20230725_ELSA_Laporan Informasi dan Fakta Material_31354085_lamp2.pdf

Contact Person:
Jayanty Oktavia Maulina (Anty)
Manager of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
E-mail: jayanty.maulina@elnusa.co.id

PRESS RELEASE
       Elnusa is Optimistic to Record Brilliant 2023 Performance

Jakarta, 24 July 2023 - PT Elnusa Tbk (Elnusa, IDX: ELSA) A leading energy services company is optimistic that it will
record its 2023 performance with brilliant results. This optimism is reflected in the realization of the Company's
consolidated work contracts (including carry forwards) which have reached 90% as of the second quarter of 2023. The
company also targets net profit growth in 2023 to be 12% of net profit in 2022.

"We are optimistic about future business growth which we believe will result in positive performance at the end of
2023. For this reason, we will continue to focus on strengthening and developing the company's three core businesses
in upstream oil and gas services, energy distribution and logistics services and oil and gas support services which are
able to support the company's performance with each other," said Jayanty Oktavia Maulina, Elnusa's Corporate
Communications Manager.

In order to support this target, Jayanty revealed that for 2023 Elnusa has prepared capital expenditure (Capex) of
around IDR 500 billion. Most of the Capex or as much as 46% is allocated to maintain the capacity of land seismic
survey equipment and also maintenance of wells. Then around 35% is allocated for business growth in complete
capacity maintenance activities such as Hydraulic Workover (HWU) work, Mobile Well Testing and Energy Distribution
and Logistics Services for the construction and revitalization of Petroleum Liquefied Gas (TPLG) Terminals in Kolaka,
Tanjung Pandan and Labuan Bajo.

Jayanty added, "The company has realized a capital expenditure of 40% per semester 1 2023 from CAPEX 2023 which
is budgeted for investment in purchasing AWB Offshore Assets to increase upstream business capacity and the
addition of a Tank Car Fleet to strengthen the company's ability to meet the increasing demand for energy distribution
& logistics services throughout the country,".

In supporting sustainable business growth, the Company continues to be committed to being ready to invest and
continue its performance through several strategies including strengthening operation excellence, capacity building
and business development which ultimately contribute significantly to the energy supply chain and support the
country's development agenda and promote sustainable business progress.

About Elnusa (IDX: ELSA)
Elnusa is a subsidiary of PT Pertamina Hulu Energi (PHE) incorporated in Subholding Upstream Pertamina. As a total energy ser vices solution
company, Elnusa has core competencies in upstream oil and gas services, supporting services, and energy distribution and logistics services. The
upstream oil and gas service line includes Geoscience & Reservoir services (land, transition zone & marine, and data processi ng), oil and gas field
drilling & maintenance services (drilling & workover), engineering, procurement, construction & operation maintenance (EPC-OM) services.
Supporting service lines include marine support services, fabrication, to data management. The energy distribution and logistics service line includes
fuel transportation services, depot management, and chemical sales. Currently, Elnusa serves national and international oil and gas companies,
including Pertamina Group, British Petroleum, Conoco Phillips, Soco Exploration (Vietnam) Ltd, etc. Elnusa is listed on the I ndonesia Stock Exchange
with the issuer code 'ELSA' and has five subsidiaries that support its competence. Detail information can be accessed at www. elnusa.co.id.