Indika Energy Tbk PT : INDY to Redeem US$215M of 2023 Notes

About this update from Pt Indika Energy Tbk

NEWS RELEASE FOR IMMEDIATE DISTRIBUTION 17 July 2019 INDIKA ENERGY TO REDEEM US$215,000,000 OF THE SENIOR NOTES DUE 2023 Jakarta - PT Indika Energy Tbk. (IDX: INDY) announced today that it has issued a redemption notice to all holders of its US$500,000,000 6.375% Senior Notes due 2023 ("2023 Notes") in relation to its intention to partially redeem US$215,000,000 of its outstanding 2023 Notes on August 16, 2019 at the redemption price of 102.125% per US$100,000 plus accrued and unpaid interest up to the redemption date. The source of funds for the redemption will be a combination of internal cash and bank financing provided by 3 banks. This 5-year US$150 million term loan is underwritten by Bank Mandiri (Persero) Tbk, Citibank N.A. Jakarta Branch, and Standard Chartered Bank (Singapore) Limited. This liability management exercise is in line with Indika Energy's objectives to further improve its financial metrics and diversify its capital structure # # # 3 rd Floor, NEWS RELEASE ABOUT INDIKA ENERGY PT Indika Energy Tbk. ("Indika Energy") is Indonesia's leading integrated energy company through its strategic investments in the areas of Energy Resources - coal production (PT Kideco Jaya Agung, PT Multi Tambangjaya Utama); gold production (Nusantara Resources Limited), coal trading (Indika Capital Investment Pte. Ltd.), Energy Services - EPC - oil & gas (PT Tripatra Engineers & Constructors, PT Tripatra Engineering); EPC - contract mining (PT Petrosea Tbk. (IDX: PTRO).); information, communications and technology (PT Indika Digital Teknologi) and Energy Infrastructure - marine transportation, ports & logistics for bulk goods and natural resources (PT Mitrabahtera Segara Sejati Tbk. (IDX: MBSS), PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia); fuel storage (PT Kariangau Gapura Terminal Energi); coal-fired power plant (PT Cirebon Electric Power and PT Prasarana Energi Ci rebon). www.indikaenergy.co.id FURTHER INFORMATION Retina Rosabai - CFO & Head of Investor Relations Nicky Kurniawan - Senior Manager of Investor Relations & Corporate Finance [email protected] T +62 21 2557 9877 or +62 21 2557 9888 ext.: 18130 DISCLAIMER This news release may contain certain financial information, projections, plans, strategies, and objectives of PT Indika Energy Tbk., that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Neither PT Indika Energy Tbk., its affiliates nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements in this communication. This news release is for information only and is not an offer to sell or an invitation to buy any securities and neither this news release nor anything herein forms the basis for any contract or commitment whatsoever. 2 of 2

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