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Nextnation wishes to announce that Godynamic Investments Limited (“Godynamic”), an indirect wholly-owned subsidiary of the Company, had subscribed for 252,000 ordinary shares of IDR9,345 (USD1.00) each at par value in PT Flower Star Media (“PT Flower”), representing 84% of the entire issued and paid-up share capital of PT Flower for a total cash consideration of IDR2,354,940,000 (USD252,000).

Godynamic had also subscribed for 25,200 ordinary shares of IDR100,000 each at par value in PT Semesta Tirta Antara Raya (“PT Semesta”), representing 84% of the entire issued and paid-up share capital of PT Semesta for a total cash consideration of IDR2,520,000,000.

Information on PT Flower

PT Flower has an authorised capital of IDR2,803,500,000 (USD300,000) comprising 300,000 ordinary shares of IDR9,345 (USD1.00) each, of which 300,000 ordinary shares of IDR9,345 (USD1.00) each at par value have been issued and fully paid up.

The principal activities of PT Flower are content aggregation, application development and provision of information technology services.

Information on PT Semesta

PT Semesta has an authorised capital of IDR5,000,000,000 comprising 50,000 ordinary shares of IDR100,000 each, of which 30,000 ordinary shares of IDR100,000 each at par value have been issued and fully paid up.

The principal activities of PT Semesta are research and development in wireless information technology and provision of information technology consultancy services.

Directors' and Substantial Shareholders' Interests

None of the Directors of the Company or persons connected to them has any interest, direct or indirect, in the aforesaid subscriptions. The Directors of the Company are not aware of any substantial shareholders of the Company or persons connected to them who have any interest, direct or indirect, in the aforesaid subscriptions.

Following the aforesaid subscriptions, PT Flower and PT Semesta shall be deemed indirect subsidiaries of Nextnation.