Issuer

 PT. Garuda Indonesia (Persero) Tbk

Issuer Code

GIAA

Number of shares offered

63,210,504,593 shares

Ratio (previous stock:new stock)

10,000,000 : 24,418,256

Nominal Value

Rp 196 per share

Exercise Price

 Rp 196

Dilution (if shareholders do not exercise their rights)

 70.95%

Plan of proceeds usage

All proceeds from PUT II, after deducting emission costs, will be used by the company with the following allocation priorities:

1. If the proceeds from PUT II only come from the Government exercising its rights through PMN in the amount of Rp 7.5 trillion, after deducting issuance costs, the proceeds will be used at the following allocation priorities: Approximately 60% or Rp 4.5 trillion will be used for maintenance, restoration and maintenance reserve fulfilment; and Approximately 40% or Rp 3 trillion will be for working capital, including fuel, aircraft rental fees and payment of company restructuring costs.

2. If all shareholders exercise their rights in PUT II, in which the maximum amount of proceeds from PUT II is Rp 12.4 trillion, after deducting issuance costs, the proceeds will be used at the following allocation priorities: Approximately 36% or Rp 4.5 trillion will be used for maintenance, restoration and fulfilment of the maintenance reserve. After the company has used the PUT II funds in total of Rp 4.5 trillion, the remaining funds from PUT II will be for working capital which includes: Around 36% or Rp 4.5 trillion will be for maintenance, restoration and fulfilment of maintenance reserve; after the company has used the proceeds at the amount of Rp 4.5 trillion, the remaining will be for working capital, not limited to fuel costs, aircraft rental costs and payment of the company's restructuring costs.

Extraordinary General Meeting of Shareholders (EGMS)

October 14, 2022

Effective Date

December 2, 2022

Cum Date in Regular and Negotiated Markets

December 12, 2022

Ex Date in Regular and Negotiated Markets

December 13, 2022

Cum Date in Cash Market

December 14, 2022

Ex Date in Cash Market

December 15, 2022

Recording Date

December 14, 2022

Distribution Date

December 15, 2022

Listing Date

December 16, 2022

Trading Period of Rights issue

December 16 - 22, 2022

Distribution Period of Rights Issue

December 20 - 26, 2022

Last Payment Date of Additional Share Orders

December 26 2022

Allotment Date

December 27, 2022

Refund date of excess money purchase of Additional Shares

December 28, 2022