Investor memo

Tickers IDX : ISAT

Market Capitalization As of 31 March 2019 IDR13.58 trillion

Issued Shares 5,433,933,500

Share Price As of 31 March 2019 IDR2,500 Hi / Lo IDR3,750 / IDR1,645

Shareholder Structure As of 31 March 2019 Ooredoo Asia Pte. Ltd. 65.00% Republic of Indonesia 14.29% Free Float 20.71%

IDR to USD Conversion As of 31 March 2019 1 USD = IDR14,244

Corporate & Bond Ratings As of 31 March 2019 Pefindo : Stable Outlook idAAA Local Currency Debt idAAA(sy) Local Sukuk Ijarah Fitch : Negative Outlook : AAA (idn)

Investor Relations

PT Indosat Tbk - Indonesia Ph: +62 21 30442292

E-mail: investor@indosatooredoo.com http://www.indosatooredoo.com

Please refer to the important disclaimer at the back of this

document

First Quarter 2019 10 May 2019

Indosat Ooredoo recorded 6.9% YoY growth in Cellular Revenues, reiterating its growth trajectory. Indosat Ooredoo recorded IDR 4.9tn cellular revenue in 1Q19, a 6.9% increase compared with the same period last year, while total revenue for 1Q19 reached IDR 6.0tn, an increase of 3.9% YoY compared to 1Q18. Growth was mainly driven by an increase in data revenue of 8.9% YoY in 1Q19 as compared to 1Q18, following the 69.2% growth in YoY data traffic. The Company is reaping the benefits from its’ massive network roll over that started last year. EBITDA in 1Q19 increased by 4.2% YoY to IDR 2.2tn, with a solid EBITDA margin of 35.7%. Indosat Ooredoo delivered 1Q19 CAPEX of IDR 2.2tn, an increase of 66.4% compared to the same period last year, maintaining its intensive 4G network rollout momentum. The Company’s customer base in 1Q19 was 53.3mn, a decline of 44.6% compared to 1Q18, with average churn rate declining to 8.2%. The reduction in churn rate is a reflection of better customer loyalty paving the way for further growth. During 1Q19 the Company continued its network expansion adding 12,996 4G BTS from the same period last year. The Company now operates 22,015 4G BTS in 422 cities which cover 81% of the population. As of 1Q 2019, Indosat Ooredoo also has repaid its remaining USD bank loans in order to reduce the FX risks further.

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FIRST QUARTER 2018 OPERATING AND FINANCIAL RESULTS

PT Indosat Tbk (“Indosat Ooredoo” or the “Company”) has released its unaudited interim consolidated financial statements for the First Quarter 2019 (“1Q 2019”). The unaudited interim consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards (IFAS).

Unaudited Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income

Key Indicators (in IDR billion)

YoY Quarterly

1Q 2019 1Q 2018 Growth % 1Q 2019 4Q 2018 Growth %

Revenues 6,046.2 5,819.4 3.9 6,046.2 6,369.7 (5.1)

• Cellular 4,858.4 4,544.2 6.9 4,858.4 4,851.1 0.2

• MIDI 1,026.2 1,042.8 (1.6) 1,026.2 1,357.9 (24.4)

• Fixed Telecom 161.6 232.4 (30.4) 161.6 160.7 0.5

Expenses (5,808.7) (5,766.5) 0.7 (5,808.7) (7,017.8) (17.2)

Operating (Loss) Profit 237.5 52.9 349.1 237.5 (648.1) 136.7

Other Expenses - Net (625.5) (512.7) 22.0 (625.5) (525.1) 19.1

Loss for the Period Attributable to Owners of The Parent (292.5)

(405.2)

27.8 (292.5) (864.8) 66.2

EBITDA* 2,156.7 2,069.4 4.2 2,156.7 1,355.3 59.1

EBITDA Margin 35.7% 35.6% 0.1 ppt 35.7% 21.3% 14.4 ppt

Unaudited Interim Consolidated Statement of Financial Position as of 31 March 2019 and Full Year 2018

(in IDR billion) 1Q 2019 FY 2018 Change (%)

Total Assets 55,629.9 53,139.6 4.7 Total Liabilities 43,770.0 41,003.4 6.7 Total Equity** 11,859.9 12,136.2 (2.3) Total Debt 23,147.5 21,429.6 8.0 Obligation Under Finance Lease 5,073.2 3,515.9 44.3

Financial Ratios as of 31 March 2019 and 2018

Formula 1Q 2019 1Q 2018

EBITDA Margin EBITDA/Operating Revenue 35.7 35.6 Interest Coverage*** EBITDA/Interest Expense 3.74 7.22 Net Debt to EBITDA**** (Debt - Cash & Cash Equivalent)/Total EBITDA 3.18 1.47

* EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-IFAS measure that management believes is a useful a

supplemental measure of cash generated prior to debt service, capital expenditures and income tax. Investors are cautioned that EBITDA should not be construed as an alternative to net income determined in accordance with IFAS as an indicator of the Company’s performance or to cash flows from operations as a measure of liquidity and cash flows. EBITDA does not have a standardized meaning prescribed by IFAS. The Company’s method of calculating EBITDA may differ from the methods used by other companies and, accordingly, it may not be comparable to

similarly titled measures used by other companies. ** Including non-controlling interests.

*** Calculated using EBITDA and interest expense for the periods ended March 31, 2019 and 2018. **** Net debt excludes obligation under financial lease

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Revenues of IDR6,046.2 billion were recorded for 1Q 2019, an increase of IDR226.8 billion or 3.9% compared to

1Q 2018. Indosat Ooredoo’s Cellular, MIDI, and Fixed Telecommunication business each contributed 80%, 17%, and 3% respectively to the consolidated operating revenues for the period ended 31 March 2019.

Cellular Revenues increased by 6.9% compared to 1Q 2018, attributable to an increase in Data revenue,

offsetting the decrease in voice and SMS.

MIDI Revenues decreased by 1.6% compared to 1Q 2018, mainly attributable to decreases IT Services revenue from deconsolidation of APE, Indosat Ooredoo’s subsidiary.

Fixed Telecommunication Revenues decreased by 30.4% compared to 1Q 2018 due to a decline in

incoming traffic.

Expenses of IDR5,808.7 billion were recorded for 1Q 2019, an increase of IDR42.2 billion or 0.7% higher over 1Q

2018. This increase is mainly contributed by Depreciation and Amortization, Cost of Services, General and Administration, and Marketing expenses. Cost of Services: increased by IDR148.2 billion or 5.2% higher compared to 1Q 2018 primarily as a result

of increase in frequency fee, utilities, installation, and costs of telecommunication devices, offset by decrease in rent, interconnection, cost of starter pack & voucher, and delivery & transportation.

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Depreciation and Amortization: increased by IDR295.0 billion or 14.2% higher over 1Q 2018, due to additional fixed assets from network roll out.

Personnel Expenses: decreased by IDR218.4 billion or 37.2% lower over 1Q 2018 mainly due to bonus

reversal.

Marketing Expenses: increased by IDR117.9 billion or 65.9% higher over 1Q 2018, mainly due to higher marketing activities related to transformation in marketing strategy.

General and Administration expenses: increased by IDR91.8 billion or 73.0% higher over 1Q 2018 mainly

due to higher professional fees and higher provision for trade receivable impairment.

Other Expense - net: Indosat Ooredoo recorded expense of IDR625.5 billion, increased by IDR112.8 billion or

22.0% higher over expense recorded in 1Q 2018 driven primarily by higher financing cost and loss on change in fair value of derivative - net, offset by the gain in foreign exchange and higher interest income. Loss for the Period Attributable to Owners of the Parent: Indosat Ooredoo recorded net loss of IDR292.5

billion, decreased by 27.8% over net loss recorded in 1Q 2018 primarily caused by recovery on revenue growth.

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Key Indicators (in IDR billion) 1Q 2019 FY 2018 Growth %

Total Assets 55,629.9 53,139.6 4.7 Total Liabilities 43,770.0 41,003.4 6.7 Total Equity 11,859.9 12,136.2 (2.3)

Current assets increased by 9.3% to IDR8,664.0 billion, mainly due to higher cash and cash equivalent and higher account receivable.

Non-current assets increased by 3.9% to IDR46,985.9 billion, mainly due to higher property and equipment due to early implementation of PSAK 73 Leases.

Current liabilities increased 0.2% to IDR21,092.0 billion mainly due to higher account payable and lease liabilities - current portion.

Non-current liabilities increased by 13.6% to IDR22,678.0 billion mainly due to higher long-term payables and lease liabilities - long-term portion.

Cash Flow and Capital Expenditure

Key Indicators (in IDR billion) 1Q 2019 1Q 2018 Growth %

Net Cash Flows Provided by Operating Activities 1,938.9 2,004.8 (3.3) Net Cash Flows Used in Investing Activities (2,220.0) (1,454.3) 52.6 Net Cash Flows Provided by (Used in) Financing Activities 1,467.2 (800.8) 283.2 Net Foreign Exchange Differences from Cash and Cash Equivalents (4.1) 6.8 (160.3) Net Increase (Decrease) in Cash and Cash Equivalents 1,182.1 (243.5) 585.3

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD* 1,045.0 1,926.3 (45.8)

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 2,227.1 1,682.8 32.3

*Including cash and cash equivalents at the beginning of the year 2018 of IDR251.6 related to cash and cash equivalents for asset classified as held for sale.

CAPEX in 1Q 2019 amounted to IDR2,199.6 billion, increased 66.4% over 1Q 2018. Approximately 90.8% of the capex was allocated to cellular, to support data services demand and the remaining balance was allocated to MIDI, infrastructure and IT Capex. STATUS OF DEBT

Total outstanding debt: As of 31 March 2019, the Company had total outstanding gross debts (excluding

unamortized transaction costs and obligation under finance lease) of IDR23,182.1 billion. The Company’s cash position as at 31 March 2019 stood at IDR2,227.1 billion and net debt is at IDR20,955.0 billion. The composition of the Company’s gross debt, excluding obligation under finance lease, is as follows:

Debt Proportion (Principal amount) 1Q 2019 1Q 2018 Growth %

IDR Loans (billion) 5,101.1 2,031.0 151.2 USD Loans (million) - 30.2 (100.0) IDR Bonds (billion) 18,081.0 16,519.0 9.5

Total maturing debt: in the next twelve months, IDR6.4 trillion of the Company’s debt is maturing. The average

tenor of debt is 3.0 years as of 31 March 2019.

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OPERATIONAL RESULTS Cellular

Key Indicators YoY Quarterly

1Q 2019 1Q 2018 Growth % 1Q 2019 4Q 2018 Growth %

Customers - Postpaid (million) 1.7 1.4 21.5 1.7 1.6 0.8 Customers - Prepaid (million) 51.6 94.8 (45.5) 51.6 56.4 (8.5) Customers - Total (million) 53.3 96.2 (44.6) 53.3 58.0 (8.2) ARPU (Postpaid) (IDR thousand) 82.1 99.0 (17.1) 82.1 83.6 (1.8) ARPU (Prepaid) (IDR thousand) 24.8 11.4 117.1 24.8 23.0 7.5 ARPU (Blended) (IDR thousand) 26.5 13.1 101.8 26.5 24.6 7.7 MoU 36.8 29.4 25.2 36.8 39.5 (6.8) Data Traffic (TB) 622,876 368,232 69.2 622,876 562,615 10.7 SMS Traffic (mn) 4.3 10.2 (57.8) 4.3 5.5 (22.1)

The Company ended 1Q 2019 with total cellular customer base of 53.3 million, a decrease of 44.6% or 42.9 million customers over 1Q 2018 due to implementation of SIM card registration regulation. Average Revenue per User (ARPU) for cellular customers in 1Q 2019 stood at IDR26.5 thousand or IDR14.1 thousand higher compared to 1Q 2018. Average Minutes of Usage (MOU) per customer increased to 36.8 minutes, a 25.2% increase compared to 1Q 2018 mainly due to decreased subscriber base while traditional voice service downtrend continuous. MIDI

Key Indicators Unit 1Q 2019 1Q 2018 Growth %

Indosat Ooredoo (Fixed Internet)

International IP Transit (International IPT) Mbps 94,304 84,612 11.5 Dedicated Internet (IDIA) Mbps 36,035 20,533 75.5 Dedicated Internet (IDIA) - Flexi Mbps 6,432 5,591 15.0 Domestic IP Transit (Domestic IPT) Mbps 48,831 31,960 52.8

Indosat Ooredoo (Fixed Connectivity)

International Leased Circuit (IWL) Mbps 18,653 9,353 99.4 Domestic Leased Circuit (INL) Mbps 56,418 37,219 51.6 Domestic Ethernet Link (MPLS) Mbps 551,442 342,925 60.8 International Ethernet Link (MPLS) Mbps 19,119 8,912 114.5 Domestic IPVPN Link (IPVPN Link) Mbps 15,034 13,432 11.9 International IPVPN Link (IPVPN Link) Mbps 304 505 (39.8)

Lintasarta

High Speed Leased Line 64Kbps 12,982,228 6,361,144 104.1 Frame Relay 64Kbps 11,530 16,736 (31.1) VSAT 64Kbps 48,017 42,484 13.0 IPVPN 64Kbps 1,255,491 934,730 34.3

IM2

Internet Dial Up User 3,114 3,296 (5.5) Internet Dedicated Link 702 866 (18.9) IPVPN Link 230 268 (14.2)

In 1Q 2019, MIDI production showed an increase mainly in Fixed Connectivity. Internet bandwidth (IP Transit & IDIA) grew significantly in the back of higher demand from new customer acquisition and customer retention. MARKETING ACTIVITIES

Indosat Ooredoo and GOJEK launched Online Gaspol

On 12 February 2019, Indosat Ooredoo in cooperation with GO-JEK, launched Online Gaspol package, a dedicated internet package for GO-JEK driver partner across Indonesia. Online Gaspol package was designed to deliver more benefits for GO-JEK drivers. This package offers competitive price of IDR 50K/month, GO-JEK drivers will receive 10GB main quota all network, free 100 minutes voice call to all operator, unlimited free on-net voice, valid for 30 days.

Indosat Ooredoo Launched The First Digital Concept Store in Indonesia

On 21 February 2019, To get closer with the customer in this digital era, Indosat Ooredoo launched the first Digital Concept Store in Indonesia, located in Kota Kasablanka Mall, one of Jakarta’s most prominent shopping centers. The main reason for this digital concept store is to add service point, providing convenience for customer to gain product related information, and retail shop. This is in line with LEAD, Company’s commitment and strategy, to best cater to customers by providing the best service. Indosat Ooredoo digital store provides the latest digital media experiences such as Interactive Wall, which provides the customer with self-service experience for service information, prepaid and postpaid sales, payment, and games.

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Indosat Ooredoo Business Launched PRO FREEDOM BIZ Package for Corporate Segment Customer

On 4 March 2019, Indosat Ooredoo launched PRO FREEDOM BIZ package for corporate segment customers. The business operation needs these days are inseparable with various mobile application use, for instance, online transportation that caters to a variety of activities such as daily transportation needs, courier service, food deliveries, and many more. The instant messaging application is used not only for messaging, but for video call, conference call, transferring files, sharing location, and many more in consonance with daily business communication needs. To answer these needs, the Company launched 3 packages that best cater corporate needs, the package price starts from IDR 25K/month. PRO FREEDOM BIZ offers data quota up to 16GB, plus free 3GB quota for favorite online applications such as Gojek, Grab, Whatsapp, Facebook, Spotify, and Iflix. On top of data, PRO FREEDOM BIZ also offers Unlimited on-net voice & SMS and voice off-net quota.

NETWORKS

The Company operated 81,506 BTSs as of 31 March 2019, adding 17,131 BTSs compared to the same period last year. To date, The Company operates 22,015 4G BTS in 422 main cities in Indonesia.

Key Indicators YoY

1Q 2019 1Q 2018 Change

Base Transceiver Stations (BTS) 2G 21,044 24,294 (3,250)

3G 38,447 31,062 7,385

4G 22,015 9,019 12,996 Base Station Controllers (BSC) 365 357 8

About Indosat Ooredoo Indosat Ooredoo (IDX:ISAT), member of Ooredoo Group, is building Indonesia’s leading digital telco, enabling access and greater connectivity for everybody and every business. Focusing on human growth, Indosat Ooredoo aspires to enrich the lives of Indonesians in the digital world and proactively offer solutions to fulfill their needs. Indosat Ooredoo was recognised in the Most Innovative Company of the Year category in the 2015 Asia Pacific Stevie Awards.

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APPENDICES

UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For Three-Month Periods Ended 31 March 2019 and 2018

(Expressed in Billions of Rupiah and Millions of U.S. Dollar)

Description 2019 2018 Growth (2) (%) IDR USD (1) IDR

REVENUES

Cellular 4,858.4 341.1 4,544.2 6.9

Multimedia, Data Communication, Internet (MIDI) 1,026.2 72.0 1,042.8 (1.6) Fixed Telecommunications 161.6 11.3 232.4 (30.4) TOTAL REVENUES 6,046.2 424.5 5,819.4 3.9

(EXPENSES) INCOME Cost of Services (3,005.9) (211.0) (2,857.7) 5.2 Depreciation and Amortization (2,373.1) (166.6) (2,078.1) 14.2 Personnel (369.3) (25.9) (587.7) (37.2) Marketing (296.7) (20.8) (178.8) 65.9 General and Administration (217.6) (15.3) (125.8) 73.0 Net Gain on Asset Received 297.5 20.9 - 100.0 Amortization of Deferred Gain on Sale and Leaseback of

Towers

35.3

2.5 35.3

0.0 Share of Net Profit of Associates and Joint Ventures 29.3 2.0 3.6 722.5 Gain on Foreign Exchange - net 17.8 1.2 2.7 548.6 Others - net 74.0 5.2 20.0 269.5 TOTAL EXPENSES (5,808.7) (407.8) (5,766.5) 0.7

OPERATING PROFIT 237,5 16.7 52.9 349.1

Interest Income 16.6 1.1 5.9 178.2 Gain (Loss) on Foreign Exchange - net 16.4 1.2 (32.6) 150.2 Financing Costs (648.2) (45.5) (500.9) 29.4 (Loss) Gain on Change in Fair Value of Derivatives - net (10.3) (0.7) 14.9 (169.3)

OTHER EXPENSES - Net (625.5) (43.9) (512.7) 22.0

LOSS BEFORE INCOME TAX (388.0) (27.2) (459.8) (15.6)

INCOME TAX BENEFIT 107.5 7.5 94.5 13.7

LOSS FOR THE PERIOD (280,5) (19.7) (365.3) (23.2)

(LOSS) PROFIT FOR THE PERIOD ATTRIBUTABLE TO :

OWNERS OF THE PARENT (292,5) (20.5) (405.2) (27.8)

NON-CONTROLLING INTERESTS 12.0 0.8 39.9 (70.0)

TOTAL (280,5) (19.7) (365.3) (23.2)

1) Translated into U.S. dollars using IDR14,244 to USD1 (in full amounts) as the prevailing exchange rate as of the balance sheet date 2) Percentage changes may vary due to rounding.

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UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As at 31 March 2019 and 31 December 2018

(Expressed in Billions of Rupiah and Millions of U.S. Dollar)

Description 2019 2018 Growth (2)

(%) IDR USD (1) IDR

ASSETS Current Assets 8,644.0 606.9 7,906.5 9.3 Non-Current Assets 46,985.9 3,298.6 45,233.1 3.9

TOTAL ASSETS 55,629.9 3,905.5 53,139.6 4.7

LIABILITIES

Current Liabilities 21,092.0 1,480.8 21,040.4 0.2 Non-Current Liabilities 22,678.0 1,592.1 19,963.0 13.6

TOTAL LIABILITIES 43,770.0 3,072.9 41,003.4 6.7

TOTAL EQUITY 11,859.9 832.6 12,136.2 (2.3)

TOTAL LIABILITIES & EQUITY 55,629.9 3,905.5 53,139.6 4.7

1) Translated into U.S. dollars using IDR14,244 to USD1 (in full amounts) as the prevailing exchange rate as of the balance sheet date 2) Percentage changes may vary due to rounding.

UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS For Three-Month Periods Ended 31 March 2019 and 2018 (Expressed in Billions of Rupiah and Millions of U.S. Dollar)

Description 2019 2018

IDR USD (1) IDR

Net Cash Flows Provided by Operating Activities 1,938.9 136.1 2,004.8 Net Cash Flows Used in Investing Activities (2,219.9) (155.8) (1,454.3) Net Cash Flows Provided by (Used in) Financing Activities 1,467.2 103.0 (800.8)

Net Foreign Exchange Differences from Cash and Cash Equivalents (4.1) (0.3) 6.8

Net Increase (Decrease) in Cash and Cash Equivalents 1,182.1 83.0 (243.5)

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD* 1,045.0 73.4 1,926.3

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 2,227.1 156.4 1,682.8

1) Translated into U.S. dollars using IDR14,244 to USD1 (in full amounts) as the prevailing exchange rate as of the balance sheet date

*Including cash and cash equivalents at the beginning of the year 2018 of IDR251.6 related to cash and cash equivalents for disposal group classified as held for sale.

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STATUS OF DEBT

Facility Amount Maturity Interest

IDR Bond (IDR Billion)

Bond VIII 2,700 2019 & 2022 Series A Fixed 8.63% p.a. and Series B Fixed 8.88% p.a.

Shelf Registration Indosat Bond I Phase I

1,360 2019, 2021 &

2024 Series B Fixed 10.30% p.a., Series C Fixed 10.50% p.a. and Series D Fixed 10.70% p.a.

Shelf Registration Indosat Bond I Phase II

1,348 2020, 2022 &

2025 Series C Fixed 10.00% p.a, Series D Fixed 10.25% p.a and Series E Fixed 10.40%

Shelf Registration Indosat Bond I Phase III

593 2020, 2022 &

2025 Series B Fixed 10.25% p.a, Series C Fixed 10.60% p.a and Series D Fixed 11.20% p.a

Shelf Registration Indosat Bond I Phase IV

2,097 2019, 2021, 2023 & 2026

Series B Fixed 8.00% p.a, Series C Fixed 8.60% p.a, Series D Fixed 9.00% p.a and Series E Fixed 9.15% p.a

Shelf Registration Indosat Bond II Phase I

1,856 2020, 2022, 2024 & 2027

Series B Fixed 8.15% p.a, Series C Fixed 8.55% p.a, Series D Fixed 8.90%, and Series E Fixed 9.25% p.a

Shelf Registration Indosat Bond II Phase II

1,703 2020, 2022, 2024 & 2027

Series B Fixed 7.45% p.a, Series C Fixed 7.65% p.a, Series D Fixed 7.95% p.a and Series E Fixed 8.65% p.a

Shelf Registration Indosat Bond II Phase III

2,719

2019, 2021, 2023, 2025 &

2028

Series A Fixed 6.05% p.a, Series B Fixed 7.40% p.a, Series C Fixed 7.65% p.a, Series D Fixed 8.20% p.a and Series E Fixed 8.70% p.a

Shelf Registration Indosat Bond III Phase I

1,500 2020, 2022,

2024, 2026 & 2029

Series A Fixed 8.25% p.a, Series B Fixed 9.25% p.a, Series C Fixed 9.75% p.a, Series D Fixed 10.10% p.a and Series E Fixed 10.35% p.a

Sharia Bond (IDR Billion)

Sukuk Ijarah V 300 2019 Fixed Ijarah Return amounting to IDR 6.47 payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah I Phase I

126 2019 & 2021 Fixed Ijarah Return amounting to IDR0.41, and IDR2.89 for Series B and C payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah I Phase II

285 2020, 2022 &

2025 Fixed Ijarah Return amounting to IDR1.68, IDR1.10 and IDR4.55 for Series C D and E payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah I Phase III

106 2022 & 2025 Fixed Ijarah Return amounting to IDR1.72 and IDR1.15 for Series A and B payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah I Phase IV

125 2019, 2021 &

2026 Fixed Ijarah Return amounting to IDR1.22, IDR0.22 and IDR1.24 for Series B, C and D payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah II Phase I

283 2022, 2024 &

2027 Fixed Ijarah Return amounting to IDR3.42, IDR1.34 and IDR1.46 for Series B, C and D payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah II Phase II

480 2020, 2022, 2024 & 2027

Fixed Ijarah Return amounting to IDR4.84, IDR0.27, IDR0.26 and IDR4.17 for Series B, C , D and E payable on a quarterly basis

Shelf Registration Indosat Sukuk Ijarah III Phase I

500 2020, 2022,

2024, 2026 & 2029

Fixed Ijarah Return amounting to IDR7.18, IDR2.10, IDR0.71, 0.28 and IDR0.54 for Series A, B, C , D and E payable on a quarterly basis

IDR Loan (IDR Billion)

Investment Credit Facility - BCA

1,000 2023 Floating rate 3 month JIBOR + 2.00% p.a.

Term Loan - Mandiri 3,000 2023 Floating rate 3 month JIBOR + 2.00% p.a. Term Loan - IIF 200 2024 Fixed 8.95% p.a. RCF - Permata RCF - CIMB Niaga RCF - HSBC RCF - JP Morgan RCF - ANZ Mandiri loans of Lintasarta Loans from non-controlling interest of LMD*

200 100 140 250 150

60

1.05

2022 2021 2020 2019 2020

2019

2020

Floating rate 1 month JIBOR + 1.25% p.a. Floating rate 1 month JIBOR + 1.25% p.a. Floating rate 1 month JIBOR + 1.25% p.a. Floating rate 1 month JIBOR + 1.10% p.a. Floating rate 1 month JIBOR + 1.20% p.a. Floating rate 3 month JIBOR + 1.25% p.a. Fixed 2.00% p.a

* LMD (PT Lintas Media Danawa) are indirect subsidiary of the Company through PT Aplikanusa Lintasarta (“Lintasarta”)

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DEBT MATURITIES WITHIN THE NEXT TWELVE MONTHS (FULL AMOUNTS)

Maturity Facility Amount

USD IDR

2Q 2019

Shelf Registration Indosat Bond II Phase III - Series A Indosat VIII - Series A Syariah Ijarah V

1,209,000,000,000 1,200,000,000,000

300,000,000,000

3Q 2019

Shelf Registration Indosat Bond I Phase IV - Series B Shelf Registration Indosat Sukuk Ijarah I Phase IV - Series B Term Loan Installment - Mandiri

1,047,000,000,000 61,000,000,000

150,000,000,000

4Q 2019

Investment Credit Facility Installment - BCA RCF - JP Morgan Shelf Registration Indosat Bond I Phase I - Series B Shelf Registration Indosat Sukuk Ijarah I Phase I - Series B

100,000.000.000 250,000,000,000 750,000,000,000

16,000,000,000

1Q 2020

RCF - ANZ Shelf Registration Indosat Bond III Phase I - Series A Shelf Registration Indosat Sukuk Ijarah I Phase I - Series A

150,000,000,000 815,000,000,000 348,000,000,000

Disclaimer

This document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of Indosat Ooredoo, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause actual events and Indosat Ooredoo's future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by Indosat Ooredoo, or indicated by any such forward looking statements, will be achieved.

The financial information provided herein is based on Indosat Ooredoo’s consolidated financial statements in accordance with Indonesian Financial Accounting Standards.