20251208_GIAA_Penambahan Modal Tanpa HMETD_32011207_lamp2.pdf

               ANNOUNCEMENT OF THE RESULT OF THE IMPLEMENTATION
           OF CAPITAL INCREASE WITHOUT PRE-EMPTIVE RIGHTS (“PMTHMTED”)
                         PT GARUDA INDONESIA (PERSERO) Tbk

The Company hereby refers to:

1. Financial Services Authority Regulation No. 14/POJK.04/2019 concerning Amendments to
   Financial Services Authority Regulation No. 32/POJK.04/2015 on Capital Increases of Public
   Companies by Providing Pre-Emptive Rights (“POJK 14/2019”);

2. Decree of the Board of Directors of PT Bursa Efek Indonesia No. Kep-00101/BEI/12-2021 regarding
   Amendments to Regulation No. I-A on the Listing of Shares and Equity-Type Securities Other Than
   Shares Issued by Listed Companies dated 21 December 2021 (“Peraturan I-A”);

3. Resolutions of the Extraordinary General Meeting of Shareholders of PT Garuda Indonesia
   (Persero) Tbk (the “Company”) dated 12 November 2025, as stated in Minutes of Meeting Deed
   No. 1 dated 12 November 2025 drawn up before Shanti Indah Lestari, S.H., M.Kn., Notary in
   Tangerang Regency;

4. Announcement of the Information on the Implementation of the Company’s PMTHMETD dated 28
   November 2025; and

5. Letter of the Indonesia Stock Exchange regarding Approval of Additional Share Listing from Capital
   Increase Without Pre-emptive Rights No. S-13503/BEI.PP2/11-2025 dated 28 November 2025;

the Company hereby submits the results of the implementation of PMTHMETD with the following
details:

 Share Count                      :   315,610,920,000 Series D Shares

 Par Value of Series D Shares     :   IDR 75,- per shares

 Exercise Price                   :   IDR 75,- per shares

 Investor Name                    :   PT Danantara Asset Management (Pesero) (“DAM”)

 Share Subscription               :    No.         Subscription type                  Total (IDR)
                                        1     Conversion of Shareholder            6,650,505,000,000
                                              Loan
                                         2    Cash Subscription                   17,020,314,000,000
                                                                     Total        23,670,819,000,000

 Plan for use of proceed          :   1. 36,78% will be used to finance the Company’s working
                                         capital and operation, including payment of aircraft
                                         maintenance and repair costs,
                                      2. 63,22% will be used to increase capital in Citilink for the
                                         purpose of financing Citilink’s working capital and
                                         operations including payment of aircraft maintenance and
                                         repair costs and to be applied toward payment of Citilink’s
                                         outstanding liabilities for aircraft fuel purchase to Pertamina.