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Strengthened Private External Debt Risk Management Debt Burden Indicator (External Debt/GDP) Remains Comparable to Peers Rating Encouraging Corporates Compliance on Hedging Ratio & Liquidity Ratio External Debt/GDP (%) Uruguay 67,7 79.4 87,2 304 corporates (12%) Hedging Ratio* 144 corporates (5.7%) Philippines Panama Mexico Kazakhstan 邀 5010 3437,6 42,7 81,388,9 96,2 2022 2021 2020 ≤ 3 months 313339 Indonesia 53492 37,2 Colombia Source: Moody's Credit View Fundamental Data, September 2022 Regulation on Prudential Principle in Managing External Debt Regulation Key Points 1 Jan 17 & beyond Governs all foreign currency Debt Object of Regulation Hedging Ratio ≤ 3 months > 3-6 months Liquidity Ratio (≤ 3 months) Credit Rating Hedging transaction to meet hedge ratio Sanction 25% 25% 70% Minimum rating of BB- (State-owned Enterprises) Must be done with a bank in Indonesia Applied Source: Bank Indonesia 2221 corporates (88%) Liquidity Ratio* 342 corporates (13.5%) 2183 corpor ates... ■Comply Not Comply > 3-6 months 2381 corporates (94.2%) *Data as of Q4-2022, with total population 2,515 corporates Source: Bank Indonesia 84

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