Jakarta, 28 July 2022 - Consistent with the Company's deleveraging strategy which has previously been disclosed to the market, PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") wishes to announce it has made and may from time to time in the future make selective over-the-counter purchases of its bonds.  Since July 1^st, the Company has purchased approximately US$30 million of its bonds of varying maturities and at varying prices, covering its full bond curve.