Jakarta, 27 July 2022 – PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") held its Annual General Meeting of Shareholders (AGMS) on July 27, 2022.

Shareholders approved the payment of a US$35 million cash dividend from the profit for the 2021 financial year.  The dividend will be paid in late August and is slightly above the previous guidance of IDR 15-20 per share.

Shareholders also approved the appointment of the auditor for 2022, approved the Annual Report and Audited Financial Statements for the year ended December 31, 2021 and approved the remuneration for the Board of Commissioners and Board of Directors.

Hilmi Panigoro, President Director of MedcoEnergi said, "I am pleased with our strong operational and financial performance in 2021 and the robust forecast for the next several years.  This has allowed us to distribute a dividend in recognition of the continued support of our shareholders.”