Telkom Indonesia Persero

-14.28%

The disruption of political stability and social instability to specific issues

The change of global, regional, or Indonesian economic activities

The fluctuation of Rupiah Exchange rate

The increase of loan interest rate

The decrease of Government or Company’s credit rating

Flood, thunder, storm, earthquake, tsunami, volcano eruption, epidemic, fire, drought, power shut down and other event beyond Telkom’s control.

Indonesian corporate information disclosure standard is significantly different than what is implemented in other countries including the United States of America

The difference in the regulation of dividend determination

The issue on the legal certainty in Indonesia and United States of America including the implementation of law

The possibility on the difference in the interest of controlling Shareholders with the interest from other Shareholders

The failure in the sustainability of network operation, main system, gateway on Telkom’s network or other operator’s network

Threat of physical and cyber security, such as theft, destruction, or other action

Risk regarding internet service

Leak of revenue due to the internal capability weakness or external factor

The limit of operation period, damage or ruin, delay or failure to launch, or the revocation of satellite license

Interest Rate Risk

Foreign exchange rate risk

The limit to fund capital expenditure

Penalty/fine by KPPU in relation to the price-fixing and the occurrence of class action

The change of Indonesian or International Regulation

Losing the cable phone customers and revenue from the service of cable phone voice call

Competition on the internet service (Fixed Broadband).

The competition on mobile service

1. Competition: Telkom Indonesia Persero, Tbk faces stiff competition from both local and international players, which creates risks related to price competitiveness and customer outreach.

2. Regulation Risk: The Indonesian telecommunications industry is highly regulated which creates risks related to compliance costs and operational restrictions.

3. Technology Risk: Telkom Indonesia Persero, Tbk is facing a range of risks related to technological development and the pace of innovation.

4. Cybersecurity Risk: Given the complexity of networks and the nature of digital services, cybersecurity risk poses a real threat to the company’s operations.

5. Financial Risk: Telkom Indonesia Persero, Tbk’s operations involve large investments which can expose the company to financial risk from currency volatility and interest rate fluctuations.