial public offering price within 6 (six) months prior to submission of registration to the OJK, that party is prohibited from transferring part or all of the Company's shares it owns up to 8 (eight) months after the registration statement in connection with the Initial Public Offering becomes effective. In this case, there are no restrictions on shares issued prior to the Initial Public Offering.

PIS as the main shareholder of the Company and based on a Statement dated December 12, 2022, PIS stated that it would not sell either part or all of its shares in the Company within 8 (eight) months after the Registration Statement for the Initial Public Offering became effective.