2022 State Budget and Fiscal Incentives Presentation

Republic of Indonesia - Dual Currency USD3bn and EUR1bn Issuer Issuer Rating Exp. Issue Rating Format Issue Pricing Date Settlement Date Republic of Indonesia Baa2 Moody's (Stable) BBB S&P (Neg) BBB Fitch (Stable) Baa2 Moody's / BBB S&P / BBB Fitch SEC Registered Senior unsecured fixed rate notes off US SEC Shelf January 5, 2021 January 12, 2021 PB/Others, CB/SWR Ban Investor Breakdown by Investor Type Isurance PF, 95% RIEUR033 CB/SWF PB/Others, 3% 1% Banks, 8% Insurance PF 20% RI0351 Banks, 1% PB/Others, 1% PB/Others, AM/FM, 75% CB/SWF 8% AM/FM, 58% CD/SWE -5% Insurance PF. 24% RI0371 Currency Size US$1.25bio USD US$1.25bio US$0.5bio Euro €1bio Banks, 26% RI0331 AM/FM, 63% Tenor Long 10-year Long 30-year Long 50-year Long 12-year Insurance PF,2% Maturity March 12, 2031 March 12, 2051 March 12, 2071 March 12, 2033 Coupon (p.a.) 1.850% 3.050% 3.350% 1.100% Investor Breakdown by Geography Yield 1.900% 3.100% 3.400% 1.174 Price 99.538% 99.020% 98.794% 99.165% US, 20% Listing Use of Proceeds Singapore, Frankfurt Stock Exchange The net proceeds are for general purposes of the Republic of Indonesia, including its Covid-19 relief efforts RIEUR0333 APAC, 9% EMEA, 71% EMEA, 30% US, 27% RI0351 Transaction Highlights • The lowest yields and coupons throughout the issuance of Indonesian Global Bonds for all tenors and currencies All tranches priced inside of the Republic's existing credit curve with negative new issue premium and at the tightest levels for every one of the tranches • The transaction was well-executed and competitively priced, with final pricing across all tranches pricing 45bps inside of initial price guidance for USD and 40bps inside of initial price guidance for EUR Source: Ministry of Finance EMEA, 22% US, 20% APAC, 43% EMEA, 31% RI0331 APAC, 58% AM/FM, 69K RI0371 US, 37% APAC, 32% 83

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