MATAHARI MEMBUKA GERAI KELIMA DI YOGYAKARTA BERTEPATAN DENGAN FESTIVE SEASON

MATAHARI OPENS ITS FIFTH STORE IN YOGYAKARTA TO COINCIDENCE WITH THE FESTIVE SEASON

Modern retail chain PT Matahari Department Store Tbk ("Matahari" or "the Company"; stock code: "LPPF") expanded its business by opening a new outlet in Sleman, Central Java on March 31, 2022. The outlet is located at Plaza Ambarrukmo Floors 1-2, Jalan Laksda Adisucipto No. 80, Ambarrukmo, Caturtunggal, Depok, Sleman and is a key step in the expansion of the outlets again. This outlet is the first outlet opened this year and is the fifth outlet in Yogyakarta.

The opening of this store is in line with Matahari's plan to accelerate expansion and 9 more openings are scheduled for this year, subject to conditions.

In this festive season, Matahari Ambarrukmo Plaza is ready to welcome loyal customers by providing the best customer experience and grand opening promotions such as:

- 1000 vouchers worth Rp. 50,000 with no minimum purchase,

- Free 500 tumblrs for a minimum purchase of IDR 750,000,

- total voucher prizes worth IDR 30,000,000 specifically for cosmetic products,

- payment discount of Rp. 46,000 with certain payment methods,

- and other specific brand promotions.

Promotions can be used in accordance with applicable terms and conditions, as long as stocks last.

The store has approximately 5,000 m2 of retail space and offers more than 150 well-known brands. All are equipped with a wide selection of attractive products, fashion products for the whole family, cosmetics and household supplies, not to mention a variety of shoe and bag collections are also available at special prices, which can help meet the needs of Matahari customers.

With a classy and modern shopping atmosphere concept, Matahari is confident that its presence in this city will present a different shopping option. The arrangement of wider stores and high service standards make the presence of the latest Matahari store able to provide a pleasant shopping experience for the surrounding community. Matahari uses 100% environmentally friendly LED lighting systems, and supports the local community by having more than 80% local employees in its stores.

“The presence of this new Matahari store is part of our efforts to get closer to the community. We want Matahari to be the main choice for shopping in the area around Central Java because the location of this store is very strategic near the Solo-Sleman-Yogyakarta Ringroad . We are ready to serve our loyal customers with a variety of high-quality products and exclusive brands that delight customers with aspirational yet affordable fashion that looks good & feels good. In addition, we believe the location of this mall is in line with the atmosphere of the Matahari store and the aspirations of our customers in the future,” said Terry O'Connor, CEO of Matahari.