For Immediate release May 8th ‘2020 • Q1 2020 Net Profit up 13% yoy

• Annual General Meeting approved 2019 Dividend of Rp110/share and fresh five- year term of current Board of Directors

• The 2019 Final Dividend Payout of Rp50/share on June 3, 2020

• AKR donates real time PCR test equipment and test kits for COVID, also several personal protective equipments

Q1 2020 Net Profit up 13% yoy PT AKR Corporindo Tbk announced its Q1 2020 results on April 28, 2020 with reported Net Profit for the Period of Rp228 bn (growth of+13% y/y) during Q1 2020. It was supported by Gross Profit growth of +29% y/y at Rp558bn and Operating Profit growth of 32% at Rp339 bn. The performance was supported by steady contribution from Trading and Distribution business and a boost from Industrial Estate.

Consolidated Financial Statements as of March 31’2020

Press Release Result March 20 (EN)

Press Release Result March 20 (ID)

Annual General Meeting of Shareholders on April 30’ 2020 PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ), held Annual General Meeting of Shareholders ("AGM") for the 2019 financial year on April 30, 2020 at Gallery West Meeting Room, Kebun Jeruk, Jakarta. The shareholders approved the Board of Directors recommendation on dividend payout of Rp 441.6 billion from Net Profit of Rp. 717.2 billion for the year ended December 31, 2019. The approved dividend of Rp110 / share is equal to payout of 61.6%. The meeting approved the following five resolutions

1. Directors 'Reports, Commissioners' Reports, Financial Statement, and the Company's Annual Report for the fiscal year ending December 31, 2019 and granted acquit et de charge to all the Members of BOC and BOD for their actions and oversight during the year ended 31st December 2019

2. Approved the Use of the Company's net profit for the year ending in December 31, 2019.

3. Appointment of an Purwantono, Sungkoro & Surja (a member firm of Ernst & Young Global Limited) as Independent Public Accountant Firm that will audit the Company's books for the fiscal year ending on December 31, 2020.

4. Approved the changes in the composition of the Company's Management.

5. Determination of salary and other benefits of members of the Company's Directors as well as honorarium and other benefits of members of the Company's Board of Commissioners.

Press Release Result AGM 20 (EN)

Press Release Result AGM 20 (ID)

Board of Commissioners & Directors for period 2020 - 2025

Amid the Covid-19 emergency situation, the Company followed the government's physical distancing policy and held the AGM as per the PSBB Norms. It was physically attended by Mr. Haryanto Adikoesoemo (President Director), Mr. I Nyoman Mastra (Commissioner), Mr. Suresh Vembu (Director and Corporate Secretary) with other members of the Board of Commissioners and Board of Directors participating by Video Conferencing.

AKRA UPDATE May 8 ‘2020

PT AKR Corporindo Tbk May 8th, 2020

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The Cash dividend of Rp 110 per share will be paid to shareholders after deducting the interim dividend paid; The Company had earlier announced interim dividend of Rp 60 / share that was paid on August 16, 2019. The remaining cash dividend of Rp 50 / share will be paid on June 3, 2020. Details of dividend payment schedule are as follows:

Date Cum Dividend at regular market and negotiation market 12 May 2020 Ex Dividend at regular market and negotiation market 13 May 2020 Cum Dividend at cash market 14 May 2020 Ex Dividend at cash market 15 May 2020 Dividend Recording Date 14 May 2020 Payment of Cash Dividend 3 June 2020

Corporate Social Responsibility for Handling Covid-19 AKR donates real-time PCR (Polymerase Chain reaction) test equipment, test kits for COVID, and several personal protective equipments; masks, hazmat suits, safety goggles, safety boots, safety gloves, helmet face shield anti-shatter, to several hospitals and institutions in Greater Jakarta Area, Jawa Barat, Jawa Tengah, Jawa Timur, Bali, Kalimantan Barat, dan Sulawesi Utara. Here some Hospitals that have accepted our donation;

1. RSUD Karawang 2. Puskesmas Johar Baru Jakarta Pusat 3. Indonesian Ministry of Health, directly accepted by The Minister, DR. dr Terawan Agus Putranto 4. RS Bhayangkara Tk I Raden Said Sukanto 5. RSAL Mintoharjo 6. RS ST Carolus 7. RS Islam 8. RS Pelindo II 9. RS UKI 10. RS Umum Pusat Sanglah, Bali 11. Head of Task Force for the Acceleration of Handling COVID 19 Sulawesi Utara 12. District Government of Mempawah, Kalimantan Barat 13. RSUD DR. Soedarso, Kalimantan Barat 14. RSUD Dr. Abdul Aziz, Kalimantan Barat 15. RSAU DR. M. Salamun, Bandung, Jawa Barat

PT AKR Corporindo Tbk May 8th, 2020

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16. RS Bhayangkara Prof.Awaloedin Djamin, Semarang, Jawa Tengah 17. Task Force for the Acceleration of Handling COVID 19 Surabaya, Jawa Timur 18. RSAU dr. Efram Harsana, Madiun, Jawa Timur 19. RS Adi Husada Undaan Wetan, Surabaya, Jawa Timur 20. RS Pelindo Husada Citra, Surabaya, Jawa Timur

With a spirit of togetherness, We in AKR pray that Indonesia controls the spread of COVID19, and patients recover at the soonest

Division of Investor Relation PT AKR Corporindo Tbk PT AKR Corporindo Tbk PT AKR Corporindo Tbk (the Company) was formally established in Surabaya in 1977 and was listed on the Indonesian Stock Exchange in 1994. The Company is Indonesia’s leading supply chain and logistics provider for petroleum products and basic chemicals. The Company is also the first private company appointed by the Government of Indonesia to distribute subsidized petroleum. AKR brings over 5 decades of experience in operating terminals for bulk chemicals and petroleum products and has an extensive network of logistics facilities. AKR’s infrastructure comprises of tank storage terminals with combined storage capacity of 666,000 KL, spread across Indonesia’s archipelago in over 15 sea and river ports. Disclaimer This communication is solely for the addressee(s) and may contain confidential or privileged information. This publication does not have regard to specific investment objectives, financial situation and the particular needs of any specific person or entity who may receive this report. Accordingly, neither we nor any of our affiliates nor persons related to us accept any liability whatsoever for any direct, indirect or consequential losses or damages that may arise from the use of information or opinions in this publication. Many factors, including those discussed more fully elsewhere in this release and in PT AKR Corporindo Tbk or its affiliates' filings with the respective regulatory authorities particularly their quarterly financial statements, annual reports, corporate presentations as well as others, could cause results to differ materially from those stated. Opinions expressed may be subject to change without notice.