MNC Asset Management’s Explanation In Response to Media Coverages

Jakarta, June 25, 2020 - After the report of the announcement of 13 corporate suspects over alleged corruption cases of PT Asuransi Jiwasraya (Persero) ("Jiwasraya") circulating in the media, MNC Asset Management ("MAM") confirmed that MAM would follow the applicable legal process and is committed to help the Attorney General’s Office (“AGO”) to resolve the case.  The following are clarifications from MAM’s management:

1. Reksa Dana Syariah Ekuitas II managed by MAM is a single investor product owned by Jiwasraya and is not related to any other mutual fund products;

2. Portfolios in the Reksa Dana Syariah Ekuitas II are determined by Jiwasraya, in which every purchase and sale of the portfolio is executed on Jiwasraya´s instructions;

3. Regarding the news of MAM being a suspects over Jiwasraya case, until the publication of this release, we have not received an official notification from the AGO. MAM will further examine its status on this case;

4. As for internal data, we believe that we have not committed any violation of the law. We will coordinate with our legal consultant / lawyer to conduct analysis and make any clarification needed over MAM’s status as the suspect.

MAM is committed to support the government to resolve the case and will cooperate in the ongoing court proceedings at the AGO. In addition, MAM always strives to provide the best service to our customers. Customers are encouraged to remain calm, MAM will take all actions deemed necessary to protect the customers´ interests.

This statement is written to answer various questions from investors, as well as clarification of the news circulating in the media.