Jakarta, November 10, 2009 - PT Garuda Indonesia (Persero) ("Garuda") wishes to announce that it launched an invitation to Noteholders for the purchase of their Notes by the Company ("the invitation") and issued notice for the convening of a meeting of the holders of the Notes ("Noteholders") to approve the restructuring of the Notes. The meeting of Noteholders will be held on December 15, 2009, at 10 a.m., Singapore time, at One Raffles Quay #19-01, North Tower, Singapore.

Pursuant to the Invitation, Noteholders will be provide with the opportunity to tender their notes in a reverse Dutch auction for purchase by the Company, at a discounted rate. The Company has allocated US$ 25 million towards the repurchased of outstanding Notes under the Invitation.

Emirsyah Satar, President & CEO of Garuda, said that "this is an important step in completing our debt restructuring process. We believe the offer to repurchase notes at a discount provides Noteholders excellent value and the restructuring of the Notes will provide long term stability for Garuda's operations and the repayment of the notes."

Mr. Satar went on to say that "Garuda will continue to work to complete the restructuring of its other debts as soon as possible."

Jakarta, November 11, 2009
PT. GARUDA INDONESIA
VP. CORPORATE COMMUNICATIONS