Completion of 40.0% Investment in Bank Danamon by MUFG Bank

03 August 2018


Jakarta, 3 August 2018. PT Bank Danamon Indonesia Tbk (“Bank Danamon”) has been informed by its controlling shareholder Asia Financial (Indonesia) Pte. Ltd. (“AFI”), a wholly-owned subsidiary of Fullerton Financial Holdings Pte. Ltd., that MUFG Bank, Ltd. (“MUFG Bank”), previously known as The Bank of Tokyo-Mitsubishi UFJ, Ltd., has increased its investment in Bank Danamon to 40.0% shareholding interests effective 3 August 2018. MUFG Bank acquired (directly or indirectly) an additional 20.1% from AFI and other affiliated entities, as part of Step 2 of the proposed transaction outlined in its announcement on 26 December 2017.

The additional 20.1% in Bank Danamon was acquired based on valuation of Bank Danamon at a price of IDR 8,921 per share. This price was based on a 2Q 2018 P/B of 2.0X with certain adjustments applied.

MUFG Bank is now a controlling shareholder with 40.0% shareholding interests. AFI remains a controlling shareholder with 33.8% shareholding interests in Bank Danamon.

Please refer to the following announcements for more information.

Link:

- MUFG Announcement: http://www.bk.mufg.jp/global/newsroom/news2018/pdf/newse0803_English.pdf

- Bank Danamon’s 26 December 2017 Announcement: https://www.danamon.co.id/en/tentang-danamon/beritadanamon/berita/2017/12/26/13/16/news-article

As one of the largest banks in Indonesia, Bank Danamon’s focus is on delivering long term value to all its stakeholders and shareholders. During this period, Bank Danamon remains committed to its strategy and business operations will continue as usual.

All parties are advised to exercise caution when trading their shares.

For further information, please contact:

Atria Rai
Head of Corporate Communications
Email: corporate.communications@danamon.co.id