Bank Danamon Holds Extraordinary General Shareholders’ Meeting

Press Release / 19 November 2018

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Jakarta, 19 November 2018. PT Bank Danamon Indonesia Tbk (“Company”) held its Extraordinary General Meeting of Shareholders (EGMS) today. The EGMS approved changes in the Board of Commissioners and in the Company’s Articles of Association.

The EGMS approved the appointment of Masamichi Yasuda as the Company’s Commissioner. He is currently the Group Chief Risk Officer of Mitsubishi UFJ Financial Group, Inc. and Chief Credit Officer of MUFG Bank, Ltd. Masamichi Yasuda possesses extensive experience as a senior banker in Japan, England, and the United States.

The appointment of Yasuda as a member of the Board of Commissioner will further strengthen Bank Danamon’s leadership through his expertise and international experience in the banking industry, particularly in the fields of risk management and lending. His appointment as Commissioner is subject to fulfillment of regulatory requirements.

The EGMS also accepted the resignation of Ernest Wong Yuen Weng from his position as the Company’s Commissioner.

Following the EGMS, the Board of Commissioners composition will be as follows:

Board of Commissioners

1. Ng Kee Choe as President Commissioner

2. Prof. Dr. J.B. Kristiadi Pudjosukanto as Vice President Commissioner (Independent)

3. Gan Chee Yen as Commissioner

4. Manggi Taruna Habir as Commissioner (Independent)

5. Made Sukada as Commissioner (Independent)

6. Takayoshi Futae as Commissioner

7. Peter Benyamin Stok (Independent)

8. Masamichi Yasuda as Commissioner *

In addition to changes in the Board of Commissioners, the EGMS also approved changes in one of the articles in the Company’s Articles of Association and the restatement of all articles within the same document.

* Effective immediately after fulfilling all the governing regulations.

Profile of New Member of the Board of Commissioners Masamichi Yasuda Commissioner*

Masamichi Yasuda is Group Chief Risk Officer of Mitsubishi UFJ Financial Group, Inc. and Chief Credit Officer of MUFG Bank, Ltd., a wholly-owned commercial banking subsidiary of MUFG, the largest financial group in Japan. He is a member of the Board and Executive Committee of MUFG and MUFG Bank. He also serves on the Board of Non-Executive Directors of Mitsubishi UFJ Trust and Banking Corporation and MUFG Securities EMEA Plc. and on the Board of Directors of the Global Financial Markets Association (GFMA).

Masamichi Yasuda joined The Bank of Tokyo, Ltd., a predecessor of MUFG Bank, in 1983. He held a variety of positions (Global Corporates, Global Markets, Finance, Risk management) in Tokyo, London, New York and San Francisco.

In 2004, Masamichi Yasuda was assigned to the Corporate Planning Division and moved to the Financial Planning Division of MUFG where he directly supported CFO. He was appointed as Treasurer of the Global Markets Division for the Americas in 2008.

In 2009, Masamichi Yasuda assumed the position of Deputy Chief Financial Officer and Chief of Staff for Union Bank, N.A., a wholly-owned subsidiary of MUFG Bank, headquartered in San Francisco, California.

In 2011, Masamichi Yasuda was appointed Executive Officer and Head of the Global Planning Division with oversight for a business strategy of the Global Business Unit in MUFG Bank. In 2014, he was appointed Deputy Chief Executive, Global Markets Unit. In 2015, he was appointed to Group Chief Risk Officer of MUFG and MUFG Bank. Furthermore, he assumed the position of Chief Credit Officer in 2016, in addition to his existing roles. He is also in charge of Regulatory Affairs.

Masamichi Yasuda is a native of Kobe, Japan and holds a bachelor’s degree in law from the University of Hitotsubashi.

* Effective immediately after fulfilling all the governing regulations.