Prospektus

PT Bank Pembangunan Daerah Sumatra Utara Tbk (hereinafter referred to as the "Company") has submitted a Registration Statement in connection with this Public Offering to the Financial Services Authority ("OJK") with the Main Director's Letter Number 026/Dir/TIM PMO-IPO/L/2022 August 15, 2022 in accordance with the requirements stipulated in Law Number 8 of 1995 concerning Capital Markets, which is contained in the State Gazette of the Republic of Indonesia Number 64 of 1995, Supplement to the State Gazette of the Republic of Indonesia Number 3608 and its implementing regulations (“UUPM”).

The Company plans to list the shares offered in this Initial Public Offering on the Indonesia Stock Exchange (“IDX”) in accordance with the Approval in Principle for the Registration of Equity Securities dated 29 September 2022 with letter Number S-08131/BEI.PP3/09- 2022. If the conditions for listing the Shares on the IDX are not met, this Public Offering will be canceled and the payment for the Shares order must be returned to the subscriber in accordance with the provisions of the Underwriting Agreement and Rule Number IX.A.2.