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Media Release

2017-06-19

MedcoEnergi AGMS & EGMS Results

Jakarta, 19 June 2016 - PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") held on Friday 16 June 2017 its Annual General Meeting and Extraordinary Meeting of Shareholders (AGMS and EGMS).

The AGMS approved the 2016 Annual Report and 2016 Audited Consolidated Financial Statements of the Company, appointed a Registered Public Accounting Firm who will audit the Company’s Financial Statement for the year ended 31 December 2017 and fixed the remuneration of the BOD and the BOC for the period of January – December 2017.

MedcoEnergi released its 2016 Financial Results on March 31st and a copy of the Press Release is available on its website.

At the EGMS, the Shareholders also approved an extension of the implementation period for the Company’s previously approved Rights Issue program in 2016 and Shareholders also approved the 4:1 stock split of the Company’s shares.

The Company will shortly release its 2017 Q1 Audited Financial Results with an accompanying Press Release.

Hilmi Panigoro, President Director of PT Medco Energi Internasional Tbk, said "Last year, 2016 was a transformational year for MedcoEnergi. Two large acquisitions together with hard work and prudent implementation of our operational efficiencies resulted in increased revenue, EBITDA, Net Profit and share prices. We aim to continue to Deliver Value throughout 2017.”