2022 State Budget and Fiscal Incentives Presentation

Republic of Indonesia Sustainable Development Goals (SDG Bond) EUR500mm & Liability Management US$1.25bn Issuer Republic of Indonesia Allocation by Investor Type Allocation by Geography Issuer Rating Format Baa2 Moody's (Stable) BBB S&P (Neg) BBB Fitch (Stable) SEC-Registered Shelf Take-Down INS/PF 4% PB 1% SWF/CB/SSA EMEA 28% 7% Settlement Date September 23, 2021 US$ Tap Tranche US$ Tap of '31s US$ 40 Year EUR Long-12 Year of '31s Banks/Broker 20% AM/FM 68% US 35% >US$2.0bn 3.3x covered APAC 37% across 58 accounts Currency USD USD Euro Issue Size US$650 mm €500 million SWF/CB 1% PB 1% Original Principal $600mm Amount Banks/Broker 9% EMEA 30% US 23% >US$1.3bn Reopening Size $600mm US$ 40Y 2.0x covered Maturity 28 Jul 23 Sep 2061 23 Mar 2034 PF/INS 18% 2031 AM/FM 71% APAC 47% across 89 accounts Coupon (p.a.) 2.150% 3.200% 1.300% Yield 2.180% 3.280% 1.351% Price 99.734% 98.225% 99.419% SSA/CB INS/PF 7% 6% Use of Proceeds Repurchase certain of its outstanding global bonds pursuant to its tender offer announced on Sep 13,2021 Invest in projects that may qualify as Eligible SDGs Expenditures EUR Long- 12Y US 3% APAC 13% >€1.2bn 2.4x covered Banks/Broker 16% across 80 accounts AM/FM 71% EMEA Listing Transaction Highlights Singapore, Frankfurt Stock Exchange 84% • One of the first Sovereign SDG conventional bond issuance in the region and the first SDG Bond Framework verified by CICERO and IISD globally. On the back of strong demand from ESG-focused accounts, the Republic was able to price flat to its outstanding curve with zero new issue concession, and inside a potential conventional issuance. Final pricing implied that we were able to achieve a price compression of 27 bps, well inside the initial price thoughts level of MS+140-145bps. ⚫ The successful debut SDG Offering demonstrates the Republic of Indonesia's commitment towards financing environmental and social projects in contribution to the 2030 National Development Agenda and to be aligned with the SDGs. Source: Ministry of Finance 87

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