RNS Number : 2352R

Deutsche Bank AG London

04 July 2022

4^th July 2022

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

Perusahaan Penerbit SBSN Indonesia III
 (the Issuer)

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 24^th May 2022, Deutsche Bank AG, London (contact: Debt Syndicate, Phone No. +44 207 547 6885) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)), and also as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

The Securities:
Issuer:	Perusahaan Penerbit SBSN Indonesia III
Guarantor (if any):
Aggregate nominal amount:	USD 3.25bn
Description:	Republic of Indonesia USD 1.75bn 4.4% 5yr & USD 1.5Bn 4.7% 10yr
ISIN Code:	5yr: Reg S: US71567RAU05 / 144A: US71567PAU49 10yr: Reg S: US71567RAV87 / 144A: US71567PAV22
Issue/reoffer price:	100% / 99.96%
Spread over benchmark:	5yr: 2.75% U.S. Treasury due April 2027 + 164.4bps 10yr: 2.875% U.S. Treasury due May 2032 + 193.3bps
Stabilisation:
Stabilising Manager(s):	CIMB Investment Bank Berhad Deutsche Bank AG, London Branch Dubai Islamic Bank PJSC The Hongkong and Shanghai Banking Corporation Limited Standard Chartered Bank

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

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