Jakarta, Indonesia – 07 October 2020

MSIN Signed a Memorandum of Understanding (MOU) with Chorokbaem

On the 6th of October 2020, PT MNC Studios International Tbk (MSIN or the Company), a subsidiary of PT Media Nusantara Citra Tbk (MNCN), has signed a Memorandum of Understanding (MOU) with Chorokbaem Media Co Ltd (Chorokbaem), the biggest drama production house and one of the most reputable media company in South Korea.

The partnership with Chorokbaem comprises various areas of synergies including co- production of movies and TV series, cross-talent utilization on respective content production activities, cooperation on content production site in Indonesia & South Korea, content story adaptation, and other strategic collaboration & alliance that can escalate Indonesia and South Korea content industry, especially in the Asia region.

Amid the growing enthusiasm for Korean content in Indonesia, this partnership should serve as an additional leap forward for MSIN in the content production space. Through this agreement, the Company is set to provide Indonesian consumer with access to quality Indonesian-Korean centric quality series and movies.

The abrupt rise of the pandemic has made an optimistic impact on the OTT Industry globally, which is expected to observe remarkable growth owing to rising adoption of OTT platforms. The borderless content landscape as it is today, has made this a favorable step for MSIN, which now can lift its production quality and ultimately start showcasing Indonesian content on an international stage.

Chorokbaem is known for its world renowned drama series such as “Memories of Alhambra”, “W”, and “Another Miss Oh”, starring some of the most famous actors and actresses in South Korea, namely Hyun Bin, Lee Sun Gyun, Park Bo-young, Han Hyo-joo and many more.

Comments From Ella Kartika, President Director of MSIN: “I’m thrilled to be able to partner with one of the biggest and reputable content producer in Asia. Chorokbaem has a strong track record and an impeccable creative eye for must-see TV series. Here at MSIN, we are very serious in fulfilling our duty to find content partners that would respect and honor our mission, which is to first and foremost entertain Indonesian audience. I look forward to collaborating and creating award winning series with Chorokbaem and hopefully to create a continues mutually beneficial and longstanding relationship for both our companies.”

For more information, please contact:

Investor Relations: PT MNC Studios International Tbk Luthan Fadel Putra MNC Tower, 29th floor [email protected] Jl. Kebon Sirih Kav 17 - 19 Jakarta 10340 Samuel Christhopher Hartono Phone: 62-21 3913338 [email protected] Fax : 62-21 3910454

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