20240429_MEDC_Laporan Informasi dan Fakta Material_31630793_lamp1.pdf

PT Medco Energi Internasional Tbk                            Tel +62-21 2995 3000
The Energy 53rd Fl., SCBD Area Lot 11 A                      Fax +62-21 2995 3001
Jl. Jend. Sudirman, Jakarta 12190                            www.medcoenergi.com
Indonesia




            MedcoEnergi Announces Completion of Ophir Vietnam Block 12W B.V. Divestment

Jakarta, 19 April 2024 – PT Medco Energi Internasional Tbk. (“MedcoEnergi” or the “Company”) announces
the successful completion of the divestment of its entire share capital of Ophir Vietnam Block 12W B.V.
(“OVBV”) to Bitexco Energy Company Limited (the “Transaction”).

OVBV holds a 31.875% participating interest in Chim Sao and Dua (“Block 12W”), the producing oil and
gas field located in Vietnam.

Roberto Lorato, CEO, Said, “This divestment aligns with MedcoEnergi's strategy of active portfolio
management through targeted acquisitions and divestments. We appreciate Bitexco’s cooperation during
the transaction and expect the fields to continue to add value for the new owners.”

PT Medco Energi Internasional Tbk (“MedcoEnergi”) is a leading Southeast Asian energy and natural resources company listed on the Indonesia Stock Exchange
(MEDC-IDX). MedcoEnergi has three key business segments, Oil & Gas, Power and Copper Mining. MedcoEnergi explores for and produces oil and gas primarily
in Indonesia. The Group operates gas, PV, geothermal and hydro power plants in Indonesia through Medco Power and has a non-consolidated interest in
Amman Mineral Internasional Tbk which operates a large copper and gold mine in Indonesia.

This document may contain projections, plans, strategies, policies and objectives of MedcoEnergi which should be treated as forward looking statements within
the meaning of applicable law. Forward looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially
from those expressed or implied in these statements. The Company does not guarantee that any action taken in reliance on this document will bring specific
results.

                                                       For further information please call:
                            Corporate Secretary | Investor Relations | Tel: (62-21) 2995 3000, Fax: (62-21) 2995 3001
                             Email: corporate.secretary@medcoenergi.com | investor.relations@medcoenergi.com
                                                        Website: www.medcoenergi.com