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Media Release

2017-05-04

MedcoEnergi Plans for Stock Split

Jakarta, 4 May 2017 – PT Medco Energi Internasional Tbk, (“Company”) has filed an agenda with the Financial Services Authority (OJK) for the forthcoming June 16th 2017 Annual General Meeting of Shareholders. In addition, the Company filed notice that it will also request shareholders to approve a 4 for 1 stock split.

The Company is also finalizing its proposal to the OJK for the rights issue approved by shareholders in the Extraordinary General Meeting in September 2016.

Hilmi Panigoro, President Director of PT Medco Energi Internasional Tbk, said that “This stock split reflects our confidence in the underlying value of our assets and will be followed later this year by a rights issue that will confirm our commitment to return value and reward our shareholders.”