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Wednesday, July 29, 2020

United Tractors Recorded Net Income of Rp4.1 Trillion in the First Half 2020

PT United Tractors Tbk (“the Company”) today released its consolidated financial statements for the first half 2020. The COVID-19 pandemic and weakening coal price dampened the domestic market and impacted all the Company’s business units. This is reflected in the first half 2020 consolidated revenue that was down 23% to Rp33.2 trillion from Rp43.3 trillion. In line with the decrease in revenue, the Company’s net profit in the first half of 2020 decreased by 28% to Rp4.1 trillion compared to Rp5.7 trillion in the first half of 2019.   Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 46%, followed by 22% from Construction Machinery, 18% from Coal Mining, 12% from Gold Mining and 2% from Construction

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Thursday, June 11, 2020

PT United Tractors Tbk Distributes Rp4.5 Trilion or Rp1,213 per Share Cash Dividend for Financial Year 2019

JAKARTA: On Thursday, 11 June 2020, United Tractors (“UT/ the Company”) conducted the Annual General Meeting of Shareholders (“AGMS”) at Catur Dharma Hall, Menara Astra, Jakarta. The AGMS adopted the resolutions in brief as follows: 1. Approved and accepted the Annual Report for the Financial Year 2019, including ratify the Supervisory Report of Board of Commissioners and ratify the Consolidated Financial Statements of the Company and Subsidiaries for the Financial Year 2019 audited by the Public Accounting Firm of Tanudiredja, Wibisana, Rintis & Rekan, as stated in their report dated 21 February 2020, rendering fair opinion in all material respects. 2. Approved the utilization of profits of Rp11.3 trillion as follows: to distribute as a cash dividend Rp1,213 per share or equal to the

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Monday, April 27, 2020

United Tractors Recorded Net Income of Rp1.8 Trillion in the First Quarter 2020

PT United Tractors Tbk (“the Company”) today released its consolidated financial statements for the first quarter 2020. The global economy slowdown and weakening coal price have heavily impacted the domestic market and brought challenges to the Company’s business units. This is reflected in the first quarter 2020 consolidated revenue that was down 19% to Rp18.3 trillion from Rp22.6 trillion. The lower net revenue added with foreign exchange loss have led to a decrease in the Company’s net profit, which was recorded at Rp1.8 trillion, down 40% from Rp3.1 trillion. Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 45%, followed by 24% from Construction Machinery, 18% from Coal Mining, 11% from Gold Mining and 3% from Construction

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Friday, February 28, 2020

Novendra Priasmoro Berhasil Meraih Grand Master Berkat Dukungan United Tractors

  Novendra Priasmoro berhasil menjadi GM ke-8 Indonesia. Setelah menunggu 16 tahun (terakhir Susanto Megaranto jadi GM tahun 2004) akhirnya Indonesia melahirkan seorang GM lagi. Hal ini terjadi pada babak 7 turnamen catur Liberec Open yang berlangsung di Liberec, Ceko, Kamis (27/2) malam setelah Novendra mencetak kemenangan beruntun untuk ketujuh kalinya dengan mengalahkan IM Klaudia Kulon (2335) dari Polandia. Novendra menang pada langkah 25 pembukaan Serangan Trompowsky.   Kemenangan tersebut selain memperkokoh dirinya sebagai pemimpin klasemen sementara dengan angka sempurna 7 poin, juga memastikan kebutuhan tambahan rating sebanyak 11 poin untuk memenuhi persyaratan rating GM sebesar 2500 terlampaui. Ia mendapat tambahan 2,9 poin lagi sehingga tabungan rating Novendra sudah mencapai 11,4 poin. Pertandingan masih dua babak lagi, Novendra menargetkan

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Thursday, February 27, 2020

United Tractors Recorded Net Income of Rp11.3 Trillion for 2019

PT United Tractors Tbk (“the Company”) concluded the year of 2019 with consolidated net revenue of Rp84.4 trillion or decreased by 0.2% from Rp84.6 trillion in 2018, due to lower performance of Construction Machinery and offset by new contribution from Gold Mining segment. However, with full contribution from Gold Mining segment in 2019, the Company’s net profit increased by 2% to Rp11.3 trillion compared to Rp11.1 trillion in 2018.    Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 47%, followed by 27% from Construction Machinery, 13% from Coal Mining, 9% from Gold Mining and 4% from Construction Industry.   Construction Machinery Segment    Construction Machinery recorded a decrease in Komatsu sales volume by 40% to

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