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Page 1
                                                             QUARTERLY REPORT
                                                                 PT ANTAM TBK
                                                                                            (unaudited)
                                                      For the Nine Month Ended September 30, 202 5
                                                                                   ARBN - 087 423 998
                                                              Securities Ticker : ASX: ATM, IDX: ANTM




In realizing sustainable performance, ANTAM consistently strives to provide benefits by delivering added value
                                   to the community and the environment.


                                             HIGHLIGHTS
 ANTAM recorded gold sales in 9M25 of 34,164 kg (1,098,398 troy oz.), a 20% increase from 9M24, driven by
        solid domestic demand , with gold production in 9M25 reached 590 kg (18,969 troy oz.).

   ANTAM recorded positive growth in nickel ore production and sales in 9M25 compared to 9M24 , with
     production reaching 12.55 million wet metric tons (wmt) and sales reaching 11.23 million wmt.

    ANTAM also achieved optimal ferronickel production in 9M25, amounting to 13,309 tons of nickel in
                             ferronickel (TNi), with sales reaching 8,182 TNi.

ANTAM demonstrated strengthened performance in the bauxite and alumina segments throughout 9M25,
with a significant increase in bauxite production reaching 2.31 million wmt and bauxite sales of 1.10 million
wmt. Meanwhile, Chemical Grade Alumina production reached 134,224 tons of alumina , with sales totaling
                                            134,768 tons of alumina .

  The improvement in ANTAM's ESG performance is reflected in the decrease of its Sustainalytics risk score,
from high risk to medium risk. This improvement reflects strengthened risk management, better information
                       disclosure, and increasingly solid good corporate governance.

 As a manifestation of its commitment to sustainability, in 9M25 period, ANTAM participated in mangrove
   planting activities in West Kalimantan, and also Urban Farming Collaboration Program and Clean -up
                              Activities in commemoration of World Rivers Day.

   ANTAM Receives ICDX Appreciation for Clean Energy Commitment at Precious Metals Processing and
                                         Refinery Business Unit

   Public Expose Live 2025, A Manifestation of ANTAM’s Commitment to Strengthening Governance and
                                 Performance Transparency to the Public



                         FOR FURTHER INFORMATION PLEASE CONTACT:

                                         Wisnu Danandi Haryanto
                                          (Corporate Secretary)
                                           Tel : (6221) 789 1234
                                        Email : corsec@antam.com
Page 2
CORPORATION INFORMATION AS OF        SEPTEMBER 30, 2025

 Board of Commissioners
 Rauf Purnama                       President Commissioner and Independent Commissioner
 Ridwan                             Independent Commissioner
 Pius Lustrilanang                  Independent Commissioner
 Irwandy Arif                       Commissioner
 Elen Setiadi                       Commissioner
 Rudy Sufahriadi                    Commissioner
 M. Rudy Salahuddin Ramto           Commissioner


 Directors
 Achmad Ardianto                    President Director
 Hartono                            Director of Operations and Production
 I Dewa Wirantaya                   Director of Business Development
 Handi Sutanto                      Director of Commercial
 Arianto Sabtonugroho Rudjito       Director of Finance and Risk Management
 Ratih Dewihandajani L.             Director of Human Resources


Stock Information
• ANTAM’s market capitalization as of 3 0 September 2025: IDR75.94 trillion.
• ANTAM’s share price range on the Indonesia Stock Exchange (IDX) for the period of January to
    September 2025: IDR1,380-IDR3,670 per share.
• ANTAM’s average share price on the IDX for 9M25: IDR2,450 per share.
• ANTAM’s average share price on ASX for 9M25: AU$1.0073 per CDI.


Top 10 Shareholders:
 1. PT MINERAL INDUSTRI INDONESIA (PERSERO)
 2. DJS KETENAGAKERJAAN PROGRAM JHT
 3. UBS AG LONDON -2140724000
 4. DJS KETENAGAKERJAAN PROGRAM JP
 5. BARCLAYS CAPITAL SECURITIES LIMITED SBL/PB ACCOUNT
 6. HSBC LIMITED, HONG KONG -TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES
 7. JP MORGAN SECURITIES PLC
 8. JPMCB NA RE - BLACKROCK INST TR CO N A INVESTMENT FDS FOR EMPLOYEE BENEFIT TRUST
 9. JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
 10. SSB KGX1 INVESCO GOLD & SPECIAL MINERALS FUND -2183969117




                                                                                             2
Page 3
                       CONSOLIDATED PRODUCTION VOLUME (UNAUDITED)

                                          3Q24             9M24             3Q25              9M25
       Commodity             Unit      (Jul - Sep)      (Jan - Sep)      (Jul - Sep)       (Jan - Sep)
                                          2024             2024             2025              2025
Gold                       Kg/t oz       304/9,774        746/23,985        151/4,855        590/18,969
Silver                     Kg/t oz    2,155/69,285    4,719/151,719       995/31,990     3,691/118,668
Nickel Ore                  Wmt          3,118,322         7,303,928        3,450,567        12,553,248
Ferronickel                  TNi              5,075           15,244             4,242           13,309
Bauxite                     Wmt              94,784          637,713          931,914         2,314,055
Chemical Grade Alumina      Ton              43,148          105,883            44,840          134,224

PRODUCTION AND SALES
                                                      Gold sales volume in 3Q25 reached       4,804 kg
During the first nine-month period end ed             (154,452 troy oz.). Gold sales in 3Q25 drove gold
September 30, 2025 (January–September 2025,           sales in 9M25 to 34,164 kg (1,098,398 troy oz.),
9M25), amid challenges in the gold raw                an increase of 20% from sales in the first nine -
material supply, nickel prices remain bearish         months ended September 30, 2024 (January -
due to global oversupply, and a domestic              September 2024, 9M24) of 28,567 kg (918,450
bauxite industry facing limited growth, ANTAM         troy oz.).
successfully maintained positive performance.
                                                      Global geopolitical uncertainty, financial
ANTAM has implemented strict cost-efficiency,         market fluctuations, and inflation are driving
improving operational effectiveness across all        investors to shift their assets to gold as a safe
business lines , and also proactively s eek           haven. Amid exchange rate volatility and
alternative sources of gold raw materials to          interest rate changes, ANTAM's gold products
strengthen supply reliability. These efforts aim      have gained momentum due to to brand trust,
to maintan sustain growth and ensure the              an extensive sales and buyback network, digital
company is     readiness to seize emerging            access, and high liquidity.
opportunities.
                                                      This combination of macroeconomic factors
As an implementation of Environmental, Social,        and operational aspects supports high
and Governance (ESG) principles, ANTAM is             domestic demand for gold and strengthens
commited to implementing good mining                  ANTAM's position as the primary choice for
practices and operation excellence across all         gold investment among the public.
Company operations. In addition, ANTAM
applies an Occupational Health and Safety             NICKEL ORE
(OHS) system aimed at achieving zero fatality,
zero occupational diseases, and zero incidents        Throughout 9M25, ANTAM's nickel ore
caused by work -related illnesses.                    production volume reached 12.55 million wet
                                                      metric tons (wmt), an increase of 72% from the
GOLD                                                  nickel ore production in 9M24 of 7.30 million
                                                      wmt. In 3Q25, ANTAM's nickel ore production
In the third quarter of 2025 (July -September         reached 3.45 million wmt, an increase of 11%
2025, 3Q25) , the Company’s gold production           from the production achievement in the third
from its mines was recorded at 151 kg (4,855          quarter of 2024 (July-September 2024, 3Q24) of
troy oz.). ANTAM recorded total gold                  3.12 million wmt.
production in 9M25 of 590 kg (18,969 troy oz.).




                                                                                                  3
Page 4
In 9M25, ANTAM recorded nickel ore sales of        in 9M24 of 637,713 wmt.
11.23 million wmt, an increase of 97%
compared to 9M24 sales of 5.71 million wmt. In     ANTAM successfully recorded bauxite sales in
3Q25, nickel ore sales volume reached 3.06         3Q25 of 77,482 wmt, driving significant bauxite
million wmt, an increase of 30% compared to        sales in 9M25 of 1.10 million wmt, a 1,033%
3Q24, which was 2.35 million wmt.                  increase compared to bauxite sales in 9M24 of
                                                   97,430 wmt.
Throughout 2025, ANTAM's nickel ore
commodities were intended to fulfill the needs     ANTAM's bauxite production is used as raw
of the domestic second -class nickel industry      material for the Tayan Chemical Grade Alumina
and the     Company's internal ferronickel         (CGA) Plant operated by PT Indonesia Chemical
production needs in Kolaka.                        Alumina (PT ICA) and for sales to domestic
                                                   customers.
FERRONICKEL
                                                   Domestic sales to the Smelter Grade Alumina
In 9M25, ANTAM successfully recorded optimal       (SGA) Project managed by PT Borneo Alumina
ferronickel production and         sales, with a   Indonesia also contributed to the increase in
production achievement of 13,309 tons of           performance by strengthening absorption,
nickel in ferronickel (TNi) and sales reaching     providing off -take certainty, and supporting
8,182 TNi.                                         the commercial operation readiness of         the
                                                   plant, supporting downstreaming and
In 3Q25, ANTAM’s ferronickel production was        increasing the added value of bauxite in the
recorded at 4,242 TNi, with ferronickel sales      country.
reaching 2,419 TNi.
                                                   CHEMICAL GRADE ALUMINA
All ferronickel product sales in 9M25 were fully
absorbed by the export market, with the main       Inline with ANTAM’s strategy to optimize the
export destinations to South Korea, India, and     operations of the Tayan CGA Plant in 3Q25,
Tiongkok which is the global center of stainless   PT ICA produced 44,840 tons of alumina,
steel manufacturing .                              reflecting a 4% increase compared to 3Q24
                                                   production of 43,148 tons of alumina . Alumina
BAUXITE                                            production in 9M25 reached 134,224 tons      of
                                                   alumina , a 27% increase from 9M24 alumina
ANTAM recorded a growth in bauxite                 production of 105,883 tons of alumina.
production volume in 3Q25 reaching 931,914
wmt, a significant increase of 883% compared       Meanwhile, alumina sales volume in 3Q25
to bauxite production in 3Q24 of 94,784 wmt. In    reached 43,660 tons of alumina . This growth
addition, ANTAM's bauxite production in 9M25       contributed to 9M25 alumina sales of 134,768
was recorded at 2.31 million wmt, a sign ificant   tons of alumina , a 1% increase compared to
increase of 263% from the bauxite production       9M24 sales of 133,065 tons of alumina.




                                                                                               4
Page 5
                                CONSOLIDATED SALES VOLUMES (UNAUDITED)


                                            3Q24               9M24              3Q25               9M25
      Commodity              Unit        (Jul - Sep)        (Jan - Sep)       (Jul - Sep)        (Jan - Sep)
                                            2024               2024              2025               2025
Gold                        Kg/t oz   12,598/405,035      28,567/918,450    4,804/154,452     34,164/1,098,398
Silver                      Kg/t oz     2,236/71,889       4,716/151,623     1,789/57,518        4,751/152,748
Nickel Ore                   Wmt            2,353,063          5,711,817         3,062,154          11,234,300
Ferronickel                   TNi                4,829             11,691            2,419               8,182
Bauxite                      Wmt                97,430             97,430           77,482           1,103,436
Chemical Grade Alumina       Ton                44,625           133,065            43,660             134,768


    SUSTAINABLE BUSINESS DEVELOPMENT
    THROUGH MINERAL DOWNSTREAMING

    ANTAM is committed to strengthening national              Development Partnership Project in Indonesia,
    mineral downstreaming          and creating               including initial works, permitting, and funding
    sustainable added value for Indonesia’s                   preparations to support construction readiness
    economy through various downstream projects               as targeted. After inaugurating the construction
    developed by the Company.                                 of integrated battery plants in Karawang, West
                                                              Java, and East Halmahera, North Maluku on June
    In the gold commodity segment, ANTAM                      29, 2025, through the third quarter of 2025,
    continues to advance the development of a                 ANTAM ensures readiness for the construction
    precious metals manufacturing facility at the             phase as the next milestone in the development
    Java Integrated Industrial and Ports Estate (JIIPE)       of Indonesia’s national battery ecosystem.
    in Gresik, East Java.This project aims to enhance
    the added value of the Company’s gold                     To reinforce bauxite downstreaming, ANTAM
    commodities by increasing the production                  continues to demonstrate its commitment to
    capacity of Logam Mulia manufacturing, in line            supporting the integration of the national
    with ANTAM’s commitment to meet growing                   aluminum industry through the Smelter Grade
    market demand and expand gold market                      Alumina Refinery (SGAR) Project in Mempawah.
    development.
                                                              As an important phase to        the commercial
    To ensure the continuity of raw material supply           operation, ANTAM ensures a stable bauxite
    and strengthen the gold supply chain , ANTAM              supply to support alumina production during
    and PT Freeport Indonesia (PTFI) signed a                 the commissioning process. In addition , a trial
    cooperation agreement for 30 tons of gold per             shipment of alumina to the aluminum smelter in
    year with a purity level of 99.99% in November            Kuala Tanjung has been conducted as part of the
    2024. In addition, ANTAM is exploring                     integrated supply chain testing.
    opportunities to purchase gold from other
    sources within Indonesia to further strengthen            By ensuring continuous bauxite supply to the
    the raw material supply chain for domestic gold           SGAR Project operated by PT Borneo Alumina
    sales.                                                    Indonesia, a joint venture between ANTAM and
                                                              INALUM, ANTAM reaffirms its role in supporting
    In the nickel segment, several key milestones             the development of a sustainable national
    have been achieved in the EV Battery Ecosystem            aluminum industry ecosystem.




                                                                                                         5
Page 6
EXPLORATION ACTIVITIES

ANTAM's exploration activities focus on gold,         In the North Konawe area, activities carried out
nickel and bauxite commodities which are              include geological mapping, core sampling,
intended to sustain operations and development        core logging, grid measurement & re                -
projects. ANTAM's total preliminary una udited        measurement, installation         of predrill and
exploration expenses in 9M25 amounted to              postdrill stakes , resistivity measurement , single
Rp176.95 billion. As part of the effort to increase   tube drilling , preparation, analysis laboratory
the portfolio of gold reserves and resources,         and support activity.
ANTAM is currently focusing on searching for
additional gold sources both in active Mining         In the Pomalaa area, activities included
Business Permit locations and in other new            geological mapping, core sampling, core
prospect areas.                                       logging, grid measurement &
                                                      re-measurement, installation of measuring
ANTAM through the Geomin Unit carries out             stakes, single tube drilling, as well as
integrated mineral exploration activities which       preparation and laboratory activities.
include area survey activities, geological
exploration, geophysical exploration, geodetic        Meanwhile, exploration activities in the Buli
surveys, drilling, physical and chemical analysis     area by PT SDA include          core logging,
testing, calculation of mi neral reserves and         measurement and installation of benchmark
resources supported by an integrated                  (BM), installation of      measuring stakes,
Geographic Information System (GIS).Exploration       re-measurement, and drilling.
activities are carried out to ensure the adequacy
of the Company's potential strategic mineral          BAU XITE
resources and reserves.
                                                      Bauxite exploration activities in 9M 25 were
GOLD                                                  conducted in Tayan , Landak and Mempawah -
                                                      Toho, West Kalimantan. In the Tayan area, the
In 9M25, ANTAM conducted gold exploration             exploration activity w as test pit excavation ,
activities in Pongkor, West Java. In Pongkor,         measurement and installation of benchmark
ANTAM conducted in mine drilling                      (BM), grid test pit         measurement , and
(underground) and deep drilling (surface).            development of t est pit.

NICKEL                                                In the Landak area, the activities carried out
                                                      were land identification, geological mapping ,
ANTAM's nickel exploration 9M25 is conducted          test pit drilling, measurement and installation
in North Konawe and Pomalaa, Southeast                of benchmark        (BM), and grid test pit
Sulawesi . In addition, exploration activities        measurement. Meanwhile, i n Mempawah –
were also conducted on the Mining Business            Toho, conducted land identification , geological
License (IUP)      of ANTAM's subsidiary       ,      mapping , test pit s       ampling, polygon
PT Sumberdaya Arindo (PT SDA) , in Buli, North        grid /trajectory       measurement, and
Maluku.                                               development of t est pit.




                                                                                                     6
Page 7
                                     ANTAM’S EXPLORATION AREAS IN 9M25



                                 Bauxite:
                                  Tayan

                                                                                                            Nickel:
                                                                                                             Buli

                    Bauxite:
                   Mempawah -
                     Toho                                                                 Nickel:
                                                                                       North Konawe
                                                Bauxite:
                                                Landak
                                                                               Nickel:
                                                                              Pomalaa
                                   Gold:
                                  Pongkor




    The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on
information compiled by Mr. Bronto Sutopo who is a Member of The Australasian Institute of Mining and Metallurgy.
   Mr. Bronto Sutopo is a full -time employee of the company. Mr. Bronto Sutopo has sufficient experience which is
     relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is
 undertaking to qualify as a Competent Person as defined in th              e 2012 Edition of the ‘Australasian Code for Reporting
   of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Bronto Sutopo consents to the inclu¬sion in the
                report of the matters based on his information in the form and context in which it appea                    rs.




                                                                                                                                     7
Page 8
EXPLORATION & EXPLOITATION AREA (UNAUDITED)

ANTAM has exploration and exploitation areas covered by various mining business licenses with the
following data:


                                          Exploration Mining             Operation Production IUP (IUP OP), Contract of
              Location                     Business Permits               Work (KK), Industrial Business License (IUI),
                                                 (IUP)                   Specific Mining Business License (IUP -OPK) for
                                                                                     Processing and Refining

 Owned by the Company

 Kab. Sarolangun (Batang Asai),          SK Kepala BKPM RI No.
                                                                                                -
 Prov. Jambi*                            164/I/IUP/PMDN/2020

 Kab. Sarolangun dan Merangin            SK Kepala BKPM RI No.
                                                                                                -
 (IUP-VII), Prov. Jambi*                 165/I/IUP/PMDN/2020

 Kab. Sarolangun dan Merangin           SK Kepala BKPM RI No.
                                                                                                -
 (IUP-VIII), Prov. Jambi*               166/I/IUP/PMDN/2020

 Cibaliung, Kab. Pandeglang,                                                            SK Bupati Pandeglang
 Prov. Banten**                                       -                            No. 541.23/Kep.747- BPPT/2013

                                                                       IUP Operasi Produksi Khusus untuk Pengolahan dan
 UBPP Logam Mulia, Jakarta                                                          Pemurnian Mineral sesuai
                                                      -
                                                                            SK Menteri ESDM No. 261.K/30/DJB/2011

 Pongkor, Kab Bogor, Prov
                                                                        SK BKPM RI No. 171/I/IUP/PMDN/2020 (98PP0138)
 Jawa Barat                                           -

 Arinem (Ciarinem),
 Papandayan, Kab. Garut, Prov                                                   SK BKPM No.256/I/IUP/PMDN/2019
                                                      -
 Jawa Barat
 Mempawah Hulu, Landak,
                                                      -                     SK Bupati Landak No. 544.11/330/HK-2014
 Kalimantan Barat

 Toho, Mempawah, Pontianak,
                                                                             SK Bupati Pontianak No. 221 Year 2009
 Kalimantan Barat                                     -

 Toho, Mempawah, Pontianak,                                                        SK Gubernur Kalimantan Barat
 Kalimantan Barat                                     -                              No. 444/ Distamben/2015

 Tayan, Sanggau, Kalimantan
                                                      -                        SK BKPM RI No. 241/1/IUP/PMDN/2021
 Barat

 Lasolo, Konawe Utara,
                                                      -                      SK Bupati Konawe Utara No. 15 Tahun 2010
 Sulawesi Tenggara

 Asera dan Molawe, Konawe Utara,
                                                                            SK Bupati Konawe Utara No. 158 Tahun 2010
 Sulawesi Tenggara                                    -

 Pomalaa, Kolaka, Sulawesi
                                                                            SK Kepala BKPM RI No. 172/I/IUP/PMDN/2020
 Tenggara                                             -
 Notes:
 *)     Suspension extension prosess status
 **)    The validity period has expired and is not extended, on progress in permit return




                                                                                                                           8
Page 9
                                                                           Operation Production IUP (IUP -OP), Contract of
                                                                           Work (CoW), Industrial Business Licence (IUI) and
           Location                   Exploration Mining Business
                                                                            Specific Mining Business Licence (IUP -OPK) for
                                              Permits (IUP)
                                                                                        Processing and Refinery

Owned by the Company (continued)

Batu Kilat, Kolaka, Sulawesi
                                                      -                         SK Kepala BKPM RI No. 175/I/IUP/PMDN/2020
Tenggara

Sitallo, Kolaka, Sulawesi
                                                      -                         SK Kepala BKPM RI No. 173/I/IUP/PMDN/2020
Tenggara

Maniang, Kolaka, Sulawesi
                                                      -                         SK Kepala BKPM RI No. 16/1/IUP/PMDN/2023
Tenggara

Tambea, Kolaka, Sulawesi
                                                      -                         SK Kepala BKPM RI No. 174/I/IUP/PMDN/2020
Tenggara

Maba, Halmahera Timur,
                                                      -                               SK BKPM RI No. 1103/1/IUP/PMDN/2022
Maluku Utara*

Oksibil (Kentaurus), Kab.
                                               SK BKPM RI
Pegunungan Bintang dan
                                        No. 622/I/IUP/ PMDN/2021                                      -
Boven Digoel, Prov. Pap ua**

Oksibil (Polaris),
                                               SK BKPM RI
Kab. Pegunungan Bintang,
                                       No. 234/1/IUP/ PMDN/2020                                       -
Prov. Papua**

Oksibil (Venus), Kab.
                                               SK BKPM RI
Pegunungan Bintang, Prov.
                                       No. 233/1/IUP/ PMDN/2020                                       -
Papua**

Oksibil (Orion), Kab.
                                               SK BKPM RI
Pegunungan Bintang, Prov.
                                       No. 357/1/IUP/ PMDN/2021                                       -
Papua**
Blok Lilief Sawai, Kabupaten
                                             SK BKPM RI No.
Halmahera Tengah, Provinsi                                                                            -
                                           81200038033160073
Maluku Utara
Blok Marimoi, Kabupaten
                                             SK BKPM RI No.
Halmahera Timur, Provinsi                                                                             -
                                           81200038033160074
Maluku Utara

Owned by the Subsidiaries

PT Citra Tobindo Sukses Perkasa                                                            SK DPMPTSP Jambi
Mandiangin, Sarolangun, Jambi                         -                       No. 185/KEP.KA.DPM-PTSP- 6.1/IUPOP/IX/2019


PT Borneo Edo Sejahtera -
                                                                                              SK DPMPTSP
Sebadu, Mandor, Kalimantan
                                                      -                          No. 503/18/IUP-OP.P/DPMPTSP- C.II/2020
Barat

PT Borneo Edo International -
                                                                                              SK DPMPTSP
Menjalin, Landak, Kalimantan
                                                      -                          No. 503/16/IUP-OP.P/DPMPTSP- C.II/2019
Barat
Notes:
*)     Part of IUP’s has been tranferred to PT SDA dan PT NKA (the subsidiaries)
**)    IUP’s are revoked and the Company is currently in objection/recovery process




                                                                                                                          9
Page 10
                                                                          Operation Production IUP (IUP -OP), Contract of
                                                                          Work (CoW), Industrial Business Licence (IUI) and
            Location                Exploration Mining Business
                                                                           Specific Mining Business Licence (IUP -OPK) for
                                            Permits (IUP)
                                                                                       Processing and Refinery

Owned by the Subsidiaries (continued)

                                                                              Keputusan Menteri Investasi/ Kepala Badan
PT Dwimitra Enggang
                                                                             Koordinasi Penanaman Modal No. 1130/1/IUP/
Khatulistiwa (PT DEK)-
                                                                          PMDN/2022 tentang Persetujuan Pemberian IUP pada
Menjalin,
                                                     -                     tahap kegiatan operasi produksi untuk komoditas
Landak, Kalimantan Barat*
                                                                                    mineral logam kepada PT DEK
PT Mega Citra Utama –
                                                                             SK Gubernur Kalimantan Barat No. 503/16/IUP-
Meliau, Sanggau, Kalimantan
                                                     -                                OP.P/DPMPTSP-C.11/2019
Barat


                                                                                  Kontrak Karya sesuai SK Menteri ESDM
PT Gag Nikel - Pulau Gag, Raja                       -
                                                                                          No. 430.K/30/DJB/2017
Ampat, Papua Barat

PT Sumber Daya Arindo -
                                                                                                SK BKPM RI
Maba, Halmahera Timur,                               -
                                                                                        No. 1104/1/IUP/PMDN/2022
Maluku Utara**

PT Nusa Karya Arindo – Maba,
                                                                                                SK BKPM RI
Halmahera Timur, Maluku                              -
                                                                                        No. 1105/1/IUP/PMDN/2022
Utara**

PT Cibaliung Sumberdaya -
                                                                              Kep. Bupati Pandeglang No. 821.13/Kep.1351-
Cibaliung, Pandeglang                                -
                                                                                               BPPT/2014
Banten***

PT Gunung Kendaik -
Mempawah Hulu dan
                                                     -                    SK Gubernur Kalimantan Barat 573/ Distamben/2015
Banyuke Hulu, Kalimantan
Barat***

ICA - Tayan Hilir, Sanggau,
                                                                                         IUI issued on 28/7/2021
Kalimantan Barat****


PT Emas Antam Indonesia -                                                   IUP Operasi Produksi Khusus Pengolahan dan
Mandiodo, Konawe Utara,                              -                     Pemurnian sesuai SK Bupati Konawe Utara No. 87
Sulawesi Tenggara                                                                           Tahun 2011


PT Emas Antam Indonesia -                                                   IUP Operasi Produksi Khusus Pengangkutan dan
Mandiodo, Konawe Utara,                              -                      Penjualan sesuai SK Bupati Konawe Utara No. 88
Sulawesi Tenggara                                                                             Tahun 2011

Notes:
*)       The permit has been upgraded to Operation Production IUP (IUP OP)
**)      Resulted from partial transfer of IUP Maba, East Halmahera, North Maluku, which was previuosly owned by Company
***)     IUP’s are revoked and the Company is currently in objection/recovery process
****)    Previously of Specific Mining Business Licence (IUP -OPK) for Processing and Refinery based on Decision Letter of MoEMR
         No.668.K/30/DJB/2012 valid until 20 June 2032




                                                                                                                                   10
Page 11
CORPORATE NEWS

ANTAM RECEIVES ICDX APPRECIATION FOR                  held on June 12, 2025. The total dividends
CLEAN ENERGY COMMITMENT AT                            distributed reached Rp3.65 trillion, all of which
PRECIOUS METALS PROCESSING AND                        came from net profit attributable to the Owner
REFINERY BUSINESS UNIT                                of the Parent of the Company.

On July 9, 2025 ANTAM , received an award             ANTAM RECEIVED INDONESIA ORIGINAL
from the Indonesia Commodity & Derivatives            BRAND 2025 AWARD IN PRECIOUS METALS
Exchange (ICDX) for its initiative in purchasing      CATEGORY
Renewable Energy Certificates (REC) used in
the operations of the Precious Metals                 On July 10, 2025, A NTAM has achieved a
                                                                                      st
Processing and Refinery Business Unit .               milestone by winning the 1         Winner with
                                                      Excellent predicate in the Precious Metals
The purchase of REC’s is part of the Company’s        (Gold Bar) category at the 2025 Indonesia
strategy to increase the clean energy in              Original Brand (IOB) Award. ANTAM was also
operations practices without compromising             honored with the Indonesia Brand Excellence
the reliability of its current electricity supply .   in Customer Value 2025 award in the same
Through the purchase of REC from ICDX,                category, receiving the Excell ent predicate.
ANTAM’s Precious Metals Processing and
Refinery Business Unit has achieved a                 The IOB Award 2025 and Indonesian Brand
renewable energy mix of around 94%. This              Excellence in Customer Value 2025 reflect the
reflects ANTAM commitment to being a                  public’s trust and ANTAM’s commitment to
responsible industry player, supporting the           continuously enhancing the value of our
national decarbonization target, while                products and services .
building a sustainability based competitive
advantage .                                           ANTAM LAUNCHES GOLD SPECIAL EDITION
                                                      OF SIMFONI IBU PERTIWI
As a reflection of the Company’s commitment
to innovation and digitalization of gold              On July 1, 2025, ANTAM has launched a special
products, ANTAM was also received as the              edition Gift Series titled “Simfoni Ibu Pertiwi”.
Most Valuable Member Digital Gold by ICDX.            This series is designed to evoke patriotism
The award acknowledges ANTAM’s innovation             through artistic beauty and investment value.
in digital physical gold products through             Its distinctive motif reflects the harmony
BRANKAS.                                              between nature and culture, making it not
                                                      only a valuable collectible but also a symbol of
RECORDED STRONG FINANCIAL                             Indonesian identity and pride .
FUNDAMENTALS, ANTAM DISTRIBUTES
100% OF 2024 NET PROFIT AS DIVIDENDS                  Through the ‘Simfoni Ibu Pertiwi’, ANTAM aims
                                                      to invite the public, especially the younger
On July 11, 2025, ANTAM, recorded its strong          generation, to remember and celebrate
financial fundamentals by distributing                national values .
dividends of 100% of the net profit for the
Financial Year 2024 attributable to the Owner         ANTAM SUPPORTS MANGROVE
of the Parent of the Company to shareholders.         ECOSYSTEM PROTECTION AND
                                                      MANAGEMENT IN WEST KALIMANTAN
The cash dividend was paid in accordance with
the decision of the Annual General Meeting of         On August 8, 2025, ANTAM participated in a
Shareholders (GMS) for Financial Year 2024            mangrove planting activity at Mempawah




                                                                                                  11
Page 12
Mangrove Conservation (MMC) to                       Environmental & Social Innovation Award
commemorate World Mangrove Day.               This   (ENSIA) 2025 held by PT Sucofindo (Persero)
activity is part of efforts to restore mangrove      and supported by the Ministry of Environment .
ecosystems and strengthen the protection of
Indonesia's coastal areas.                           At the ENSIA 2025, ANTAM through its business
                                                     units, managed to obtain a several awards in
The ANTAM’s involvement in this event aligns         various categories . In addition, ANTAM also
with its commitment to environmental                 recorded an achievement in the category of
preservation, particularly in coastal regions . As   Local Hero for Poverty Alleviation, which was
part of its sustainability practices based on        achieved by Wahyudin, a foster partner of the
Environmental, Social, and Governance (ESG)          Gold Mining Business Unit.
principles, ANTAM consistently conducts
mangrove planting activities in areas                ANTAM’S ESG COMMITMENT IN
surrounding its operational sites. As of June        COMMEMORATING WORLD RIVERS DAY
2025, ANTAM has planted over 1.16 milli         on   THROUGH URBAN FARMING
mangrove seedlings across 100 hectares.              COLLABORATION AND CLEAN                    -UP
                                                     ACTIVITIES
ANTAM has also implemented various concrete
measures to conserve mangrove ecosystems in          On September 27, 2025,       ANTAM, with the
its operational areas through rehabilitation and     Ministry of Environment and the East Jakarta
planting programs in the coastal zones of            City Government to implement an Urban
Southeast Sulawesi, North Maluku, and                Farming program along the banks of the East
Southwest Papua .                                    Flood Canal (Kanal Banjir Tim ur), Duren Sawit,
                                                     East Jakarta. Urban Farming program initiated
PUBLIC EXPOSE LIVE 2025: ANTAM                       by ANTAM through Precious Metal Processing
RECORDS SURGE IN PROFIT FOR THE FIRST                and Refinery Business Unit has entered its
HALF OF 2025                                         second year. It was launched to commemorate
                                                     World Rivers Day as well as to support the
On September 11, 202 5, the Company once             central government’s food security program .
again participated in the Public Expose Live
2025 event organized by PT Bursa Efek                Previously, the harvest handed over in 2024
Indonesia (BEI).                                     reached around 360 tons. The seedlings
                                                     handed over during this activity were planted
The 202 5 ANTAM Public Expose Live was               along the banks of the Kanal Banjir Timur with
attended by participants from securities             a potential harvest reaching 380 tons, and the
institutions, analysts, investors, and the general   results can be directly utilized        by the
public. During the event, ANTAM Management           surrounding community.
presented updates on operational and financial
performance for the first six months of 2025 , as    Not only providing plant seedlings, the
well as progress on the Company's                    company also organizes environmental clean -
development projects.                                up activities in the Kanal Banjir Timur area
                                                     involving ANTAM employees as volunteers.
ANTAM RECEIVES ENSIA 2025 AWARDS,                    This activity aligns with ANTAM’s commitment
PROOF OF CONSISTENCY IN ESG                          to support environmental programs in syner gy
IMPLEMENTATION                                       with the Ministry of Environment and the City
                                                     Government.
On September 16, 2025, ANTAM, reaffirmed its
commitment to sustainable mining practices
by winning various awards at the




                                                                                                12
Page 13
ANTAM RECEIVED TWO AWARDS AT THE                   IMPROVED ESG PERFORMANCE:
STELLAR WORKPLACE AWARD 2025                       SUSTAINALYTICS RISK SCORE
                                                   DOWNGRADED TO MEDIUM RISK CATEGORY
On September 27, 2025, ANTAM successfully
received two prestigious awards at the 2025        ANTAM recorded improvement in its ESG
Stellar Workplace Award: Stellar Workplace         performance is reflected in the Sustainalytics
Recognition in Employee Commitment and             risk score, which shows a decline from high risk
Stellar Workplace Recognition in Employee          to medium risk , based on data from the
Satisfaction. This annual event carried the        Sustainalytics ESG Risk Rating Report     . This
theme “Employee Engagement in a Future         -   improvement reflects strengthened risk
Ready Workplace”, emphasizing the crucial role     management, better information disclosure,
of employees in building adaptive, healthy, and    and increasingly solid corporate governance.
sustainable organizations amid the evolving
dynamics of the modern workplace.                  ANTAM continues to strengthen its
                                                   sustainability initiatives through various
ANTAM's achievement reflects the company's         strategic ESG programs, including energy and
success in implementing a human resources          water efficiency, waste management,
strategy focused on talent development,            community empowerment, enhancement of
enhancing job satisfaction, and leveraging         good corporate governance, and
technology to strengthen employee                  improvements in employee safe ty and well -
engagement and organizational effectiveness.       being. ANTAM is committed to maintaining this
                                                   positive momentum by continuously
                                                   reinforcing ESG practices in line with global
                                                   standards across all aspects of its operations.


                                                                          ###




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Names mentioned 44 people and organisations named in the text · linked when the evidence is strong

linked person Wisnu Danandi Haryanto p.1
linked person Rauf Purnama p.2
linked person Pius Lustrilanang p.2
linked person Irwandy Arif p.2
linked person Elen Setiadi p.2
linked person Rudy Sufahriadi p.2
linked person M. Rudy Salahuddin Ramto p.2
linked person Achmad Ardianto p.2
linked person I Dewa Wirantaya p.2
linked person Handi Sutanto p.2
linked person Arianto Sabtonugroho Rudjito p.2
linked person UBS AG LONDON p.2
linked org PT Emas Antam Indonesia p.10 ×3
possible org ANTAM TBK p.1 ×2
possible person Ratih Dewihandajani L. p.2
unresolved org Indonesia Stock Exchange p.2
unresolved org BARCLAYS CAPITAL SECURITIES LIMITED p.2
unresolved org HSBC LIMITED p.2
unresolved org PT Indonesia Chemical p.4
unresolved org PT ICA p.4 ×2
unresolved org PT Borneo Alumina p.4 ×2
unresolved org PT Freeport Indonesia p.5
unresolved org PT SDA p.6 ×3
unresolved org PT Sumberdaya Arindo p.6
unresolved person Bronto Sutopo p.7 ×4
unresolved org Menteri ESDM p.8
unresolved org PT Citra Tobindo Sukses Perkasa p.9
unresolved org PT Borneo Edo Sejahtera p.9
unresolved org PT Borneo Edo International p.9
unresolved org PT NKA p.9
unresolved org Menteri Investasi p.10
unresolved org PT Dwimitra Enggang Koordinasi Penanaman Modal p.10
unresolved org PT DEK p.10 ×2
unresolved org PT Mega Citra Utama p.10
unresolved org PT Gag Nikel p.10
unresolved org PT Sumber Daya Arindo p.10
unresolved org PT Nusa Karya Arindo p.10
unresolved org PT Cibaliung Sumberdaya p.10
unresolved org PT Gunung Kendaik p.10
unresolved person PERTIWI As p.11
unresolved person Pertiwi p.11 ×2
unresolved org PT Sucofindo (Persero) p.12
unresolved org Ministry of Environment p.12 ×3

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