Jakarta, December 22, 2022 - This announcement is directed at Notes Eligible Creditors (and their respective nominees, assignees or designees, if relevant) pursuant to the composition plan of PT Garuda Indonesia (Persero) Tbk. (the "Company") dated 27 June 2022 (the "Composition Plan"). The Company requires certain Notes Eligible Creditors to direct the custodians of their relevant Euroclear or Clearstream accounts to submit 'receive free' instructions in order that they may receive New Notes (as defined in the Composition Plan) into those accounts in connection with their settlement claims pursuant to the implementation of the Composition Plan.

Notes Eligible Creditors (and their nominees, assignees or designees, if relevant) who have correctly submitted their Euroclear or Clearstream account information to D.F.King Limited are now instructed to direct the custodians of their relevant Euroclear or Clearstream accounts to submit 'receive free' instructions on or before 10.00AM (London time) on 28 December 2022 in respect of the New Notes to face The Bank of New York Mellon SA/NV, Dublin Branch, as the Company's settlement agent, using Euroclear account 25973. For the purposes of those instructions, the 'Trade Date' and the 'Settlement Date' is 28 December 2022 and the ISIN is XS2568752682 (for Regulation S New Notes) or XS2568753060 (for Section 4(a)(2) New Notes). A daylight indicator must be set as 'ON'. The nominal amount for each relevant creditor and the ISIN of the New Notes that the relevant creditor will receive can be found at https://pascahomologasi.garuda-indonesia.com/download/new-note next to the creditors name.

Please note that the ISIN for the Reg S New Notes previously communicated by the Company and appearing on the Company website was incorrect. This announcement now contains the correct ISINs and the information on the Company website has been updated. Please ensure that you use the correct ISINs in your ‘receive free’ instructions.

Any questions regarding this announcement or the settlement of New Notes should be directed to the Company at bima.tesdayu@garuda-indonesia.com, backti.anwar@garuda-indonesia.com, a.fuadi@garuda-indonesia.com, fitria.ruswita@garuda-indonesia.com, adhamahmeru@garuda-indonesia.com, vero.prasillya@garuda-indonesia.com, and the Cleary Gottlieb team at team-garuda-cgshonly@cgsh.com