Investor Presentaiton

Republic of Indoneia USD 2 BN Global Sukuk Issuance The Republic of Indonesia (the "Republic") made its annual return to the global Sukuk market and successfully priced a US$ 2.0 billion Sukuk offering comprising of US$ 1.0 billion 5-year and a US$ 1.0 billion 10-year (Green) tranche. ◆ The transaction received positive response from investors since the start of bookbuilding, generating a combined final order book of US$ 5.6 billion reflecting an oversubscription of 2.8x. This enabled the Republic to compress guidance by 25 bps on both the 5-year and 10-year tranches, and priced at 5.40% for 5-year tranche and 5.60% for 10-year green tranche. ✰ Several notable achievements of this transaction include: the tightest 5-year and 10-year spreads at issuance achieved by an ASEAN sovereign in the last 2 years the tightest Sukuk vs. conventional differential achieved by the Rol in recent years ■ the lowest new issue premium achieved by the Rol in the USD markets in the last 2 years ■ the largest USD Sukuk issuance by an Asian sovereign year-to-date The 10-year Green Sukuk tranche is the sixth global Green Sukuk issued by the Republic and the second since the Republic published its SDGs Government Securities Framework in August 2021. Issuer Issue Format Country of Transaction Issuer Ratings (M/S/F) Issue Ratings (M/S/F) Pricing Date Issue Date Tenor Maturity Date Tranche Size Profit Rate Re-Offer Price Reoffer Spread 144A ISIN Reg S ISIN Use of Proceeds Other Details Listing Joint Bookrunners Co-Managers Perusahaan Penerbit SBSN Indonesia III 144A/Reg S, Senior, Unsecured, Wakala US$ Trust Certificate ("Sukuk") issued under a USD$35 billion Trust Certificate Issuance Programme Indonesia Baa2 Stb (Moody's) / BBB Stb (S&P) / BBB Stb (Fitch) Baa2 (Moody's) / BBB (S&P) / BBB (Fitch) 7 November 2023 15 November 2023 (T+5) 5Y Sukuk 15-Nov-28 USD1 billion 5.40% Fixed, Semiannual, 30/360 100.00% UST + 86.7bps US71567PAX87 US71567RAX44 The Obligor intends to use the net proceeds it receives from the issue of Sukuk to meet part of its general financing requirements. USD 10Y Sukuk (Green) 15-Nov-33 ----- USD1 billion 5.60% Fixed, Semi-annual, 30/360 100.00% UST+103.6bps US71567PAY60 US71567RAY27 The Obligor intends to invest an amount equal to the net proceeds from the issue of the trust certificates exclusively to finance or re- finance expenditure directly related to "Eligible SDGs Expenditures with Green and Blue focus" as defined in the Obligor's SDGs Government Securities Framework. USD200k/1k denoms., English / Indonesian Law SGX-ST and Nasdaq Dubai CIMB, Citigroup, Dubai Islamic Bank, Mandiri Securities and Standard Chartered Bank (B&D) PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk ORDERBOOK DISTRIBUTION 5-Year USD US$ 2.75bn+ From 95 accounts INVESTORS BY GEOGRAPHY (ALLOCATION) 18% 18% 5-Year USD.0% 25% 29% 10-Year USD US$ 2.85bn+ From 127 accounts 15% 22% 9% 10-Year USD 27% 27% ■ Asia (ex-ID, Msia) ■ Indonesia =ME/Malaysia ■ Europe ■ US INVESTORS BY GEOGRAPHY (ALLOCATION) 1% 1% 21% 36% 5-Year USD 51% 5% 10-Year USP 55% 5% 7% 18% ■Fund Managers ■ CBS/SWFs ■Ins/Pension ■Banks ■ PB & Others 71

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