PT Dayamitra Telekomunikasi Tbk (Mitratel) IDX: MTEL announced plan to carry 
out share buyback with the maximum amount of IDR 1 trillion or about 5.3% of 
its paid-up capital. This corporate action will be implemented within three 
months following its public disclosure, which started from June 2nd to 
September 2nd, 2022.

The corporate action is in accordance with OJK Circular Letter No. 
3/SEOJK.04/2020 on Other Condition in Significantly Fluctuated Market Condition 
in the Implementation of Share Buyback Issued by the Issuers or Public Company. 
The global economy is under pressure due to fears of global economic downturn, 
which impacted the global capital markets including Mitratel.

The share buyback shall not affect the financial condition of the Company 
considering Mitratel has sufficient working capital to carry out the share 
buyback and to finance its business activities. Mitratel is committed to 
continuously monitoring the market and macroeconomic trends to ensure the 
optimization, as well as the effectiveness of this corporate action.

President Director of Mitratel, Theodorus Ardi Hartoko stated that this share 
buyback is the commitment from management to increase values for shareholders, 
as well as improve the overall fundamental ratio of the company.

Referring to the company's outstanding Q1 2022 performance, which booked profit 
of IDR 459.40 billion in Q1/2022, representing 33.86% YoY growth. The company's 
revenue also surged by 21.45% YoY to IDR 1.87 trillion in Q1 2022.

For more information:

PT. Dayamitra Telekomunikasi Tbk (Mitratel)

Website : www.mitratel.co.id

Email: investor.relations@mitratel.co.id

Source: PT Dayamitra Telekomunikasi Tbk (Mitratel)