PT Matahari Putra Prima Tbk : MPPA Sends Condolence For The Passing Of Rudy Ramawy, The Company's Chairman

PRESS RELEASE

MPPA SENDS CONDOLENCE FOR THE PASSING OF RUDY RAMAWY, THE

COMPANY'S CHAIRMAN

Tangerang, September 23, 2022 - With great sadness, PT Matahari Putra Prima Tbk ("MPPA") announced today that Mr. Rudy Ramawy, the Company's President Commissioner, passed away on September 22, 2022 in Jakarta. He was survived by his wife and two children.

The Board of Commissioners, Directors, Management team and staffs of MPPA sincerely express deepest sympathy and condolences to his family.

Mr. Rudy Ramawy, joined the Company as Independent Commissioner in 2018 and appointed as President Commissioner in 2022. He had more than 25 years in experience and leadership at various industries related to consumers. Within 2012-2015, he was the Country Director of Google Indonesia. He was the Founder and Managing Partner of Venturra Capital, which invests in early/growth stage technology ventures across the region. On top of his professional ventures, he had an active role as a volunteer and mentor in various community development and other projects.

Adrian Suherman, President Director of MPPA says: "On behalf of the entire MPPA, we would like to extend our utmost condolences to Rudy's family and many colleagues he impacted throughout his life. Rudy stood strong with his professionalism, integrity, creativity and personality which brought positive impacts and joy to the Company and people surrounding him. He will be always remembered."

May Rudy rests in peace.

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For further information, please contact:

PT. Matahari Putra Prima Tbk.

Email: corporate.communication@hypermart.co.id

Website:http://mppa.co.id

This press release has been prepared by PT Matahari Putra Prima Tbk (MPPA) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of MPPA. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. MPPA disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press release and neither MPPA nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements

PT Matahari Putra Prima Tbk

Gajah Mada Plaza Lt. SG. Jl · Gajah Mada No. 19-26 Petojo Utara · Gambir - Jakarta Pusat 10130 · Indonesia

Kantor Pusat Operasional

Hypermart Cyberpark, UG Floor · Jl. Sultan Falatehan · Lippo Karawaci Utara - Tangerang · Banten 15138 · Indonesia Tel. +62 21 5081 3000 · Fax +62 21 8061 5757 · www.mppa.co.id

Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will", "expects" and "anticipates" and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for our developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and objectives of our management for future operations; generation of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among others, materialize; actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although we believe that the expectations of our management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

PT Matahari Putra Prima Tbk

Gajah Mada Plaza Lt. SG. Jl · Gajah Mada No. 19-26 Petojo Utara · Gambir - Jakarta Pusat 10130 · Indonesia

Kantor Pusat Operasional

Hypermart Cyberpark, UG Floor · Jl. Sultan Falatehan · Lippo Karawaci Utara - Tangerang · Banten 15138 · Indonesia Tel. +62 21 5081 3000 · Fax +62 21 8061 5757 · www.mppa.co.id