Referring to OJK’s data for the first quarter of 2018, Islamic Venture Capital has posted a profit after

tax 5 Bio. While on the first quarter of 2017,

Islamic Venture Capital posted a loss of 1 Bio.

The Financial Services Authority (OJK) noted, until March 2018 yesterday the venture capital industry registered value of venture financing and
equity participation in the first quarter of 2018, the revenue-sharing segment is still the largest. This segment was recorded at Rp 5.66 trillion.
Meanwhile, investment in shares amounted to Rp 1.31 trillion. Then the convertible bonds reached Rp 471 billion.

Based on an overview of the Financial Services Authority (OJK) financial report, venture capital industry in the first quarter of 2018, the number
of companies increased from 61 companies in the first quarter of 2017 to 66 companies. The growth also boosted asset growth of 13.93% from
Rp9.51 trillion in the first quarter of 2017 to Rp10.83 trillion in the first quarter of 2018.

The Financial Services Authority (OJK) noted, until the end of March 2018, the venture capital industry recorded a Rp 7.44 trillion financing and
participation. This value increased 19.8% from the first quarter of 201 which amounted to Rp 6.21 trillion.
Currently, the portfolio of venture capital firms is still dominated by productive financing that automatically grows to Rp5.6 trillion, up 24%
from the previous year.

The second largest business activity is equity participation in the first quarter of 2018 to Rp1.3 trillion, up from Rp1.1 trillion in the previous
year as the OJK rules to encourage the industry to participate in shares.

In terms of nonperforming fund (NPF) as of March 2018, it decreased significantly to 5.81% from NPF 8.1% in March 2017. Improvement in
industrial risk management was supported by restructuring program and settlement of troubled debtors.

By the middle of the year, OJK noted that the venture capital industry has disbursed financing of Rp8.22 trillion as of May 2018. The figure has
increased by 14.95% compared to the same period in the previous year with Rp7.15 trillion.
The portfolio of business activities is still dominated by profit sharing with percentage of 78%, followed by equity participation of 16.3%, and
the remaining 5.7% of the convertible bonds.

Business Activities
5.7%
16.3%
Convertible Bonds

Equity Participation

Profit Sharing

78%

Director of Licensing and Supervision Arrangement of Fintech Financial Services Authority (OJK) Hendrikus Passagi said, until June 2018, the
volume of fintech financing is around Rp 7 trillion. The amount is up 173.4% ytd, where the end of December 2017 financing reached Rp 2.56
trillion. The volume of disbursement comes from 64 officially registered fintech companies and obtained permission from OJK.