Investor Presentaiton

-150 158 -100 Jan-19 Feb-19 -50 Mar-19 Apr-19 0 50 May-19 Jun-19 Jul-19 Domestic Capital Market Performance Amid Global Challenges Stock Index Performance as of 8 Jan 21 (compared to 8 Dec'20) WORLD THAI S KOREA 3.74% 3.89% INDO 5.27% HKN 5.98% SIN 5.93% PHIL 1.20% CHIN 4.69% MAL 0.09% JPN 6.32% EU US 3.10% 2.87% BRAZ 7.55% After a year of high volatility, positive global sentiments become one of the catalyst to domestic capital market performance, followed by a prospect of economic recovery in 2021 after a hopeful progress of Covid-19 vaccine... Global indices continue to rise as more investors have returned to stocks in times of lower global market volatility JCI continues to strengthen after breaking through the psychological resistance level of 6000, which is already above its pre-pandemic level TURK 14.72% 0% 8% 16% Non-resident portfolios, both of gov't bonds and equity have recorded a net buy of IDR 7.93 Tn and 2.66 Tn, respectively 100 Gov't Debt Securities ■Equity Source: Bloomberg and Ministry of Finance 유 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 340 Comp Bond Index Comp Stock Index (rhs) 7000 313- 6500 320 16.71% 6000 300 5500 280 6,258 5000 260 4500 240 4000 220 3500 200 3000 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Yield (%) 2.66 7.93 10 9 7 8 165 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 5-yr Yield 20-yr Yield Gov't bond yields remain competitive with continued improvement followed by stable rupiah as risk premium is maintained Mar-19 Apr-19 May-19 Jun-19 Jul-19- Aug-19 · Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 10-yr Yield IDR (rhs) 18,000 14,000 10,000 6,000 2,000 (2,000) 125

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