Jakarta, 20 October 2023 –PT Medco Energi Internasional Tbk (“MedcoEnergi” or the “Company”) is pleased to announce the successful issue of a five and a-half-year tenor, 144A/Reg S US$500 million bond with an 8.96% coupon.

The Company’s credit ratings were affirmed as B+ (positive) from Fitch, B+ (stable) from S&P and B1 (stable) from Moody’s. The Company will use the proceeds for the refinance of indebtedness.

Roberto Lorato, CEO of MedcoEnergi, said “We are pleased with this outcome, especially since the strong support from investors reflects the Company’s record of consistent delivery of our commitments, both operational performance and deleveraging. With improving commodity prices and energy demand we look forward to continuing our sustainable growth”.