PT TBK (“MNCN”) BUSINESS UPDATE

Jakarta, – 7 October 2019

RCTI+ RECORDED EXCELLENT GROWTH IN TRAFFIC Since its launch on 23 August 2019, Monthly Active Users (MAU) has grown to exceed 1 million at the end of September 2019, making RCTI+ as the fastest growing Video Streaming OTT platform in the country. RCTI+ targets its MAU to exceed 5 million with an estimated revenue of $5 million at the end of 2019. For the year 2020, RCTI+ targets its MAU to over 20 million with a revenue of $30 million, close to 5% of MNCN revenue in that year.

MNCN’S YOUTUBE MULTI CHANNEL NETWORK (MCN) BUSINESS CONTINUES TO GENERATE STRONG TRAFFIC MNCN officially becomes MCN in August 2019 and generates 1.78 billion views for a period of two months up until the end of September 2019. Together with other MNCN’s Youtube’s channels, the total traffic generated has reached 21.1 billion views, equivalent to 5.48% of Youtube’s traffic in Indonesia vs total content uploads by MNCN that stood at 3.43% of total content upload in Youtube from Indonesia. This indicates that MNCN contents are amongst the most attractive content for Youtube’s Indonesian audience. As a result, MNCN has maintained #1 position in views and subscribers amongst all Indonesian local content in Youtube.

MNCN CONTINUES TO PLACE FIRST IN PRIME TIME TV AUDIENCE SHARE On Wednesday, 2 October 2019, MNCN’s prime time audience share reached 41.8% with the breakdown as follows:

FTA TV Audience Share Variance (+/-) RCTI 21.3 +2.9 MNCTV 11.8 +1.4 GTV 7.5 +0.4 INEWS 1.2 -0.9 SCTV 17.0 +1.3 IVM 12.4 +3.2 8.5 -1.1 8.3 -4.0 TRANS 7.4 +0.8 TVONE 2.3 -3.3 METRO 1.1 -0.5 TVRI 1.1 -0.3

1 | P a g e

MNCN prime time maintains its stronghold with its prime time regular drama and other regular contents. In addition, MNCN special contents such as talent search show and music & award shows, also continue to perform well in ratings. The monetization/sales revenue of special programs are much less dependent on ratings due to its reach, viral power, and positive image, that bodes well with clients product marketing objectives despite its sponsorship nature.

Moving forward into Q4-2019, MNCN will continue its successful programming line-up with various contents as follows:

FTA TV Program Name RCTI  Friendly Match – Indonesia U19/U23 vs Iran  Silet Awards   AMI Awards  Sea Games 2019  Master Chef  RCTI Awards  Monthly Music Concerts MNCTV  MNCTV Anniversary  Anugrah Dangdut  Road To Kilau Raya GTV  Indonesia  Z Pop  GTV Anniversary  Great Magician INEWS  INEWS Anniversary

MNCN strength in content production is well supported by its integrated infrastructure that ensures its production quality. Here is the example of Indonesia Television Awards show broadcasted from Studio RCTI+, the largest broadcast studio in Asia, on 24 September 2019 (https://drive.google.com/file/d/1gaBP2sJeWruEigLmgh_B44I5Z0l5IkAC/view?usp=sharing).

2 | P a g e

Comments from Hary Tanoesoedibjo, Group Chairman MNC Group: “I am confident with the recent development whereby digital ads dan content revenue has become a strong growth driver. 1H-2019 growth of 15% in revenue was supported by Digital ads & Content revenue increasing by 48% YoY from Rp 839 billion to Rp 1,238 billion, which represented 25% of the total revenue. These digital ads and content revenue should reach over 40% by 2022 and 50% by 2024, due to the Company’s expected increase in market share and the significant growth of internet advertising and digital content for the next several years”.

For more information, please contact:

Investor Relations: PT Media Nusantara Citra Tbk. Luthan Fadel Putra MNC Tower, 29th floor [email protected] Jl. Kebon Sirih Kav 17-19 10340 Veranika Gunawan Phone: 62-21 3913338 [email protected] Fax : 62-21 3910454

DISCLAIMER By accepting this Press Release, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this Press Release have not been independently verified, and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this Press Release as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this Press Release are provided as at the date of this presentation and are subject to change without notice. Neither the company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this presentation.

In addition, the information contained in this Press Release contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those forecasts and projected.

This Press Release is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto.

Any investment in any securities issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities.

3 | P a g e