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Analyst Comment 10.3.16

Clothes prices are about the same as elsewhere in Europe, and perhaps a little higher than in the UK

In 2022, Refuel made several acquisitions

Despite the habit of smoking in her family, Hull has made considerable improvement

Effective January 1, 2025, the following retail price per stick increases will apply to cigarettes: Machine-made Clove Cigarettes (SKM) , such as Gudang Garam International, Djarum Super, and Sampoerna A Mild: Class I: Minimum Rp 2,375 (up 5.08%) Class II: Minimum Rp 1,485 (up 7.6%) Machine-made White Cigarettes (SPM) , such as Marlboro, Lucky Strike, and Dunhill: Class I: Minimum Rp 2,495 (up 4.8%) Class II: Minimum Rp 1,565 (up 6.8%) Hand-rolled Clove Cigarettes (SKT) or Hand-rolled White Cigarettes (SPT) , such as Kotak Ajaib, Vigor Kretek, and Vigor Teh Manis: Class I: More than Rp 2,170 (up 9.5%) Class I Minimum: Rp 1,5502,170 (up 9.5%13%) Class II: Minimum Rp 995 (up 15%) Class III: Minimum Rp 860 (up 18.6%) Hand-rolled Clove Filter Cigarettes (SKTF) or Hand-rolled White Filter Cigarettes (SPTF) : No class: Minimum Rp 2,375 (up 5%) Cigars will not experience a price increase

Cigars offer a sophisticated sensory experience