PT XL Axiata Tbk : XL Axiata Announces Public Offering Plans for Shelf Offering Bond Program II Phase I of 2022 and Shelf Offering Sukuk Ijarah III Phase I of 2022

Jakarta, 27 July 2022. Today, PT XL Axiata Tbk. ("XL Axiata") announced public offering plans for XL Axiata Shelf Offering Bonds II Phase I of 2022 and Shelf Offering Sukuk Ijarah III Phase I of 2022, in which XL Axiata offers each of 1.5 trillion Rupiahfor Bonds and Sukuk. This issuance is part of the Shelf Offering Programs (Penawaran Umum Berkelanjutan or PUB) of Bonds and Sukuk with each target amounting to 5 trillion Rupiah. This Sukuk Ijarah program is the offering with the largest value ever issued by a corporation.

The proceeds from this offering after deducting related costs will be used entirely by the Company to finance its capital expenditures to increase capacity, expand the network and further improve the quality of XL Axiata services. This issuance will allow greater financial flexibility to further enhance customer experience and further implement the transformation agenda for the three growth engines (Mobile, Enterprise and Home & Convergence), with the aim of achieving the company's vision to become the no. 1 Converged Operator in Indonesia.

Bonds and Sukuk offered, each consisting of 4 series, Series A with maturities of 3 years, Series B with maturities of 5 years, Series C with maturities of 7 years, and Series D with maturities of 10 years, with Bond coupons/Sukuk yields offered ranging from 6.65% up to 8.95%.

This offer supports the government's program to develop the Islamic finance sector in Indonesia, which is one of the largest sovereigns sukuk issuers in the world.

Director & Chief Finance Officer of XL Axiata, Budi Pramantika said, "We are confident and believe this Bonds & Sukuk Ijarah offering will receive positive response from investors in the primary market. We expect this public offering will strengthen our capital structure and increase the composition of our long-term funding as part of the XL Axiata Transformation Agenda. This is also a manifestation of our belief and commitment to support the Government in developing the Islamic capital market in Indonesia."

Both Bonds and Sukuk Ijarah have obtained the rank of AAA (idn) (Triple A)fromPT Fitch Ratings Indonesia.

The Bond and Sukuk offering was fully supported by the appointed Joint Lead Underwriters, consisting of BRI Danareksa Sekuritas, PT CIMBNiagaSekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, andTrimegahSekuritas.

XL Axiata will carry out this Bond and Sukuk Public Offering starting from July 27 2022 to August 10, 2022. Meanwhile, the Allotment will be carried out on the date of August 26 and listed the Bonds and Sukuk on the Indonesia Stock Exchange on the date of August 31, 2022.