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Loan facility from PT Sarana Multi Infrastruktur (Persero) to Company

On December 19, 2018, the Company signed loan agreement with PT Sarana Multi Infrastruktur (Persero), with amount up to USD 59,500,000. The facility period is for 4 (four) years, with interest rate of 1-month LIBOR plus 4.50% per annum. The facility is secured, among others, by Company’s fixed assets.

The loan facility will be used for power generation project.