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OJK Approves BABP Rights Issuance

2 September 2021

Jakarta, September 1, 2021

PT Bank MNC Internasional Tbk (MNC Bank or BABP), a subsidiary of PT MNC Kapital Indonesia Tbk (BCAP), has received an Effective Statement from the OJK yesterday, August 31, 2021 to carry on the Company’s planned rights issuance.

Rights Issue Agenda to Support Growth
BABP plans to raise capital through a non-dilutive rights issuance, targeting up to 14,234,614,922 series B shares, with one to two (1 new share for 2 existing shares) a maximum of 33.33% of the total paid-in capital after the right issue. With a rights execution price of IDR318, BABP targets to raise fresh funds of up to IDR4.5 trillion (USD312 million).