20241203_DOID_Laporan Informasi dan Fakta Material_31804540_lamp1.pdf

PRESS RELEASE                                                             FOR IMMEDIATE RELEASE


 Delta Dunia Group Strengthens Australian Footprint with A$62
                Million Investment in 29Metals
    ▪   Delta Dunia Group, via its indirect subsidiary Bukit Makmur Mandiri Utama Pte. Ltd. (BUMA
        Singapore), will expand its presence in Australia through a A$62 million institutional and retail
        placement with 29Metals Limited (29Metals), an ASX-listed mid-sized copper-focused base
        and precious metals mining company.
    ▪   This placement provides the Group with immediate exposure to copper and zinc through a
        producing miner – a significant step in Delta Dunia Group’s strategic plan to diversify towards
        future-facing commodities, aligned with global sustainability priorities.
    ▪   29Metals operates key assets, including the Golden Grove mine in Western Australia and
        Capricorn Copper mine in Queensland, offering long-life, high-quality copper production in
        low-risk regions. The company’s operations also present significant organic growth potential,
        with exploration upside and resource expansion opportunities at these key projects.
    ▪   The placement is part of 29Metals' equity raise to deleverage and fund Gossan Valley
        development, optimizing the Golden Grove mine plan and improving production flexibility with
        higher-grade ore.


Jakarta, Indonesia – December 3rd, 2024 – PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX:
DOID), through its indirect subsidiary Bukit Makmur Mandiri Utama Pte. Ltd. (BUMA Singapore), has
entered into an agreement with 29Metals Limited (29Metals, ASX: 29M) to subscribe for 229,902,537
newly issued shares, at A$0.27 per share, for a total of A$62 million. This forms part of 29Metals'
A$180 million equity raise and grants the Group a significant minority interest of 19.9% in 29Metals.

As part of the placement, the Group will have the right to nominate one Non-Executive Director to the
Board of 29Metals, with the option to nominate a second Non-Executive Director if its stake exceeds
20% of the total shares outstanding.

Ronald Sutardja, President Director of Delta Dunia Group, stated: “The strategic transaction
reinforces our commitment to diversification and growth into future-facing commodities and builds on
our recent significant acquisitions; entering a binding agreement to acquire a 51% interest in the
Dawson Complex in Australia and acquiring Atlantic Carbon Group Inc., the second largest ultra-high-
grade anthracite producers in the USA. This transaction represents a tangible step in Delta Dunia
Group’s strategic long-term goal to support the transition to a low-carbon economy, while diversifying
our portfolio to align with a more sustainable future.”

This transaction represents a significant step in the Group’s strategic expansion into the future-facing
commodities sector, offering valuable exposure to copper and zinc. At an attractive price relative to
recent transactions and trading peers in the copper sector, this acquisition provides the Group with an
immediate and high-value opportunity.