March 31st 2020
WEST Nippon Expressway Company Limited
Japan Expressway International Company Limited

Expansion of Toll Road Projects in Indonesia
West Nippon Expressway Company Limited ( NEXCO-West headquartered in Osaka, President & CEO:
Kazuhiro Sakai), Japan Expressway International Co., Ltd. ( JEXWAY headquartered in Tokyo, President:
Michio Katayama), and Japan Overseas Infrastructure Investment Corporation for Transport & Urban
Development ( JOIN , headquartered in Tokyo) entered into the agreement for the acquisition of a part ofthe shares in PT Margautama Nusantara ( MUN ), a holding company of four toll road concession companies
in Indonesia, on March 30th 2020. We will thereby extend the toll road projects in Indonesia.

１．Current Business Situation of NEXCO-West and JEXWAY in Indonesia
By acquiring the shares of BSD (a subsidiary of MUN which operates four toll road concessions in Jakarta as
well as Makassar in Sulawesi Island), NEXCO-West and JEXWAY have been engaged in business collaborations
and public-private-partnership projects using technologies that have been fostered in Japan regarding
constructions and managements of toll roads.
※The project site and the name of the companies are explained in page 2 and after.

２．Purpose and Expectation of Share Acquisition
By enhancing a relationship with MUN and NI through acquisition of the shares of MUN, we will continue ourefforts to expand the toll road projects in Indonesia by offering continuous technical advisory targeted at all
toll roads operated by MUN. With this business expansion, we will provide further support and cooperation for
the improvements of the quality and safety of the toll roads in Indonesia.

３．Summary of Share Acquisition
NEXCO-West, JEXWAY and JOIN, will collectively acquire approx. 10% of the shares in MUN.
Company NamePT Margautama Nusantara (Jakarta, Indonesia）*established in 2007

The other party of the sale andCIIF Infrastructure Holdings Sdn. Bhd.

purchase agreement*a subsidiary of Metro Pacific Tollways Corporation, Philippines

The signing date of the sale

March 30th 2020and purchase agreement

1Project Site

Jakarta

Makassar© OpenStreetMap contributors https://www.openstreetmap.org/#map=5/2.171/121.482

Jakarta : Operates two toll roads through BSD (subsidiary) and JLB (affiliate)
Penjaringan
Soekarno-Hatta
Int’l Airport
Inner Ring Road

Section operated
by JLB
Kebon JerukOuter Ring Road

Section operated
by BSD

Pondok ArenSerpong© OpenStreetMap contributors https://www.openstreetmap.org/#map=12/-6.2047/106.7677

Makassar : Operates two toll roads through BMN (subsidiary) and JTSE (subsidiary)
Sultan Hasanuddin
Int’l AIrport

Section operatedby JTSE
Tallo

Section operated
by BNM

Soekarno-Hatta
PortPettarani

Section under construction© OpenStreetMap contributors https://www.openstreetmap.org/#map=13/-5.1176/119.4869

2

Relationship Diagram※SPC : Special Purpose Company

MPTC GroupAn investing group headed by Metro Pacific Tollways Corporationthat invests in toll road projects in Philippines and is a major
shareholder of NINI

A private company of infrastructure construction, operation, and（PT Nusantara Infrastructure Tbk）

management, and a parent company of MUN

MUN

Holding company of four toll road concession companies（PT Margautama Nusantara）
BSD

Operate toll road of 7.25km in a suburb of Jakarta that connects（PT Bintaro Serpong Damai）

Serpong and Pondok ArenBMN

Operate toll road of 5.95km that connects Soekarno-Hatta Int’l（PT Bosowa Marga Nusantara）

Airport and Pettarani. Extension project of 4.3km is ongoing andextension section is scheduled to open in 2020

JTSE

Operate toll road of 11.57km that connects Tallo, where the route（PT Jalan Tol Seksi Empat）

branched off from the halfway of Makassar harbor road (already inservice) and Sultan Hasanuddin Int’l Airport

JLB

Operate toll road of 9.7km that connects Kebon Jeruk located in（PT Jakarta Lingkar Baratsatu）

the western part of Jakarta and Penjaringan

3