“PT Trans Jawa Paspro Toll Road (“TJPJT”) operates as a toll road company established on May 21, 2007. TJPJT obtained concession rights for Pasuruan – Probolinggo area with a concession period of 50 years. Pasuruan – Probolinggo toll road is part of the Trans Java toll road connecting Pasuruan and Probolinggo in East Java with a total length of 43.75 km. Pasuruan – Probolinggo toll road connects Gempol-Pasuruan toll road with Probolinggo-Banyuwangi toll road.
Currently 99.99% of TJPJT shares are owned by PT Waskita Transjawa Toll Road (“WTTR”) and 0.01% are owned by Koperasi Waskita.”