Board of Director PT Waskita Karya (Persero) Tbk (“the "Company”) hereby invites the Shareholders to attend the Extraordinary General Meeting of Shareholders (““Meeting”)”) which will be held on :

The agenda:

• Approval on amandements to the Articles of Association of the Company related to the implementation of State-Owned Enterprise Holding Company for Infrastructure Sector.

Explanation:

1. According to (i) Articles 25 Paragraph (5) Articles of Association of the Company (ii) Otoritas Jasa Keuangan Regulation No. 32/POJK.04/2014 regarding the Planning and Holding General Meetings of Shareholders of Public Limited Companies (“POJK 32”) and Otoritas Jasa Keuangan Regulation No. 10/POJK.04/2017 dated 14 March 2017 as amended by Otoritas Jasa Keuangan Regulation No. 10/POJK.04/2017 dated 14 March 2017, therefore the amandements to the Articles of Association of the Company requires an approval from General Meeting of Shareholders with a quorum as regulated in Articles 29A Paragraph B POJK 10;
2. Amandements to the Articles of Association of the Company based on the proposal of the Shareholders according to the letter from the Ministry of State Owned Enterprises dated 13 December 2018;

Amandements to the Articles of Association of the Company consists of:

• Amandements of the Article 1 regarding Name and Domicile;
• Amandements of the Article 1 regarding Shares;

Notes:

1. The Company will not send a separate invitation to the Shareholders because this Invitation is deemed as an official invitation.
2. Those entitled to attend or be represented in the Meeting are Shareholders whose names are registered in the Company's Shareholders or the owners of securities account balances at the Collective Depository of PT Kustodian Sentral Efek Indonesia at the closing of shares trading on Wednesday, 9 January 2019 at 16.00 WIB
3. The Shareholders who are unable to attend at the Meeting can be represented by their representatives. Members of the Board of Director, members of the Board of Commissioners and employees of the Company may act as representatives of the Shareholders of the Company in this Meeting but the votes they cast as representatives at the Meeting are not counted in the voting, with due regard to the provisions in Article 31 POJK 32, on The General Meeting of Shareholders of Public Companies as amended by the Otoritas Jasa Keuangan Regulation No. 10/POJK.04/2017, dated 4 March 2017, if there is a voting, the Shareholders are not entitled to give power of attorney to more than a representative for a portion of the shares owned by them for different votes.
4. The Power of Attorney form can be downloaded on the Company's website (www.waskita.co.id) and can also be obtained during office hours at:

5. The complete Power of Attorney must be received by the Company no later than 29 January 2019 until 16.00 WIB through the office of the Company's Securities Administration Bureau.
6. Based on the Articles 15 of the Otoritas Jasa Keuangan Regulation No. 32/POJK.04/2014, The materials of the Meeting are available since the invitation of the meeting up until the execution of the meeting. Materials of the meeting can be obtained at Company’s Head Office during working hour if requested upon written letter by the shareholders.
7. Shareholders of the Company or the Representatives of the Shareholders of the Company who will attend the Meeting are required to submit a photocopy of the Identity Card (KTP) or other proof of identity both those who authorize and those authorized before entering the Meeting room. For the Company's shareholders in the form of legal entities, they are obliged to bring a photocopy of the articles of association of the company and their amendments and the latest composition of the board. The Shareholders of the Company whose shares are included in the collective custody of the Indonesian Central Securities Depository are required to submit a Written Confirmation for the Meeting (KTUR) that can be obtained at the securities company or at the custodian bank where the Shareholders open their securities accounts.
8. To facilitate the arrangement and orderliness of the Meeting, the Shareholders or their Representatives are kindly requested to arrive at the Meeting venue at least 30 minutes before the Meeting begins

Jakarta, 10 Januari 2019

Board of Director

BOARD OF DIRECTORS