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Page 1
     New Leadership Amid Strategic Momentum: PT Vale Announces Board
    Restructuring Through an Extraordinary General Meeting of Shareholders


Jakarta, 28 July 2025 – PT Vale Indonesia Tbk (“PT Vale” or the “Company”; IDX Code:
INCO), an integrated and sustainable nickel mining company, held its Extraordinary General
Meeting of Shareholders (“EGMS”) today in a hybrid format—physically at Private Dining
Room 1&2, 6th Floor, The Ritz Carlton Jakarta Pacific Place, SCBD, Jl. Jend. Sudirman Kav.
52-53, Senayan, Kebayoran Baru, Jakarta 12190, and virtually through PT Kustodian Sentral
Efek Indonesia’s (KSEI) eASY.KSEI platform. The meeting was conducted in compliance with
the Financial Services Authority (“OJK”) Regulation No. 15/POJK.04/2020 on the Planning
and Implementation of General Meetings of Shareholders for Public Companies (“POJK 15”),
as well as OJK Regulation No. 14 of 2025 on the Conduct of General Meetings of
Shareholders, Bondholders, and Sukuk Holders.

During the EGMS, shareholders approved the resignation of Mr. Yusuke Niwa from his
position as Commissioner and resolved to honorably discharge Mr. Muhammad Rachmat
Kaimuddin from his role as President Commissioner, Mr. Edi Permadi from his role as
Commissioner, and Mr. Adriansyah Chaniago from his role as Director and Chief Human
Capital Officer.

The EGMS also appointed Mr. Fauzambi Syahrul Multhazar as President Commissioner, Mrs.
Katherine Angela Oendoen as Commissioner, and Mr. Shiro Imai as Commissioner, along
with Mr. Heriyanto Agung Putra as Director and Chief Human Capital Officer and Mr.
Budiawansyah as Director and Chief Sustainability and Corporate Affairs Officer. These
appointments are effective from the close of the EGMS until the 2028 Annual General Meeting
of Shareholders. In addition, Mr. Bernardus Irmanto was officially appointed as President
Director and Chief Executive Officer, with a term of office extending until the 2027 Annual
General Meeting of Shareholders.

The Company extends its deepest appreciation and gratitude to Mr. Adriansyah Chaniago,
Mr. Muhammad Rachmat Kaimuddin, Mr. Edi Permadi, and Mr. Yusuke Niwa for their
invaluable contributions and dedicated service to PT Vale.

In line with this appreciation, PT Vale’s new leadership is committed to building upon the strong
foundation laid by its predecessors and accelerating the Company’s transformation agenda.
Bernardus Irmanto, President Director and Chief Executive Officer of PT Vale, stated: “With
the trust vested in me, I am determined to uphold the continuity of best mining practices that
have been the cornerstone of PT Vale. We will continue to advance our ongoing strategic
projects, drive responsible downstream development, and create shared value for the country,
                                                                                                                          [1]
PT Vale Indonesia Tbk
Jakarta: Sequis Tower, 20th Floor, Unit 6 & 7, Jl. Jend. Sudirman Kav. 71, Jakarta 12190, Indonesia. T.(62) 21 524 9000
F.(62) 21 524 9020
Makassar: Jl. Somba Opu No. 281, Makassar 90113, Indonesia. T.(62) 411 366 9000 F.(62) 411 366 9020
Sorowako: Main Office Plant Site Sorowako, Luwu Timur 92984, Indonesia. T.(62) 475 332 9100 F.(62) 475 332 9575
www.vale.com/indonesia
Page 2
society, and all stakeholders. Through discipline, integrity, and dedication, we aim to ensure
PT Vale’s tangible contribution to energy sovereignty and sustainable development in
Indonesia.”

Following these appointments, the full composition of PT Vale’s Board of Directors and Board
of Commissioners is as follows:

Board of Directors:

       President Director and Chief Executive Officer                          :       Bernardus Irmanto
       Vice President Director and Chief Operation                                     Abu Ashar
       and Infrastructure Officer
       Director and Chief Human Capital Officer                                :       Heriyanto Agung Putra
       Director and Chief Sustainability and Corporate                         :       Budiawansyah
       Affairs Officer
       Director and Chief Financial Officer                                    :       Rizky Andhika Putra
       Director and Chief Project Officer                                      :       Muhammad Asril
       Director and Chief Strategy and Technical                               :       Luke Mahony
       Officer

Board of Commissioners:

         President Commissioner                                                    :   Fauzambi Syahrul Multhazar
         Vice President Commissioner                                               :   Emily Olson
         Commissioner                                                              :   Kristina Gauthier
         Commissioner                                                              :   Christopher McCleave
         Commissioner                                                              :   M. Jasman Panjaitan
         Commissioner                                                              :   Katherine Angela Oendoen
         Commissioner                                                              :   Shiro Imai
         Independent Commissioner                                                  :   Rudiantara
         Independent Commissioner                                                  :   Retno Marsudi
         Independent Commissioner                                                  :   Marita Alisjahbana

The Company reaffirms that all changes are implemented in strict compliance with applicable
regulations and with a commitment to transparency and sound corporate governance.

This leadership transition underscores PT Vale’s commitment to strengthening a leadership
framework capable of addressing future challenges in the nickel industry, accelerating
strategic downstream projects, and creating long-term sustainable value for Indonesia through
responsible, innovative, and inclusive mining practices.



                                                                                                                          [2]
PT Vale Indonesia Tbk
Jakarta: Sequis Tower, 20th Floor, Unit 6 & 7, Jl. Jend. Sudirman Kav. 71, Jakarta 12190, Indonesia. T.(62) 21 524 9000
F.(62) 21 524 9020
Makassar: Jl. Somba Opu No. 281, Makassar 90113, Indonesia. T.(62) 411 366 9000 F.(62) 411 366 9020
Sorowako: Main Office Plant Site Sorowako, Luwu Timur 92984, Indonesia. T.(62) 475 332 9100 F.(62) 475 332 9575
www.vale.com/indonesia
Page 3
                                                                             For further information, please contact:
                                                                                 Rizky Putra, Chief Financial Officer
                                                                                      ptvi.investorrelation@vale.com

                                                                      Vanda Kusumaningrum, Head of Corporate
                                                                                            Communications
                                                                             vanda.kusumaningrum@vale.com

                                                                                                      visit our website at
                                                                                                 www.vale.com/indonesia

                                                                                                                or call us at
                                                                                                          (+62 21) 524 9000




                                                                                                                          [3]
PT Vale Indonesia Tbk
Jakarta: Sequis Tower, 20th Floor, Unit 6 & 7, Jl. Jend. Sudirman Kav. 71, Jakarta 12190, Indonesia. T.(62) 21 524 9000
F.(62) 21 524 9020
Makassar: Jl. Somba Opu No. 281, Makassar 90113, Indonesia. T.(62) 411 366 9000 F.(62) 411 366 9020
Sorowako: Main Office Plant Site Sorowako, Luwu Timur 92984, Indonesia. T.(62) 475 332 9100 F.(62) 475 332 9575
www.vale.com/indonesia

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Names mentioned 27 people and organisations named in the text · linked when the evidence is strong

linked person Yusuke Niwa p.1 ×3
linked person Muhammad Rachmat Kaimuddin p.1 ×3
linked person Edi Permadi p.1 ×3
linked person Adriansyah Chaniago p.1 ×3
linked person Fauzambi Syahrul Multhazar · President Commissioner p.1 ×2
linked person Katherine Angela Oendoen · Commissioner p.1 ×2
linked person Shiro Imai · Commissioner p.1 ×2
linked person Bernardus Irmanto p.1 ×3
linked person Abu Ashar p.2
linked person Rizky Andhika Putra p.2
linked person Muhammad Asril p.2
linked person Luke Mahony p.2
linked person Emily Olson p.2
linked person Kristina Gauthier p.2
linked person Marita Alisjahbana p.2
possible org Vale Indonesia Tbk p.1 ×8
possible person Budiawansyah · Director p.1
possible person M. Jasman Panjaitan p.2
unresolved org PT Vale Announces Board Restructuring Through p.1
unresolved org PT Kustodian Sentral Efek Indonesia p.1
unresolved org PT Kustodian Sentral Efek Indonesia’s p.1
unresolved org Financial Services Authority p.1
unresolved person Heriyanto Agung Putra · Director p.1
unresolved org PT Vale. In p.1
unresolved org PT Vale’s p.1 ×3
unresolved org PT Vale. We p.1
unresolved org PT Vale’s Board p.2

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