Indonesia: Sovereign Sharia Securities or Sukuk Negara Auction Plan on Tuesday, August 18, 2020

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1. MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTORATE GENERAL OF BUDGET FINANCING AND RISK MANAGEMENT FRANS SEDA BUILDING 2ND FLOOR , JALAN DR. WAHIDIN RAYA NO. 1, JAKARTA 10710 TELEPHONE 021 – 3505052 EXT 2203/2235; FAX 021 – 34834635; WEBSITE www.djppr.kemenkeu.go.id PRESS RELEASE Sovereign Sharia Securities or Sukuk Negara Auction Plan On Tuesday, August 18, 2020 Jakarta, August 11, 2020 - The Government will conduct a Sovereign Sharia Securities (SBSN) or Sukuk Negara Auction on Tuesday, August 18, 2020. The SBSN to be auctioned are SPN-S (Surat Perbendaharaan Negara - Syariah) and PBS (Project Based Sukuk) series to finance 2020 State Budget. Below are terms and conditions of the SBSN: Sovereign Sharia Securities Series Terms & Conditions SPN-S 0502021 (new issuance) PBS027 (reopening) PBS026 (reopening) PBS025 (reopening) PBS028 (reopening) Maturity Date February 5, 2021 May 15, 2023 October 15, 2024 May 15, 2033 October 15, 2046 Coupon At discount 6,50000% 6,62500% 8,37500% 7,75000% Underlying Asset Projects in State Budget 2020 and State Owned Assets Auction Date August 18, 2020 Settlement Date NonCompetitive Allocation August 24, 2020 50% of the awarded Indicative Target 30% of the awarded Rp8,000,000,000,000.00 1. Primary Dealers: Registered Auction Participants PT. Bank Mandiri (Persero), Tbk, PT. Bank Rakyat Indonesia (Persero), Tbk, PT. Bank Negara Indonesia (Persero), Tbk, PT. Bank Permata, Tbk, PT. Bank Panin, Tbk, PT. Bank HSBC Indonesia, PT. Bank OCBC NISP, Tbk, Standard Chartered Bank, PT. Bank CIMB Niaga, Tbk, PT. Bank Maybank Indonesia, Tbk, Citibank N.A, PT. Bank Negara Indonesia Syariah, PT. Bank Central Asia, Tbk, Deutsche Bank AG, PT. Bank Syariah Mandiri, PT. Bank BRISyariah, Tbk PT. Danareksa Sekuritas, PT. Mandiri Sekuritas, PT. Trimegah Sekuritas Indonesia, Tbk, PT. Bahana Sekuritas. 2. Deposit Insurance Corporation (LPS); 3. Bank Indonesia
2. The auction will be held using the auction system organized by the Central Bank of Indonesia (BI) as SBSN Auction Agent. It is an open auction using multiple price method. Basically, all parties, individual or institutional investors, can subscribe their bids. But the bids shall be submitted through Primary Dealers SBSN authorized by Ministry of Finance. Primary Dealers SBSN, Bank Indonesia, and Deposit Insurance Corporation can submit their bids with reference to the Minister of Finance Regulation number 05/PMK.08/2012 on the Issuance and the Selling of Sovereign Sharia Securities in the Domestic Primary Market by Auction Method as amended by Minister of Finance Regulation number 20/PMK.08/2017 and Minister of Finance Regulation number 38/PMK. 02/2020 concerning the implementation of State financial policy for the treatment of pandemic Corona Virus Disease 2019 (Covid-19) and/or facing threats that endanger the national economy and/or financial system stability. The auction winner who’s submitting the competitive bids will pay according to the proposed yield. The auction winner who’s submitting non competitive bids will pay according to the weighted average yield of the awarded competitive bids. The Government has the right to sell the SBSN series more or less than the indicative amount. The auction will be opened on Tuesday, August 18, 2020 at 09.00 a.m. and closed at 11.00 a.m. The result will be announced on the same day. Settlement will be held on, August 24, 2020 or 2 working days after the auction date (T+2). The regulation about the auction, including settlement calculation are stated in the Finance Minister Regulation number 05/PMK.08/2012 on the Issuance and the Selling of Sovereign Sharia Securities in the Domestic Primary Market by Auction Method as amended by Minister of Finance Regulation number 20/PMK.08/2017. SPN-S will be issued using Ijarah Sale and Lease Back structure, based on Fatwa National Sharia Board – Indonesian Council of Ulama (DSN-MUI) number 72/DSN-MUI/VI/2008. PBS series will be issued using Ijarah Asset to be Leased structure, based on Fatwa DSN-MUI number 76/DSN-MUI/VI/2010. The underlying asset for SPN-S is in the form of State Owned Assets (BMN) which is approved by the House of Representative and has met the requirements stated in Article 2 section 4 of the Minister of Finance Regulation number 205/PMK.08/2017 on Use of State Owned Assets as the basis for the issuance of state shariaq securities. The underlying asset of PBS series are in the form of projects/activities listed in 2020 State Budget which has been approved by the House of Representatives on Law Number 20 Year 2019 about State Budget Fiscal Year 2020, and in a form of BMN. The issuer of SBSN is Perusahaan Penerbit SBSN Indonesia which is a legal entity established based on Law Number 19 year 2008 on Sovereign Sharia Securities and by Government Regulation number 57 year 2008. Further Information: Directorate of Islamic Financing Directorate General of Budget Financing and Risk Management Ministry of Finance Republic of Indonesia Website: www.djppr.kemenkeu.go.id Phone: (+6221) 3505052 Ext: 2502, (+6221) 3515296 Fax: (+6221) 3510728