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                                                          ANNOUNCEMENT
                                                         SUMMARY MINUTES
                                   EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
                                                   PT ADARO ENERGY INDONESIA TBK


PT ADARO ENERGY INDONESIA Tbk (hereinafter referred to as “the Company”), domiciled in South Jakarta, hereby announces that on
Monday, November 18th, 2024, at Cyber 2 Tower, 26th floor, Jl. H.R. Rasuna Said Blok X-5 No. 13, Jakarta Selatan, 12950, its Extraordinary
General Meeting of Shareholders (hereinafter “EGMS”) has been held offline and online using the Electronic General Meeting System facility
(“eASY.KSEI”) provided by PT Kustodian Sentral Efek Indonesia (“KSEI”). The EGMS was commenced at 09.45 Western Indonesian Time,
with the following summary minutes:


A.   The members of the Board of Commissioners and the Board of Directors attending the EGMS
     The Board of Commissioners:
     -   Arini Saraswaty Subianto, acting as Commissioner;
     -   Budi Bowoleksono, acting as Independent Commissioner; and
     -   Ir. Mohammad Effendi, acting as Independent Commissioner and a legitimate proxy, based on the power of attorney privately signed
         on November 7th, 2024 of, respectively:
         -   Edwin Soeryadjaya, in his position as President Commissioner.

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         -   Ir. Theodore Permadi Rachmat, in his position as Vice President Commissioner.




     The Board of Directors:
     -   Garibaldi Thohir, acting as President Director;
     -   Christian Ariano Rachmat, acting as Vice President Director;
     -   Michael William P. Soeryadjaya, acting as Director.
     -   M. Syah Indra Aman, acting as Director;
     -   Julius Aslan, acting as Director; and
     -   Iwan Dewono Budiyuwono, acting as Director.


B.   Quorum of Shareholders
     The quorum provisions for EGMS implementation are as follows:
     ➢ For EGMS First Agenda: Pursuant to article 41 point 1(a) of FSA Regulation number 15/POJK.04/2020 on the Plan and
         Implementation of General Meeting of Shareholders of Public Companies (“POJK No. 15/2020”), EGMS can be convened if it is
         attended by the shareholders or their proxies representing more than ½ (one half) of the total number of shares with valid voting rights
         that have been issued by the Company and pursuant to article 41 point 1(c) of POJK No. 15/2020, the EGMS resolutions are valid if
         approved by more than ½ (one half) of the total shares with voting rights attending the EGMS.
     ➢ For EGMS Second Agenda: Pursuant to article 42 (a) of POJK No. 15/2020, EGMS can be convened if it is attended by the
         shareholders or their proxies representing more than 2/3 (two thirds) of the total number of shares with valid voting rights that have


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       been issued by the Company and pursuant to article 42 (b) of POJK No. 15/2020, the EGMS resolutions are valid if approved by more
       than 2/3 (two thirds) of the total shares with voting rights attending the EGMS.
     ➢ The EGMS was attended by the Company’s shareholders or shareholder proxies totaling 25,670,087,033 (twenty-five billion six
       hundred seventy million eighty-seven thousand and thirty-three) shares or 83.456% (eighty-three point four five six percent) out of
       30,758,665,900 (thirty billion seven hundred fifty-eight million six hundred sixty-five thousand and nine hundred) shares, which is the
       total number of shares issued by the Company until the EGMS implementation date.
     ➢ In accordance with POJK No. 15/2020, the provisions on EGMS quorum have been fulfilled. Therefore, the EGMS was valid and
       qualified to make valid and binding resolutions.


C.   The EGMS Agenda
     1. Approval for the use of a portion of the Company’s retained earnings to be distributed as additional final cash dividend
     2. The change of the Company’s name


D.   Question & Answer Session
     Prior to making the resolutions, the EGMS Chairperson offered the opportunity to the shareholders or shareholder proxies to submit
     questions at the discussion of the EGMS agenda. The summary is as follows:
     - Four shareholders or shareholder proxies raised questions during the discussion of the EGMS First Agenda, consisting of two
       shareholders or shareholder proxy who conveyed the questions offline using the question forms and two shareholders or shareholder
       proxies who conveyed the questions online through eASY.KSEI.
     - Two shareholders or shareholder proxies raised questions during the discussion of the EGMS Second Agenda, consisting of one
       shareholders or shareholder proxy who conveyed the questions offline using the question forms and one shareholder or shareholder
       proxy who conveyed the questions online through eASY.KSEI.

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E.   EGMS Resolution Mechanism
     The Shareholders and/or Shareholder proxies may cast votes in the EGMS either offline using the voting cards distributed, or online
     through the eASY KSEI system.
     The resolutions were to be made under deliberation for consensus mechanism; however, in the case that any of the shareholders or
     shareholder proxies disagreed or abstained, the resolutions would be made through voting by collecting the voting cards.


F.   EGMS Resolutions
                                                                EGMS First Agenda
      Number of                 Four persons
      shareholders conveying
      a question
      Voting result                            Agree                               Abstain                               Disagree
      EGMS approved with 25,670,067,433                (twenty-five 84,874,400     (eighty-four   million 19,600     (nineteen   thousand    six
      majority votes            billion six hundred seventy million eight      hundred       seventy-four hundred) shares or 0.000% (zero
                                sixty-seven thousand four hundred thousand four hundred) shares.            point zero zero zero percent) out of
                                and    thirty-three)   shares    or                                         the total votes attending the EGMS.
                                99.999% (ninety-nine point nine - Pursuant to article 47 of POJK
                                nine nine percent) out of the total    No. 15/2020,    the   shareholders
                                votes attending the EGMS.              with valid voting rights who
                                                                       attended the EGMS but did not


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                                                          vote, or abstained, are deemed to
                                                          have voted for the same options
                                                          as the majority votes of the
                                                          shareholders who voted.
Resolutions on the   1. Approved the appropriation and use of a portion of the Company’s unappropriated retained
EGMS First Agenda       earnings as at December 31st, 2023 as recorded in the Company’s Consolidated Financial Statements
                        audited by Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan in its report of February
                        28th, 2024, to be distributed as additional final cash dividend to all the Company’s shareholders in the
                        amount up to US$2,629,396,000 (two billion six hundred twenty-nine million three hundred ninety-
                        six thousand United States dollars).
                     2. Granted full authority to the Company’s Board of Directors to, under their own discretion, take any
                        decisions and/or actions they consider appropriate or necessary for the implementation of the
                        distribution/payment of the additional final cash dividend, including but not limited to the procedure
                        for the distribution/payment of the additional final cash dividend, the use of third-party funding, the
                        determination of the implementation date of the distribution/payment of the additional final cash
                        dividend, the amount of the distribution/payment of the additional final cash dividend, the
                        announcement of the schedule of the distribution/payment of the additional final cash dividend, and
                        other decisions and/or actions which the Company’s Board of Directors, under their own
                        consideration, perceive to be appropriate or necessary, and with regard to the implementation of
                        such authority, the Company’s Board of Directors may grant authority (with substitution rights) to
                        the party(ies) they appoint.


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                         3. Ratified and approved all the actions taken by the Company’s Board of Directors as explained above.


                                                          EGMS Second Agenda
Number of                two persons
shareholders conveying
a question
Voting result                            Agree                              Abstain                              Disagree
EGMS approved with 22,372,506,419                 (twenty-two 100,503,059 (one hundred million 3,297,580,614 (three billion two
majority votes           billion three hundred seventy-two five hundred and three thousand hundred ninety-seven million five
                         million five hundred and six fifty-nine) shares.                            hundred   eighty      thousand   six
                         thousand      four     hundred   and                                        hundred   fourteen)     shares   or
                         nineteen)     shares    or   87.153% - Pursuant to article 47 of POJK 12.846% (twelve point eight four
                         (eighty-seven point one five three      No. 15/2020,   the   shareholders six percent) out of the total votes
                         percent) out of the total votes         with valid voting rights who attending the EGMS.
                         attending the EGMS.                     attended the EGMS but did not
                                                                 vote, or abstained, are deemed to
                                                                 have voted for the same options
                                                                 as the majority votes of the
                                                                 shareholders who voted.
Resolutions on the          1. Approved the change of the Company’s name from PT Adaro Energy Indonesia Tbk to
EGMS Second Agenda              PT Alamtri Resources Indonesia Tbk, and therefore amended article 1 point (1) of the


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                                       Company’s articles of association concerning the Company’s name.
                                   2. Granted full authority to the Company’s Board of Directors to, under their own discretion, take
                                       any decisions and/or actions they consider appropriate or necessary for the implementation of the
                                       name change, including but not limited to the confirmation on the decision concerning the change
                                       of the Company’s name on a notarial deed in accordance with the proposed change of the
                                       Company’s articles of association, the selection and determination on the other name changes of
                                       the Company if deemed necessary, submit the proposal to obtain the approval of the Minister of
                                       Law, register it in the Company Register, and with regard to the implementation of such
                                       authority, the Company’s Board of Directors may grant authority (with substitution rights) to the
                                       party(ies) they appoint.
                                   3. Ratified and approved all the actions taken by the Company’s Board of Directors as explained
                                       above.


     The EGMS was concluded at 10.27 Western Indonesian Time.


G.   Distribution Schedule and Mechanism for the Additional Final Cash Dividend

     Following the resolution of the First Agenda of the Meeting, the distribution schedule and mechanism of the additional final cash dividend
     are as follows:




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Distribution Schedule of the Additional Final Cash Dividend


                                                      Remarks                                                           Date

a. Announcement of the schedule and mechanism for the distribution of additional final cash dividend on
                                                                                                                November 20th, 2024
   IDX’s website and the Company’s website
b. The date for recording the shareholders who are entitled to the additional final cash dividend (“record
                                                                                                                November 29th, 2024
   date”)
c. Announcement of conversion rate (Bank Indonesia’s middle rate) and information on the dividend
                                                                                                                November 29th, 2024
   amount per share on IDX’s website and the Company’s website
d. Regular and negotiated market:
  • Cum dividend                                                                                                November 26th, 2024
  • Ex dividend                                                                                                 November 28th, 2024
e. Cash Market:
  • Cum dividend                                                                                                November 29th, 2024
  • Ex dividend                                                                                                 December 2nd, 2024
f. Payment of additional final cash dividend                                                                    December 6th, 2024

 Distribution Mechanism for the Additional Final Cash Dividend:

  1. This announcement shall serve as the official announcement from the Company and the Company will not issue any separate
     announcement to the shareholders.

  2. The additional final cash dividend will be distributed to the shareholders listed in the Company’s List of Shareholders on November
     29th, 2024 (record date) up to 16:00 Western Indonesian Time.



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3. The additional final cash dividend will be distributed in rupiah currency by referring to Bank Indonesia’s middle rate on the EGMS
   date as the conversion rate. The Company will report and announce the conversion rate and the amount of dividend per share on
   FSA’s e-reporting facilities, IDX’s website and the Company’s website on November 29th, 2024.

4. The shareholders whose shares are recorded in the collective custody of KSEI will receive the additional final cash dividend through
   the holders of the accounts at KSEI. The written confirmation on the distributed additional final cash dividend will be submitted by
   KSEI to the securities firms and/or custodian banks, and the shareholders will subsequently receive the information on the matter
   from the respective securities firm and/or custodian bank of their account.

5. The provisions of income tax deduction on the distribution of the additional final cash dividend to foreign shareholders (foreign tax
    payers) are:
   a. The income tax deduction for the shareholders domiciled in the countries with no tax treaty with the government of Indonesia
       shall refer to Article 26 of Income Tax Law, in which the withholding tax rate is 20% (twenty percent) of gross amount.
   b. The income tax deduction for the shareholders domiciled in the countries with a tax treaty with the government of Indonesia shall
       refer to the treaty, which generally applies lower withholding tax rate. However, to take advantage of the tax treaty, the
       shareholders must submit the authentic copy of Certificate of Domicile issued by the Tax Authority of their respective country,
       which shall be valid as at the Record Date. The authentic copy of the document must be submitted no later than November 29th,
       2024 at 16.00 Western Indonesian Time to:
        - KSEI through the account holders appointed by the shareholders (for the shareholders whose shares are kept / recorded at
           collective custody);
        - the Company’s Bureau of Securities Administration (for the shareholders with share scrips).

   If the authentic copy of the document is not submitted until the said deadline, the additional final cash dividend to be distributed will
   be deducted with income tax Article 26 with the tax rate of 20% (twenty percent).

6. The withholding tax proof for the additional final cash dividend for the Company’s shareholders recorded on KSEI’s collective
   custody (scripless) and the shareholders with share scrips may be obtained from the Company’s Securities Administration Bureau.



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This announcement of the Minutes of Meeting is in the fulfillment of Article 51 of POJK 15/2020.


                                                    Jakarta, November 20th, 2024
                                             PT ADARO ENERGY INDONESIA Tbk
                                                  THE BOARD OF DIRECTORS




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Names mentioned 18 people and organisations named in the text · linked when the evidence is strong

linked org ADARO ENERGY INDONESIA TBK p.1 ×11
linked person Arini Saraswaty Subianto · Commissioner p.1
linked person Edwin Soeryadjaya p.1
linked — Garibaldi Thohir · President Director p.2
linked person Julius Aslan · Director p.2
linked person Iwan Dewono Budiyuwono · Director p.2
possible person Budi Bowoleksono · Independent Commissioner p.1
possible org Alamtri Resources Indonesia Tbk p.6 ×2
unresolved org PT Kustodian Sentral Efek Indonesia p.1
unresolved person Ir. Mohammad Effendi · Independent Commissioner p.1
unresolved person Ir. Theodore Permadi Rachmat p.2 ×2
unresolved — Christian Ariano Rachmat · Vice President Director p.2 ×2
unresolved — Michael William P. Soeryadjaya · Director p.2
unresolved — M. Syah Indra Aman · Director p.2
unresolved org Rintis & Rekan p.5
unresolved org Minister of Law p.7
unresolved org Bank Indonesia p.8 ×2
unresolved org Bank Indonesia’s p.8 ×2

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