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PT BANK YUDHA BHAKTI, Tbk (The "Company")

THE RESULTS OF ANNUAL AND EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

The Board of Directors of PT Bank Yudha Bhakti, Tbk. (the "Company") hereby announces to the shareholders of the company, that the company has held the Annual and Extraordinary General Meeting of Shareholders (the "Meeting") at:

Day/date : Monday, April 17th, 2017

Time : 14.19 am (West Indonesian Time) – 16.45 am (West Indonesian Time)

Location : PT Bank Yudha Bhakti Tbk

Gozco Building, Jl Raya Pasar Minggu Kav. 32, South Jakarta

The agenda of the annual general meeting of shareholders based on the change order that was agreed in the meeting :

1. Approval of the Annual Report and validity of the Annual Financial Statements of the Company for the fiscal year which ends on December 31, 2016.

profit use for the fiscal year ending on December 31, 2016.

3. accountability report on realization of the planned use of proceeds from the Initial Public Offering (IPO) and the Limited Public Offering I (LPO I)

4. Repayment and acquit et de charge to the Board of Directors and Board of Commissioners for management and supervision that have been carried out during 2016.

5. Approval of the delegation of authority of General Meeting of Shareholders to the Board of Commissioners to determine or appoint Public Accounting Firm (KAP) to conduct an examination of the Financial Statements of the Company which will end on December 31, 2017.

The Agenda of the Extraordinary General Meeting of Shareholders:

1. Changes in the board of the Company.

2. The public offering of debt securities (Subordinated Bonds).

3. Expenditure shares in deposit through Limited Public Offering II (LPO II) to shareholders with Right to Provide Securities preemptively.

4. Distribution of Bonus Shares to the shareholders.

The presence of the Board of Commissioners and Board of Directors:

The meeting was attended by the Board of Commissioners and directors as follows:

The Board of Commissioners

President/Independent Commissioner : Mr. Suprihadi

Independent Commissioner :Mr. I Putu Soekreta Soeranta Commissioner : Mr. Tjandra Mindharta Gozali Commissioner : Mr. H. Rianzi Julidar, S.IP,

SH., MSc

The Board of Directors

President Director : Mr. Arifin Indra Sulistyanto Director of Consumer : Mrs. Dian Savitry

Director of Commercial : Mrs. Ningsih Suciati Director of Compliance : Mr. Iim Wardiman

A Presence Quorum:

- Annual General Meeting was attended by Shareholders and Proxy Shareholders representing the amount of 3,919,602,059 or 93.18 % Of the votes of the total 4,206,362,690 shares that have been issued by the Company up to the date of March 23rd , 2017 at 16:00 pm (recording date).

- Extraordinary General Meeting was attended by Shareholders and Proxy Shareholders representing the number 3.952.261.885 or 93.96% of the votes of the total 4,206,362,690 shares that have been issued by the Company until March 23rd, 2017 at 16:00 pm recording date).

Mechanism of Discussion:

Shareholders and Proxy Shareholders to ask questions after the presentation is completed. If there is a question of Shareholders or Proxy Shareholders then welcome to raise their hands first followed by the submission of questions. Questions are answered only the questions related to the meeting agenda. During the meeting takes place, there are 6 (six) Shareholders or Proxy Shareholders who submit questions or give opinions and have been briefed and the response of the leaders meeting or a party appointed by the leaders Meeting. Meeting closed until the leaders has ensured there is no longer a question of Shareholders or Proxy Shareholders.

Mechanisms for Making Decision:

- General Meeting of Shareholders is valid if approved by more than ½ (one half) of the shares with voting rights present at the meeting. And for the entire meeting agenda was approved unanimously by all shareholders or proxies of shareholders present at the Meeting.

- the first, second and third Resolutions of Extraordinary General Meeting of Shareholders are valid if approved by more than ½ (one half) of the shares with voting rights present at the meeting. As for the fourth meeting agenda is valid if approved by more than 2/3 (two thirds) of the total shares with voting rights present at the meeting. And for the entire meeting agenda was approved unanimously by all shareholders or proxies of shareholders.

Results of the Annual General Meeting of Shareholders:

The First Meeting Agenda

year which ends on December 31, 2016, including ratified the Supervision Report of the Board of Commissioners of Company.

2. Ratified the Annual Financial Statements of the Company for the fiscal year ending on December 31, 2016 audited by Public Accounting Firm (KAP) Hendrawinata, Eddy Siddharta & Tanzil with the fair opinion in all material respects, as stated in its Report dated January 30th, 2016 No. 001/02/WA/II/2017.

The Second Meeting Agenda

To approve the use determination of Net Income for the fiscal

year ended on December 31st, 2016 amounting to Rp.

67,987,148,832, - (sixty seven billion nine hundred and eighty seven million, one hundred forty-eight thousand eight hundred and thirty-two rupiah) hereinafter referred to as "Net Income in 2016" amounted to 100% (one hundred percent) is recorded as retained earnings of the Company, to strengthen the long-term capital and in order to support the business growth of the Company.

The Third Meeting Agenda

Receiving Reports Accountability Realization Plan Use of Proceeds from Initial Public Offering (IPO) and the Limited Public Offering I (LPO I) per December 31st, 2016 in accordance with the report of the Company to the OJK through a letter No. 021 / SET / DIR / ByB-Tbk / IV / 2016 April 8, 2016 and letter No. 002 / SET / DIR / byB-Tbk / I / 2017 dated January 11, 2017.

The Fourth Meeting Agenda

Give a release and discharge responsibilities (aquit et decharge) to the Board of Directors and the Board of Commissioners for the management and supervision has been carried out during 2016 as far as acts of management and supervision are reflected in the Annual Report and the Annual Financial Report of the Company ended on December 31, 2016, except for embezzlement, fraud and other criminal acts.

The Fifth Meeting Agenda

1. Approved the delegation of authority of the Annual General Meeting of Shareholders to the Board of Commissioners to determine or appoint a Public Accounting Firm (KAP) to conduct the examination of the company's financial reports will expire on December 31st, 2017.

2. Giving authority to the Board of Commissioners to determine the magnitude of the honorarium and other requirements reasonable in relation to the appointment of the Public Accounting Firm.

The Results of The Extraordinary General Meeting of Shareholders :

The First Meeting Agenda

1. Approve and ratify all acts and actions undertaken by the Board of Commissioners as of the date March 21st, 2017 until

the closing of the Meeting.

2. To approve and ratify the reappointment of BOC as follows: Commissioner / Independent: Bp. Suprihadi

Independent Commissioner: Bp. I Putu Soekreta Soeranta Commissioner: Bp. Tjandra Mindharta Gozali

Commissioner: Bp. H. Rianzi Julidar

For a period of 3 (three) years after the closing of this Meeting until the closing of the third Annual General

Meeting of Shareholders.

3. Approved the appointment of Independent Commissioner Mr. Iqbal Witjaksono effective concerned since passed the fit and proper test by the Financial Services Authority (OJK) and reaffirmed in a notarial deed regarding changes in the organization structure of the Company.

Where the appointment itself becomes null and void if the person concerned did not pass Fit and proper test by the Financial Services Authority (OJK) and it was no longer

necessary for the Extraordinary General Meeting of

Shareholders to cancel the appointment in question.

4. To approve the appointment of Mrs. Ningsih Suciati as Director of Operations of the Company

5. Approved the appointment of Commercial Director of the Company Mr. Fahlewi Husin Nasution effective concerned since passed the fit and proper test by the Financial Services Authority (OJK) and reaffirmed in a notarial deed regarding changes in the organization structure of the Company.

Where the appointment itself becomes null and void if the person concerned did not pass Fit and proper test by the Financial Services Authority (OJK) and it was no longer

necessary for the Extraordinary General Meeting of

Shareholders to cancel the appointment in question.

as follows:

Member of the Board before the Independent Commissioner candidate and the commercial director candidate got the approval From the Financial Services Authority (OJK)

Board of Commissioners

Commissioner / Independent: Bp. Suprihadi

Independent Commissioner: Bp. I Putu Soekreta Soeranta Commissioner: Bp. Tjandra Mindharta Gozali

Commissioner: Bp. H. Rianzi Julidar

Board of Directors

President Director: Bp. Arifin Indra Sulistyanto Commercial Director: -

Consumer Director: Mrs. Dian Savitry Operations Director: Ms. Ningsih Suciati Director of Compliance: Bp. Iim Wardiman

The composition of the Board as Independent Commissioner candidate and the commercial director candidate got the approval From the Financial Services Authority (OJK)

Board of Commissioners

Commissioner / Independent: Bp. Suprihadi

Independent Commissioner: Bp. I Putu Soekreta Soeranta Independent Commissioner: Bp. Iqbal Witjaksono

Commissioner: Bp. Tjandra Mindharta Gozali Commissioner: Bp. H. Rianzi Julidar

Board of Directors

President Director: Mr. Arifin Indra Sulistyanto Commercial Director: Mr. Fahlewi Husin Nasution

Consumer Director: Mrs. Dian Savitry Operations Director: Ms. Ningsih Suciati Director of Compliance: Bp. Iim Wardiman

6. To approve the authorization of the General Meeting of Shareholders to the Board of Directors to in time expressed regarding changes in the Company's management structure into a notary and perform all actions related to the prevailing regulations, both in the banking and capital markets regarding changes in the organization structure of the Company.

The Second Meeting Agenda

Not discussed further in the meeting.

The Third Meeting Agenda

"To approve and authorize expenditures Savings Through Limited Public Offering II (LPO II) To the Shareholders With Preemptive Rights by the amount by as much as 3,000,000,000 (three billion) shares and Series II Warrants issuance of as many as much as amounted to 896.485.421 (eight hundred and ninety-six million four hundred eighty-five thousand, four hundred and twenty-one)", and with this :

1. To approve the authorization to the Board of Directors to carry out any action in connection with the LPO II implementation as well as the issuance of Warrants Series II, including but not limited to:

a. establishes the allocation of use of the proceeds from the Limited Public Offering II (LPO II) and the issuance of Warrants Series II;

b. Registering the Company's shares in collective custody in accordance with the provisions of KSEI (Custodian Indonesian Central Securities);

c. Listed all the Company’s shares which has been issued and fully paid in PT Bursa Efek Indonesia (BEI).

2. To approve the authorization to the Board of Commissioners to declare the Deed regarding the increase in paid up capital and the Company placed as expenditures share through LPO II and the issuance of warrants of Series II and declared final shareholding after the Rights Offering and the issuance of Warrants Series II are completed ,

The Fourth Meeting Agenda

1.Approve the capitalization of the share premium which the amount of the share premium up to the 2016 financial year amounted to Rp. 44,666,387,150, - (forty-four billion six hundred and sixty six million three hundred and eighty-seven thousand one hundred fifty rupiah) to be converted into bonus shares, ie up to Rp. 44,666,387,150, - (forty to four billion six hundred and sixty six million three hundred and eighty-seven thousand one hundred fifty rupiah) or a maximum of 446.663.871 (four hundred and forty six million six hundred and sixty-three thousand eight hundred and seventy twenty one) shares with a ratio of each shareholder who has ten (10) old shares with a nominal value of Rp. 100, - (one hundred Rupiah) on the List of Shareholders entitled to the Bonus Shares, will receive one (1) Bonus Shares with a nominal value of Rp. 100, - (one hundred Rupiah).

The eligible for the Bonus Shares are shareholders whose names are recorded in the Register Shareholders of the Company on May 16, 2017 until 16:00 pm.

Similarly, the share premium to the amount to be converted in connection with the distribution of Bonus Shares will be

adjusted by the number of shares registered in the Register of Shareholders on May 16, 2017 until 16:00 pm

In connection with these bonus shares will change Article 4, paragraph 2 of the Articles of Association of the Company.

Payment of Bonus Shares will be made to the schedule and procedure as follows:

- Shareholders are entitled to the bonus shares are shareholders whose names are recorded in the Register Shareholders of the Company on May 16, 2017 until 16:00 pm

- Cum Bonus Shares in Regular and Negotiation dated May 10, 2017

- Ex Bonus Shares in the Regular and Negotiation dated May 12, 2017

- Cum Bonus Shares in the Cash Market dated May 16, 2017 - Ex Bonus Shares in the Cash Market dated May 17, 2017 - Distribution of Bonus Shares dated May 31, 2017

2.In connection with the distribution of Bonus Shares that change the Article 4, paragraph 2 of the Articles of

Association of the Company, thereby approving the

authorization to the Board of Directors to declare in the deed in itself before Notary on the improvement of the Issued and Paid up Capital of the Company after the distribution of Bonus Shares and name to stockholders of record in the register of Shareholders of the Company,

including to report to the competent authorities,

registering and announcing these changes, so that the change takes effect under the law, including to make changes or additions to the change in the Articles of Association, if required by the authorized institutions and do everything something that is necessary and required by the legislation

in force.

In accordance with the results of the Meeting, the Board of Directors announced the timetable and procedure for the distribution of Bonus Shares as follows :

1. Schedule the distribution of Bonus Shares:

Kegiatan Hari dan Tanggal Cum Saham Bonus di Pasar Reguler dan Negosiasi Rabu, 10 Mei 2017 Ex Saham Bonus di Pasar Reguler dan Negosiasi Jumat, 12 Mei 2017 Cum Saham Bonus di Pasar Tunai Selasa, 16 Mei 2017 Ex Saham Bonus di Pasar Tunai Rabu, 17 Mei 2017 Recording Date yang berhak atas Saham Bonus (DPS) Selasa, 16 Mei 2017 Pembagian Saham Bonus Rabu, 31 Mei 2017

2. Procedure and Procedure for the distribution of Bonus Shares:

a. This Notice is an official notification from the

Company, and the Company does not issue a

letter special notice to shareholders b. Shareholders entitled

Shareholders entitled to receive Bonus Shares are shareholders registered in the Shareholders Register of the Company on May 16, 2017 (recording date) with regard ownership of shares by shareholders were acquired by trading on the Indonesia Stock Exchange at the latest on May 10, 2017 (cum bonus).

c. Distribution of Bonus Shares Ratio

The ratio of the distribution of Bonus Shares is 10: 1, where each possession of 10 (ten) shares by shareholders of record on May 16, 2017 (recording date), on the date of distribution of Bonus Shares will receive one (1) Bonus Shares which is a Common

Stock in the name of the Company that will be issued from treasury with a nominal value of Rp. 100, - (one hundred Rupiah) per share.

d. rounding off

When shareholders receive bonus shares in the form of fragments (not reach the unit shares), it will be rounding up any fractions either more or less than half (> 0.5 or <0.5). Shortage of shares occurs because of rounding will be taken from the balance of the Company's Capital Stock.

e. Distribution of Bonus Shares

- For shareholders whose shares are included in

collective custody Indonesian Central Securities Depository (KSEI), Bonus Shares will be

distributed through a securities account in the sub-accounts under the names of shares on May 31, 2017.

- For shareholders whose shares are still in the form of paper, then shareholders may take

Bonus Shares from the date of May 31, 2017 through the Registrar of the Company, namely:

securities administration Bureau PT Ficomindo BUANA REGISTRAR Wisma Bumiputera, Lt. M Suite 209 Jl. Jend. Sudirman Kav. 75, Jakarta 12910

Tel. (021) 5260976, 5260977

By bringing the documents as follows:

- For individuals: 1. Original identity card (KTP) is still valid

2. Where authorized, it should bring the original power of

attorney signed

proof of identity valid owned endorsee.

- For Legal Entities: 1. A copy of the articles of association as well as the change of the last caretaker

2. Where authorized, it

Should bring the original power of attorney signed in stamped by attaching a copy of proof of identity valid belonging to the authorizing and carrying original proof of

identity valid

owned endorsee. f. Tax treatment on Bonus Shares

Pointing to the Government Regulation No. 94 Year 2010 dated December 30, 2010 on the Calculation of Earnings Taxable and Repayment of Income Tax in Current Year, Bonus Shares from capitalization Agio Shares are not taxed throughout the total

nominal value of the shares owned by the

shareholders after distribution of Bonus Shares does not exceed the amount of capital injection. Conversely, if the amount of the nominal value of shares Shareholders held after the distribution of

Bonus Shares exceeds the amount of capital

injection, the division of shares The bonus can be taxed to be calculated and paid by the respective shareholders concerned.

Receipt of Bonus Shares arising from the conversion Agio does not change the total value of investments in shares or a total acquisition price

of the shares, but lowered the historical

acquisition value or price per unit of such shares, because an increase in the number of shares without any deposit. Therefore, when the Bonus Shares are sold, for calculating gains from selling the shares, the price of acquisition are valued at historical calculated as an average in accordance with the principles in Article 10, paragraph 3 of Law Tax Income.

Income in the form of bonus shares must be reported to the SPT and Income of shareholders, provided that the recognition of income on Bonus Shares arising from the conversion Agio is on when sold, because it is not included as income when received / obtained.

Jakarta, April 20, 2017 PT BANK YUDHA BHAKTI, Tbk

The Board of Directors

c. Listed all the Company’s shares which has been issued and fully paid in PT Bursa Efek Indonesia (BEI).

2. To approve the authorization to the Board of Commissioners to declare the Deed regarding the increase in paid up capital and the Company placed as expenditures share through LPO II and the issuance of warrants of Series II and declared final shareholding after the Rights Offering and the issuance of Warrants Series II are completed ,

The Fourth Meeting Agenda

1.Approve the capitalization of the share premium which the amount of the share premium up to the 2016 financial year amounted to Rp. 44,666,387,150, - (forty-four billion six hundred and sixty six million three hundred and eighty-seven thousand one hundred fifty rupiah) to be converted into bonus shares, ie up to Rp. 44,666,387,150, - (forty to four billion six hundred and sixty six million three hundred and eighty-seven thousand one hundred fifty rupiah) or a maximum of 446.663.871 (four hundred and forty six million six hundred and sixty-three thousand eight hundred and seventy twenty one) shares with a ratio of each shareholder who has ten (10) old shares with a nominal value of Rp. 100, - (one hundred Rupiah) on the List of Shareholders entitled to the Bonus Shares, will receive one (1) Bonus Shares with a nominal value of Rp. 100, - (one hundred Rupiah).

The eligible for the Bonus Shares are shareholders whose names are recorded in the Register Shareholders of the Company on May 16, 2017 until 16:00 pm.

Similarly, the share premium to the amount to be converted in connection with the distribution of Bonus Shares will be

adjusted by the number of shares registered in the Register of Shareholders on May 16, 2017 until 16:00 pm

In connection with these bonus shares will change Article 4, paragraph 2 of the Articles of Association of the Company.

Payment of Bonus Shares will be made to the schedule and procedure as follows:

- Shareholders are entitled to the bonus shares are shareholders whose names are recorded in the Register Shareholders of the Company on May 16, 2017 until 16:00 pm

- Cum Bonus Shares in Regular and Negotiation dated May 10, 2017

- Ex Bonus Shares in the Regular and Negotiation dated May 12, 2017

- Cum Bonus Shares in the Cash Market dated May 16, 2017 - Ex Bonus Shares in the Cash Market dated May 17, 2017 - Distribution of Bonus Shares dated May 31, 2017

2.In connection with the distribution of Bonus Shares that change the Article 4, paragraph 2 of the Articles of Association of the Company, thereby approving the authorization to the Board of Directors to declare in the deed in itself before Notary on the improvement of the Issued and Paid up Capital of the Company after the distribution of Bonus Shares and name to stockholders of record in the register of Shareholders of the Company, including to report to the competent authorities, registering and announcing these changes, so that the change takes effect under the law, including to make changes or additions to the change in the Articles of Association, if required by the authorized institutions and do everything something that is necessary and required by the legislation

in force.

In accordance with the results of the Meeting, the Board of Directors announced the timetable and procedure for the distribution of Bonus Shares as follows :

1. Schedule the distribution of Bonus Shares:

Kegiatan Hari dan Tanggal

Cum Saham Bonus di Pasar Reguler dan Negosiasi Rabu, 10 Mei 2017 Ex Saham Bonus di Pasar Reguler dan Negosiasi Jumat, 12 Mei 2017 Cum Saham Bonus di Pasar Tunai Selasa, 16 Mei 2017 Ex Saham Bonus di Pasar Tunai Rabu, 17 Mei 2017 Recording Date yang berhak atas Saham Bonus (DPS) Selasa, 16 Mei 2017 Pembagian Saham Bonus Rabu, 31 Mei 2017

2. Procedure and Procedure for the distribution of Bonus Shares:

a. This Notice is an official notification from the Company, and the Company does not issue a letter special notice to shareholders

b. Shareholders entitled

Shareholders entitled to receive Bonus Shares are shareholders registered in the Shareholders Register of the Company on May 16, 2017 (recording date) with regard ownership of shares by shareholders were acquired by trading on the Indonesia Stock Exchange at the latest on May 10, 2017 (cum bonus).

c. Distribution of Bonus Shares Ratio

The ratio of the distribution of Bonus Shares is 10: 1, where each possession of 10 (ten) shares by shareholders of record on May 16, 2017 (recording date), on the date of distribution of Bonus Shares will receive one (1) Bonus Shares which is a Common

Stock in the name of the Company that will be issued from treasury with a nominal value of Rp. 100, - (one hundred Rupiah) per share.

d. rounding off

When shareholders receive bonus shares in the form of fragments (not reach the unit shares), it will be rounding up any fractions either more or less than half (> 0.5 or <0.5). Shortage of shares occurs because of rounding will be taken from the balance of the Company's Capital Stock.

e. Distribution of Bonus Shares

- For shareholders whose shares are included in

collective custody Indonesian Central Securities Depository (KSEI), Bonus Shares will be

distributed through a securities account in the sub-accounts under the names of shares on May 31, 2017.

- For shareholders whose shares are still in the form of paper, then shareholders may take

Bonus Shares from the date of May 31, 2017 through the Registrar of the Company, namely:

securities administration Bureau PT Ficomindo BUANA REGISTRAR Wisma Bumiputera, Lt. M Suite 209 Jl. Jend. Sudirman Kav. 75, Jakarta 12910

Tel. (021) 5260976, 5260977

By bringing the documents as follows:

- For individuals: 1. Original identity card (KTP) is still valid

2. Where authorized, it should bring the original power of attorney signed on seal to attach a copy of

proof of identity valid owned endorsee.

- For Legal Entities: 1. A copy of the articles of association as well as the change of the last caretaker

2. Where authorized, it

Should bring the original power of attorney signed in stamped by attaching a copy of proof of identity valid belonging to the authorizing and carrying original proof of

identity valid owned endorsee.

f. Tax treatment on Bonus Shares

Pointing to the Government Regulation No. 94 Year 2010 dated December 30, 2010 on the Calculation of Earnings Taxable and Repayment of Income Tax in Current Year, Bonus Shares from capitalization Agio Shares are not taxed throughout the total nominal value of the shares owned by the shareholders after distribution of Bonus Shares does not exceed the amount of capital injection. Conversely, if the amount of the nominal value of shares Shareholders held after the distribution of Bonus Shares exceeds the amount of capital injection, the division of shares The bonus can be taxed to be calculated and paid by the respective shareholders concerned.

Receipt of Bonus Shares arising from the conversion Agio does not change the total value of investments in shares or a total acquisition price of the shares, but lowered the historical acquisition value or price per unit of such shares, because an increase in the number of shares without any deposit. Therefore, when the Bonus Shares are sold, for calculating gains from selling the shares, the price of acquisition are valued at historical calculated as an average in accordance with the principles in Article 10, paragraph 3 of Law Tax Income.

Income in the form of bonus shares must be reported to the SPT and Income of shareholders, provided that the recognition of income on Bonus Shares arising from the conversion Agio is on when sold, because it is not included as income when received / obtained.

Jakarta, April 20, 2017 PT BANK YUDHA BHAKTI, Tbk

The Board of Directors