Matahari Commences its 2023 Store Opening Program at REVO Town Mall Bekasi, West Java

Matahari ("Company"; stock code: "LPPF") is officially opening its 1^st new store this year at REVO Town Mall Bekasi, West Java today. Continuing its rebranding effort as a 'House of Specialists' in 2022, Matahari's new store at REVO Town Mall Bekasi is presenting a rejuvenated merchandise offer, fresh new store concept, and upgraded customer shopping experience. Having 100% LED lighting, this is Matahari's 19^th store in West Java in a total area of 5,000 m2.

"We are happy to open the first of many new stores in 2023 with this opening in Bekasi. We believe the presence of Matahari in REVO Town Mall Bekasi can bring value and fulfill the fashion needs of our new customers. Furthermore, this new outlets marks our first opening in 2023 continuing the efforts to create jobs and economic opportunities across Indonesia. We are excited to give more impact for the surrounding communities throughout this year," said Terry O'Connor, CEO of Matahari.

Matahari REVO Town Mall Bekasi is strategically located at the main road to access Pekayon and West Bekasi, near the direct entry point to the LRT station connected by sky bridge, and adjacent to some surrounding prestigious apartments. This new Matahari store makes a total of 149 outlets across Indonesia in 2023.

REVO Town Mall Bekasi is a one stop solution for shopping, lifestyle and entertainment in the area. Bekasi consists of more than 2 million citizens and Matahari is supporting its local economy by employing approximately 98% local people.

In conjunction with this latest store opening, Matahari is holding a CSR program by making a donation of total IDR 7,500,000 for Mosque Ar-Rahman REVO Town Mall Bekasi and Marhaman Orphanage which are located near this new store.

In the total number of stores to be trading nationwide is targeted to be 160 or more by the end of 2023.

To celebrate the store opening of new outlet at REVO Town Mall Bekasi, Matahari offers various attractive promos such as:

1. Free Give Away Voucher IDR 50,000 with no minimum purchase, on 27- 31 January 2023
2. Gift Matahari Tumbler with a minimum purchase IDR 500,000, on 27-31 January 2023
3. Bank Partner Program from BNI Debit Card, with every purchase IDR 460,000, get direct discounts IDR 46,000, on 27 January- 26 February 2023
4. Loyalty Matahari Rewards, 10x Extra Points Matahari Rewards, on 27 January 2023
5. And various discounts and pricing offers