Investor Presentaiton

I Primary Market Performance 2022 - 2023 Government Securities (GS) 500 Incoming Bids Awarded Bids 6.00 -2022 Avr Incoming Bids -2022 Avr Awarded Bids 450 Bid to Cover Ratio [RHS] 5.01 4.77 5.00 400 350 3.56 300 3.11 250 2.73 2.62 2.60 2.45 200 2.24 2.25 2.14 150 100 50 50 Jan-22 IDR32.25 tn per auction Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Source: Ministry of Finance Aug-22 Sep-22 4.00 2.78 3.00 2.40 2.27 1.96 2.02 1.81 1.78 2.00 IDR12.46 tn per auction Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 1.00 In 2023: • average incoming bid IDR42.80 tn/auction = average awarded bid = IDR14.58 tn/auction 97

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