Profil PT Sentul City Tbk

COMPANY OVERVIEW

Kegiatan usaha PT. Sentul City Tbk terdiri atas pembangunan township termasuk perumahan, area komersial, hotel, taman hiburan, rumah sakit dan pengelolaan aset. Sentul City memiliki tanah yang belum dikembangkan sekitar 1.600 ha dari izin lokasi sekitar 3.100 ha. Mengingat begitu besarnya tanah yang belum dikembangkan tersebut memberikan keleluasaan bagi Sentul City untuk mengembangkan berbagai jenis properti unggulan dan variasi sesuai dengan segmentasi pasar serta target pasar yang dituju. Sentul City berupaya menciptakan harmoni antara pencapaian tujuan usaha dengan kesejahteraan masyarakat dan kelestarian lingkungan alam.

History Of Sentul City

The Company was incorporated under the name of PT. Sentragriya Kharisma by Deed No. 311 dated April 16, 1993 drawn up before Misahardi Wilamarta, SH, Notary in Jakarta, which Deed was approved by the Minister of Justice of the Republic of Indonesia pursuant to Decree No. C2-4350.HT.01.01.TH.93 dated June 8, 1993, and registered with the South Jakarta District Court No.552/A.PT/HKM/ 1993/PN.JAK.SEL dated June 24, 1993 and announced in the State Gazette of the Republic of Indonesia No. 65 dated August 13, 1993, Supplement No. 3693.

On August 9, 1993 the Company changed its name to PT. Royal Sentul Highlands by Deed No. 27 dated August 9, 1993 made drawn up before Dr. Widjojo Wilami, SH, Notary in Jakarta. This Deed was approved by the Minister of Justice of the Republic of Indonesia pursuant to Decree No. C2-2518 HT.01.04.Th.94 dated February 16, 1994.

For the purpose of conducting public offering and as compliance with Indonesian Company Law the Company's Articles of Association have been amended by Deed No. 42 dated May 7, 1997 drawn up before Ny. Poerbaningsih Adi, SH, Notary in Jakarta. The name change of the Company to PT. Royal Sentul Highlands Tbk was approved by the Minister of Justice of the Republic of Indonesia pursuant to Decree No.HT.01.04.Th. 97 C2-3643 dated May 12, 1997 and was announced in the State Gazette of the Republic of Indonesia No.71 dated 5 September 1997, Supplement No. 3842.

On June 30, 1997 based on the effective statement from the Chairman of Bapepam pursuant to Letter No.S- 1511/PM/1997 the Company conducted an Initial Public Offering (IPO) of 400,000,000 Series A shares with a nominal value of Rp.500, - (five hundred rupiah) per share with the proceeds of offering is Rp. 200,000,000,000 (two hundred billion rupiah). These shares were listed on the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (BES) on July 28, 1997.

By Deed No. 26 dated December 11, 1997 drawn up before Ny. Poerbaningsih Adi, SH, Notary in Jakarta, the Company changed its name to PT. Bukit Sentul Tbk. The Deed was approved by the Minister of Justice of the Republic of Indonesia pursuant to Decree No. C2-33 HT.01.04.Th.98 dated January 14, 1998.

On July 29, 1999 the Company was granted approval by the Extraordinary General Meeting of Shareholders and obtained the effective statement from the Chairman of Bapepam pursuant to Letter No. S-1379/PM/1999 to conduct Right Issue I (PUT I) with Pre-emptive Rights of 4,004,000,000 (four billion four million) Series B shares at an offering price of Rp. 200, - (two hundred rupiah) per share with the proceeds of the Right Issue I totally Rp. 800,800,000,000 - (eight hundred billion eight hundred million rupiah). The shares were listed on JSX and SSX on August 3, 1999.

The Company changed its name once again to PT. Sentul City Tbk. by Deed No. 26 dated July 19, 2006 drawn up before Fathiah Helmi, SH, Notary in Jakarta, which deed was approved by the Minister of Law and Human Rights of the Republic of Indonesia on July 20, 2006 pursuant to Decree No.C2-21373 HT.01.04.TH.2006.

On September 8, 2006 the Company conducted Right Issue II of 8,151,000,000 (eight billion one hundred fifty one million) Series C shares with a nominal value of Rp.100 (one hundred rupiah) per share. The shares were listed on the JSX and BES on September 22, 2006.

The Company has amended its Articles of Association in compliance with the new Corporation Code through its Deed No. 1 on January 15, 2009, created by Sherley Ikawati Tambunan, SH., a Notary in the Bogor District and has been approved by the Minister of Law and Human Rights of the Republic of Indonesia, as stated in the Letter of Approval of the Minister of Law and Human Rights of the Republic of Indonesia, dated July 29, 2009, No. AHU- 36025.AH.01.02.Th.2009.

On September 8, 2009, the Extraordinary General Meeting of Shareholders of the Company approved to increase the issued and paid-up capital of the Company without Preemptive Rights to Rp.1,981,250,859,800 in accordance with the Minutes of Extraordinary General Meeting of Shareholders of PT SENTUL CITY Tbk Number 1 dated September 8, 2009 drawn up before Widijono, SH., MM., Notary in Bogor Regency, which Deed was received by the Ministry of Justice and Human Rights of the Republic of Indonesia, Directorate General of General Law Administration in accordance letter dated October 14, 2009 Number: AHU-AH.01.10-17742 on the Receipt of Notice of Amendment to Articles of Association of PT. Sentul City Tbk.

On December 29, 2009, the Company was granted approval by the General Meeting of Shareholders Extraordinary to conduct Right Issue III with Pre-emptive Rights of 15,025,512,897 Series C shares with a nominal value of Rp 100 per share or totally Rp.1.502.551.289.700 in accordance with the Deed of Minutes of Extraordinary General Meeting of Shareholders of PT Sentul City Tbk, No. 122 dated December 29, 2009 drawn up by Dr. Misahardi Wilamarta, SH., MH, M.Kn., LLM., Notary in Jakarta. The Minutes of Extraordinary General Meeting of Shareholders was restated in Deed of Resolutions of General Meeting of Shareholders of PT SENTUL CITY Tbk No. 54 dated January 28, 2010 drawn up before the same notary and the Deed was submitted to the Ministry of Justice and Human Rights of the Republic of Indonesia, Directorate General of General Law Administration pursuant to letter dated February 10, 2010 No. AHU-AH.01.10 3485 on Receipt of Notice of Amendment to the Articles of Association of PT. SENTUL CITY Tbk.

Based on Deed of Shareholders' Resolution of PT Sentul City Tbk, Number 93 dated February 15, 2010 which was drawn up before Dr. Misahardi Wilamarta, SH., MH, M.Kn., LLM., Notary in Jakarta, the Company amended its articles of association to comply with the Capital Market and Financial Institution Supervisory Agency Regulations (Bapepam-LK) number IX.J.1, attachment of the Decision of Chairman of Bapepam-LK Number Kep-179/BL/2008 dated May 14, 2008 on the Principles of the Articles of Association of Companies Conducting Equity Securities Public Offering and Public Companies, which Deed was received by the Ministry of Justice and Human Rights of the Republic of Indonesia, Directorate General of General Law Administration pursuant to Letter dated March 5, 2010, No. AHU-AH.01.10-05 577 regarding Receipt of Notice of Amendment to the Articles of Association of PT. SENTUL CITY Tbk.

On March 9, 2010 the Company was granted approval from the Extraordinary General Meeting of Shareholders to increase the authorized capital of the Company to Rp.13.500.000.000.000 pursuant to Deed of Shareholders' Resolutions of PT Sentul City Tbk, Number 36 dated March 9, 2010 drawn up by Dr. Misahardi Wilamarta, SH., MH, M.Kn., LLM., Notary in Jakarta, which deed was approved by the Minister of Law and Human Rights of the Republic of Indonesia on April 5, 2010 pursuant to Decree No.AHU- 16924.AH.01.02.Th.2010.

By Deed dated 24 September 2010 Number 36 drawn up before Stephanie Wilamarta, SH., Notary in Jakarta, which was accepted and registered with the Ministry of Justice and Human Rights of the Republic of Indonesia pursuant to the Receipt of Notice of Amendment to the Articles of Association of PT Sentul City, Tbk., dated October 7, 2010 Number AHU-AH.0110 2010-25389 after the execution of first warrant the Company's issued and paid-up capital was increased to Rp.3,833,840,501,000.

On August 3, 2011 the Company was granted approval from the Extraordinary General Meeting of Shareholders to increase its subscribed and paid in Capital Without Preemptive Rights to Rp.4.119.240.501.000, pursuant to the Deed of Shareholders' Resolutions of PT Sentul City Tbk., Number 49 dated August 22, 2011 which was drawn up before Dr. Misahardi Wilamarta, SH., MH, M.Kn., LLM., Notary in Jakarta, which Deed was accepted and registered with the Ministry of Justice and Human Rights of the Republic of Indonesia pursuant to the Receipt of Notice of Amendment to the Articles of Association of PT Sentul City Tbk. dated September 23, 2011 Number AHU-AH.01.10- 30301.

Based on the Deed PT SENTUL CITY Tbk, number 1, dated July 7, 2015, made by Elizabeth Karina Leonita, SH., M.Kn., a notary in the city of Bogor, the Company has adjusted its statutes by the Financial Services Authority Regulation No. 32 /POJK.04/2014, on the Implementation Plan for the General Meeting of Shareholders of Public Company, No. 33 / POJK.04 / 2014, on the Board of Directors and Board of Commissioners of Public Company, No. 33 / PJK.04 / 2014, on the Nomination and Remuneration Committee Issuer or Public Company, a deed which has been accepted by the Ministry of Law and Human Rights of the Republic of Indonesia, Directorate General of Legal Administration corresponding letter dated July 10, 2015, No. AHU-AH.01.03-0950442, Receipt of Notification regarding amendments of PT. SENTUL CITY Tbk.

On December 17, 2015, the Company has obtained approval from the Extraordinary General Shareholders Meeting to increase its authorized capital and issued/paid-up capital, through Capital Increase without Pre-emptive Rights, and therefore, the Company's authorized capital became Rp.14,000,000,000,000.- and its issued/paid-up capital became Rp. 4,276,225,026,000.- as stated in the Deed of Statement of the Resolutions of Meeting of PT SENTUL CITY Tbk., Number 9, dated December 17, 2015, drawn before Elizabeth Karina Leonita, SH., M.Kn., Notary in Bogor Municipality, which has obtained approval from the Minister of Law and Human Rights of the Republic of Indonesia Number AHU-0948654.AH.01.02.Tahun 2015, dated December 22, 2015 and has been received and registered in the Legal Entity Administration System of the Ministry of Law and Human Rights of the Republic of Indonesia, as proven by the letter of Receipt of Notification of Amendment to the Articles of Association of PT SENTUL CITY, Tbk., dated December 22, 2015 number AHU- AH.01.03-0990543.

The Company on February 7, 2017, has obtained the approval of the Extraordinary General Meeting of Shareholders to increase the Company's paid-up capital through the addtion of Capital With Pre-emptive Rights, as contained in the Deed of Minutes of Extraordinary General Meeting of Shareholders of PT Sentul City Tbk, Number 78, dated February 7, 2017, as reaffirmed by the Deed of PT Sentul City Tbk Meeting Decision Letter No. 122 datedc April 17, 2017, made by Elizabeth Karina Leonita, SH., M.Kn., Notary in the City Bogor, so that the paid-up capital of the Company becomes Rp. 6.348.420.756.600,- The Deed has been received and recorded in the Legal Entity Administration System of the Ministry of Justice and Human Rights of the Republic of Indonesia, as evident from the Letter of Acceptance of Notification of Amendment of the Article of Association of PT Sentul City, Tbk dated 25 April 2017 number AHU-AH.01.03-0130120.