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20251128_GIAA_Penambahan Modal Tanpa HMETD_31988583_lamp2.pdf
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INFORMATION ON 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; and
4. Letter of the Minister of State-Owned Enterprises of the Republic of Indonesia No. S-
373/MBU/06/2025 dated 23 June 2025 concerning Approval of Restructuring in the context of the
Recovery of PT Garuda Indonesia (Persero) Tbk, based on the Approval of the President through
the Letter of the Minister of State Secretary of the Republic of Indonesia No. B-299/M/D-
1/HK.02.02/06/2025 dated 20 June 2025;
In connection with the implementation of the PMTHMETD plan for the purpse of improving the
Company’s financial position, the Company will issue new shares 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.
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In connection with the foregoing, on 20 November 2025 Perseroan by Letter No,
GARUDA/JKTDZ/20945/2025, submitted an application fo the listing of additional shares to PT Bursa
Efek Indonesia (“BEI”) in accordance with Regulation I-A, with teh PMTHMETD implementation
schedule as follows:
Date of Issuance and distribution of Shares from the PMTHMETD to : 5 December 2025
DAM
Date of Listing of Shares from the PMTHMETD on BEI : 8 December 2025
Reciept of Notification from the MOHLR fro the Increase of Issued and : 8 – 10 December 2025
Paid-Up Captial
Submission of PMTHMETD Implementation Report : 8 December 2025
Following the implementation of the PMTHMETD, the Company’s Issued and Paid-Up Capital, which
previously comprised 91,480,783,837 (ninety-one billion four hundred eighty million seven hundred
eighty three thousand eight hundred thirty seven) shares, will become 407,091,703,837 (four hundred
seven billion ninety one million seven hundred and three thousand eight hundred thirty seven) shares,
This announcement is made in order to comply with POJK 14/2019,
Jakarta, 28 November 2025
PT Garuda Indonesia (Persero) Tbk
Board of Directors
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Financial Services Authority
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Shanti Indah Lestari
· Notaris
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Minister of State-Owned Enterprises
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Minister of State
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