20241007_ANTM_Informasi Transaksi Afiliasi_31733355_lamp2.pdf

THE INFORMATION DISCLOSURE TO SHAREHOLDERS REGARDING

MATERIAL TRANSACTION AND AFFILIATED TRANSACTIONS OF
PT ANEKA TAMBANG TBK (THE “COMPANY”)

This Information Disclosure is made in connection with the (i) Share Purchase Transaction (as defined
below) which constitutes material information or facts as stipulated in OJK Regulation
No. 31/POJK.04/2015 regarding Disclosure of Material Information or Facts by Issuers or Public
Companies (“OJK Regulation No. 31/2015”), and the (ii) Granting of Shareholder Loans (as defined
below) which constitutes an affiliated transaction under OJK Regulation No. 42/POJK.4/2020 regarding
Affiliated Transactions and Conflict of Interest Transactions (“OJK Regulation No. 42/2020”), which

both transactions are part of a series of transactions as we will describe in the Introduction section
below.

THE INFORMATION PROVIDED IN THIS INFORMATION DISCLOSURE IS IMPORTANT AND
SHOULD BE READ AND DULY NOTED BY THE COMPANY'S SHAREHOLDERS.

IF YOU EMCOUNTER DIFFICULTIES IN UNDERSTANDING THE INFORMATION PROVIDED IN
THIS DISCLOSURE, IT IS ADVISABLE TO SEEK ADVICE FROM SECURITIES BROKER,
INVESTMENT MANAGER, LEGAL CONSULTANT, CERTIFITED PUBLIC ACCOUNTANT,

FINANCIAL ADVISOR, OR OTHER PROFESSIONALS.

THE BOARD OF COMISSIONERS AND BOARD OF DIRECTORS OF THE COMPANY AFFIRM
THAT ALL MATERIAL INFORMATION OR FACTS CONTAINED IN THIS INFORMATION
DISCLOSURE ARE COMPLETE, ACCURATE, AND NOT MISLEADING.

THE BOARD OF COMISSIONERS AND BOARD OF DIRECTORS OF THE COMPANY ALSO
DECLARE THAT THIS MATERIAL TRANSACTION AND AFFILIATED TRANSACTION DO NOT
CONTAIN ANY CONFLICT OF INTEREST.

Afi-antam te)

PT ANEKA TAMBANG TBK

Business Activities
Engaged in the mining of various types of mineral resources, and involved in industrial, trading,
transportation, and related services associated with the mining of various types of mineral resources,
as well as optimizing the utilization of resources owned by the Company to produce high-guality goods
and/or services with strong competitiveness to obtain/seek profits to enhance the Company's value
while adhering to the principles of a Limited Liability Company.

Domiciled in Jakarta, Indonesia

Head Office
Gedung Aneka Tambang Tower A
Jl. Letjen T.B. Simatupang No. 1, Lingkar Selatan, Tanjung Barat, Jakarta 12530
Telephone: (021) 789 1234

E-mail: corsec@antam.com
Website: https://www.antam.com

This Information Disclosure is issued in Jakarta on the date of 7 October 2024

UV 4d.

Affiliation : a. family relationship by marriage up to the second degree,
both horizontally and vertically, namely a person's
relationship with:

(0) husband or wife,
(ii) parents of husband or wife and husband or wife
and children:

Ci) grandparents of the husband or wife and husband
or wife of the grandchildren:

(iv) the sister of the husband or wife and the husband
or wife of the relative: or

v) the husband or wife and the brother of the person
concerned

b. family relationship by descent up to the second degree,
both horizontaly and vertically, namely a person's
relationship with:

(W) parents and children,
(ii) grandparents and grandchildren: or
(iii) siblings of the person concerned.

c. relationship between a party and an employee, director, or
commissioner of the party,

d. relationship between two or more companies where there
is one or more member of the same board of directors,
management, board of commissioners or supervisors,

e. a relationship between a company and a party, either
directly or indirectly, controlling or controlled by the
company or the party in determining the management
and/or policy of the company or the party:

f. a relationship between two companies that are controlled,
either directly or indirectly, in any way, in determining the
management and/or policies of the companies by the same
party, or

9. arelationship between a company and a main shareholder,
namely a party that directly or indirectly owns at least 2044
of the voting shares of the company.

Deed of Share Transfer : Deed of Share Transfer No. 5 dated 3 October 2024 made before
Mina Ng, S.H., SPN., M. Kn., Notary in Jakarta.

APN 1 Asia Pacific Nickel Pty Ltd. domiciled in Australia, a company legally
established under the laws of Australia, which is a Controlled
Company owned 10044 by the Company.

Conlflict of Interest 1. The difference between the economic interests of a Public
Company and the personal economic interests of members of the
board of directors, members of the board of commissioners, main
shareholders, or controllers that may harm the Public Company as
referred to in OJK Regulation No. 42/2020.

PASO DSR E Public Appraisal Services Office of Doli Siregar & Rekan.

JISDOR
JLMI

ISBC
PASO

PASO Fairness Opinion
Report

MOLHR

NI

FSA

Ore Supply

Shareholder Loan

Shareholder Loan
Agreement

Company

Public Company

Controlled Company

CSPA

Jakarta Interbank Spot Dollar Rate.

PT Jiu Long Metal Industry, domiciled in South Jakarta, a limited
liability company legally established under the laws of the Republic
of Indonesia, which is a controlled subsidiary of ETGL.

Indonesian Standard Business Classification.
Public Appraisal Services Office.

Fairness opinion on Affiliated Transaction (as defined below) by
PTGN as the Controlled Company which is either directly or
indirectly owned 10074 by the Company conducted by PASO No.
00085/2.0042-00/BS/02/0405/1/1X/2024 dated 26 September
2024

Minister of Law and Human Rights of the Republic of Indonesia.

Nemton International Investment Pte. Ltd. domiciled in Singapore,
a company duly incorporated under the laws of Singapore, which is
a controlled subsidiary of ETGL.

Financial Services Authority, an independent institution that has the
function, duty and authority to regulate, supervise, examine and
investigate financial services activities in the capital market sector,
insurance, pension funds, financing institutions, and other financial
services institutions as referred to in Law No. 21 of 2011 concerning
the Financial Services Authority as amended by Law No. 4 of 2023
concerning the Development and Strengthening of the Financial
Sector which is a successor agency to the Capital Market and
Financial Institutions Supervisory Agency.

Nickel ore supply agreement between PTGN and UMT signed on 3
May 2024 as amended by Amendment Agreement to the Ore
Supply Agreement signed on 3 October 2024.

The provision of shareholder loan by PTGN as the Controlled
Company which is directly or indirectly owned 1005 by the
Company to JLMI which is carried out based on the Shareholder
Loan Agreement.

Shareholders Loan Agreement between PTGN and JLMI signed on
3 October 2024.

PT Aneka Tambang Tbk, domiciled in Jakarta, a public limited
liability company legally established under the laws of the Republic
of Indonesia whose shares are listed on the Indonesia Stock
Exchange, established according to and based on the laws and
regulations of the Republic of Indonesia.

Issuers that have made a public offering of eguity securities or
public companies.

A company that is controlled either directly or indirectly by a Public
Company.

Conditional Sale and Purchase Agreement between NII and PTGN
dated 3 May 2024 as amended by the Amendment Agreement to

3 SV AN

OJK Regulation No.
31/2015

OJK Regulation No:
15/2020

OJK Regulation No.
17/2020

OJK Regulation No.
42/2020

OJK Regulation No.
35/2020

Prepayment

PTGN

Series of Transactions

GMS

EGM

OJK Circular Letter No.

1712020
Share Purchase
Transaction

Affiliated Transaction

ETGL

the Conditional Sale and Purchase Agreement signed on 3 October
2024.

OJK Regulation No. 31/POJK.04/2015 concerning Information
Disclosure or Material Facts by Issuers or Public Companies.

OJK Regulation No. 15/POJK.04/2020 concerning the Plan and
Implementation of the General Meeting of Shareholders of Public
Companies.

OJK Regulation No. 17/POJK.04/2020 concerning Material
Transactions and Changes in Business Activities.

OJK Regulation No. 42/POJK.04/2020 concerning Affiliated
Transactions and Conflict of Interest Transactions.

OJK Regulation No. 35/POJK.04/2020 concerning Assessment
and presentation of Business Valuation Reports in the Capital
Market.

Agreement between PTGN and UMT under which the prepayment
is made by UMT to PTGN for the supply of nickel ore under the Ore
Supply Agreement, signed on 3 May 2024 as amended by the
Amendment Agreement to the Prepayment Agreement signed on 3
October 2024.

PT Gag Nikel, domiciled in Jakarta, a limited liability company
legally established under the laws of the Republic of Indonesia,
which is a Controlled Company that is directly or indirectly 1004
owned by the Company.

A series of several transactions that is carried out by PTGN, which
includes the Share Purchase Transaction, Ore Supply, Prepayment
and Shareholder Loan as described in the Introduction Section of
this Information Disclosure.

General Meeting of Shareholders.
Extraordinary General Meeting of Shareholders.

OJK Circular Letter No. 17/SEOJK.04/2020 concerning Guidelines
for the Assessment and Presentation of Business Valuation
Reports in the Capital Market.

Transaction to purchase 30X: of JLMI shares by PTGN from JLMI's
shareholder, namely NII.

Any activity and/or transaction conducted by a Public Company or
a Controlled Company with an Affiliate of the Public Company oran
Affiliate of a member of the board of directors, a member of the
board of commissioners, a main shareholder, or a controller,
including any activity and/or transaction conducted by a Public
Company or a Controlled Company for the benefit of an Affiliate of
the Public Company or an Affiliate of a member of the board of
directors, a member of the board of commissioners, a main
shareholder, or a controller.

Eternal Tsingshan Group Limited, a company legally established

under the laws of Hong Kong SAR, and its subsidiaries throughout
the world, including Indonesia.

UMT £ PT Universal Metal Trading, domiciled in Indonesia, a limited

liability company legally established under the laws of the Republic
of Indonesia, which is a controlled subsidiary of ETGL.

5 OV AN

INTRODI ION

This Information Disclosure to the Shareholders of the Company (“Information Disclosure”) contains
information regarding the purchase transaction of JLMI shares owned by NIl as a third party conducted by
PTGN as a controlled company of the Company. After the entry of PTGN as a minority shareholder of JLMI
on 3 October 2024, PTGN provided a shareholder loan to JLMI.

The transaction as referred to above is part of a series of transactions which begins with the purchase of
3074 of shares owned by NII in JLMI by PTGN as a Controlled Company which is either directly or indirectly
owned 100Yc by the Company. In connection with the Share Purchase Transaction, PTGN as the buyer and
Nil as the seller have signed the CSPA on 3 May 2024 and Deed of Share Transfer on 3 October 2024. On
the same day, namely on 3 May 2024, PTGN and UMT have signed (i) Ore Supply Agreement which
underlies the supply of nickel ore from PTGN to UMT, and (ii) Prepayment Agreement which underlies the
advance payment by UMT to PTGN for a portion of the nickel ore supply to be delivered by PTGN to UMT,
which funds obtained by PTGN under the Prepayment Agreement are used by PTGN to be part of the
payment for the Share Purchase Transaction. After PTGN effectively became a shareholder of JLMI, PTGN
has provided a shareholder loan to JLMI based on the Shareholder Loan Agreement (the entire series of
transactions as above is hereinafter referred to as the “Series of Transactions”).

In relation to the above as part of the Series of Transactions, the Share Purchase Transaction, constitutes
an information or other material fact as referred to in OJK Regulation No. 31/2015, and the Shareholder Loan
from PTGN to JLMI constitutes an Affiliated Transaction as referred to in OJK Regulation No. 42/2020,
because after PTGN effectively becomes a shareholder of JLMI, the Company becomes one of the indirect
main shareholders of JLMI.

In connection with the matters as mentioned above, the Board of Directors of the Company announces this
Information Disclosure through the Company's website and the Indonesia Stock Exchange website with the

intention of providing information and a more complete picture to the Shareholders of the Company regarding
the Shareholder Loan.

DESCRIPTION OF TRANSACTIONS THAT CONSTITUTE MATERIAL INFORMATION OR FAC

1. Date of Event
The Deed of Share Transfer was signed by PTGN and NII on 3 October 2024.

2. Types of Material Information or Facts
The purchase transaction of 3076 of JLMI shares by PTGN as a Controlled Company which is either
directly or indirectly owned 10074 by the Company, is information or other material facts as stipulated
in OJK Regulation No. 31/2015. The Share Purchase Transaction is not an Affiliated Transaction
based on OJK Regulation No. 42/2020 nor a material transaction based on OJK Regulation No.
17/2020.

3. Material Description of Material Information or Facts

a Related Parties

@ Nil as the seller, and
(ii) — PTGN as the buyer

PTGN and NII are not affiliated parties. PTGN is a Controlled Company which is directly or
indirectly 1006 owned by the Company.

b. Transaction Value

Based on CSPA and Deed of Share Transfer, the value of the Transaction object is
USD102,500,000.

Cc. Purpose of the Transaction . .
The consideration for the Transaction is to implement the downstream policy as imposed by the

- F4 W

Government of Indonesia based on the Generation VII Contract of Work signed on 19 February
1998 with No. B.53/Pres/1/1998 of 1998 between the Government of Indonesia and PTGN as
amended by the Amendment to the Contract of Work dated 12 April 2017. The purpose of this
downstream obligation is expected to improve financial performance so as to create added value
for shareholders. Its implementation is also expected to support the Government of Indonesia's
efforts in developing the national electric vehicle ecosystem.

4. The Impact, Information or Material Facts on Operational Activities, Legal, Financial Condition
or Business Continuity of the Company

With the implementation of the Share Purchase Transaction, where in the future PTGN as the
shareholder of JLMI will receive dividends from JLMI, on a consolidated basis it will also provide
additional net income for the Company.

DESCRIPTION OF AFILIATE TRANSACTIONS

Te Object of Transaction

The object of this transaction is the Shareholder Loan from PTGN to JLMI based on the Shareholder
Loan Agreement in the amount of USD18,000,000 (Rp274,446,000,000 calculated based on Bank
Indonesia JISDOR exchange rate on 2 October 2024). The Shareholder Loan is an Affiliated
Transaction based on OJK Regulation No. 42/2020 because after PTGN effectively becomes a
shareholder of JLMI, the Company becomes an indirect main shareholder of JLMI.

2. Transaction Value

Based on the Shareholder Loan Agreement, the value of the transaction object in relation to the
Shareholder Loan is Rp274,446,000,000 calculated based on Bank Indonesia JISDOR exchange rate
on 2 October 2024.

3. Parties Conducting the Transaction

a PTGN as the shareholder loan lender, and
b. JLMI as the shareholder loan receiver.

4. Related Agreement

The related agreement executed by the parties is the Shareholder Loan Agreement dated 3 October
2024 which was executed on the same day immediately after PTGN became the shareholder of JLMI
based on Deed of Share Transfer.

5. Explanation, Consideration and Reason for the Transaction and the Effect of the Transaction
on the Company's Financial Condition

Prior to the Share Purchase Transaction, NII as the sole shareholder of JLMI provided a shareholder
loan to JLMI amounting to USD60,000,000 as JLMI's working capital. After the Share Purchase
Transaction, PTGN becomes the 3046 shareholder of JLMI, so that the Shareholder Loan provided by
PTGN to JLMI is in accordance with the proportion of PTGN's share ownership. The loan will be used
by JLMI as partial repayment of the shareholder loan provided by NII to JLMI.

The Shareholder Loan by PTGN will increase the Company's indirect income derived from interest
income on the payment of the Shareholder Loan from JLMI to PTGN. Furthermore, the Shareholder
Loan will be used by JLMI to strengthen its operational activities, which will increase JLMI's income,
so that JLMI can distribute dividends to PTGN as one of JLMI's shareholders, where PTGN will forward
the dividend income to the Company.

6.

Overview of JLMI Financial Data

JLMI Statement of Financial Position
31 December 2022 and 31 December 2023

(presented in United States Dollars, unless otherwise stated)

Description 31 December 2022 31 December 2023
Total Assets 206.632.405 261.767.507
Total Liabilities 58.883.264 40.439.134
Total Eguity 147.749.141 221.328.373
Description 31 December 2022 31 December 2023
Sales 455.271.956 384.348.706
Operating Profit 127.940.078 73.580.524
Comprehensive Income for the Year 127.940.078 73.580.524

BRIEF DESCRIPTION OF JLMI

1.

Brief History of JLMI

JLMI was established under the name of PT Jiu Long Metal Industry based on Deed of Establishment
No. 13 dated 25 September 2020 made before Mina Ng, S.H., M.Kn., which has been approved by
MOLHR based on Decree No. AHU-0052841.AH.01.01.YEAR 2020 (“JLMPs Deed of
Establishment”). The Deed of Establishment of JLMI has been amended several times, as most
recentiy set forth in Deed of Circular Resolution in Lieu of EGM No. 4 dated 3 October 2024 made
before Mina Ng, S.H., SPN., M.Kn., Notary in Jakarta and has been approved by MOLHR based on
Decree No. AHU-0062936.AH.01.02.TAHUN 2024 dated 3 October 2024 and has received
notification from MOLHR based on Notification Acceptance Letter No. AHU-AH.01.03-0197951 and
No. AHU-AH.01.09-0259231, both dated 3 October 2024 (“JLMI's Articles of Association” or "JLMI
Deed No. 4/2024”).

JLMI Business Activities

Based on Article 3 of JLMI's Articles of Association, JLMI's business activities are as follows:
Non-ferrous base metal manufacturing industry.

Wholesale trade in metals and metal ores.

Wholesale trading of cement, lime, sand, and stone.
Wholesale trading of basic chemical materials and goods.

app

At the time of this Information Disclosure, the main business activity carried out by JLMI is non-ferrous
base metal manufacturing industry.

JLMI Capital Structure

The capital structure of JLMI as of the date of this Information Disclosure is as follows:

No. Shareholders Mumbero Nominal (Rp) Bana
1 TNI 14.000.000 | 196.000.000.000 70
2 —LPTeN 6.000.000 |. 84.000.000.000 30
Authorized Capital 20.000.000 1 280.000.000.000 :
Issued and Paid Up Capital 20.000.000 1 280.000.000.000 -
Shares in Portepel - 5 “

Composition of JLMI Board of Directors and Board of Commissioners

Based on the JLMI Deed No. 4/2024, the composition of the management of JLMI at the time of this
Information Disclosure is as follows:

NY AN

Director

President Director : Xiang Binghe
Director : Ye Changging
Director 1  Wirya Hadinata
Board of Commissioner

President Commissioner 1 Lin Jigun
Commissioner 1 Zhang Oiguang
Commissioner : Muhidin

BRIEF DESCRIPTION OF PTGN

N 5 Brief History of PTGN

PTGN was established under the name of PT Gag Nikel based on Deed No. 7 dated 6 February 1998
made before Sutjipto, S.H., Notary in South Jakarta. This deed of establishment was approved by the
Minister of Justice of the Republic of Indonesia under Decree No. 02-758 HT.01.01 Yr. 98 dated 11
February 1998 (“PTGN's Deed of Establishment”). PTGN Deed of Establishment has been amended
severeal times, as most recentiy set forth in Deed No. 31 dated 16 April 2021 made before Aulia
Taufani, S.H., Notary In South Jakarta and has been approved by the MOLHR based on Decree No.
AHU-0026815.AH.01.02. YEAR 2021 dated 1 May 2021. and has received notification from the
MOLHR based on Notification Acceptance Letter No. AHU-AH.01.03-028631 dated 1 May 2021, and
has been registered in the Company Regster No. AHU-0081067.AH.01.11 YEAR 2021 dated 1 May
2021 (“PTGN's Articles of Association”).

2. Business Activities of PTGN
Based on Article 3 of PTGN's Articles of Association, PTGN's business activities are as follows:
a. Mining, namely nickel ore mining.
b. Trading, namely the wholesale trading of metals and metal ores, such as nickel ore.

c Industry, namely the non-ferrous base metal manufacturing industry

At the time of this Information Disclosure, the main business activities carried out by PTGN are
exploration and operator of nickel mines.

3. Capital Structure of PTGN

The capital structure of PTGN as of the date of this Information Disclosure is as follows:

No. Shareholders Nana Nominal (Rp) eneng
1. APN 46.990.992 404.122.531.200 75
2. Company 15.663.664 134.707.510.400 25
Authorized Capital 80.000.000 688.000.000.000 -
Issued and Paid Up Capital 62.654.656 538.830.041.600 -
Shares in Portepel 17.345.344 - -

4. Composition of the Board of Directors and Board of Commissioners of PTGN

Based on Deed No. 17 dated 7 June 2024 made before Aulia Taufani, S.H., Notary in South Jakarta
and has received notification for MOHLR based on Letter of Acceptance of Notification of Changes in
Company Data No. AHU-AH.01.09.0217186 dated 24 June 2024 and has been registered in the
Company Register No. AHU-0214109.AH.01.11.YEAR 2024 dated 24 June 2024, the composition of
the management of PTGN at the time of this Information Disclosure is as follows :

Directors
President Director 1 Sufen Triantio
Director of Operations 1 Arya Arditya Kurnia

Director of Finance, Risk : Aji Priyo Anggoro
Management, and Human
Resources

Board of Commissioners

President Commissioner : Hermansyah
Commissioner 1 Lana Saria
Commissioner Ahmad Fahrur Rozi
Commissioner 1 Saptono Adji

BRIEF DESCRIPTION OF THE COMPANY

1.

Brief History of the Company

The Company was formerly a State Company, established underthe name “Perusahaan Negara Aneka
Tambang” in the Republic of Indonesia on 5 July 1968 based on Government Regulation No. 22 of
1968 concerning the Establishment of Perusahaan Negara Aneka Tambang. The establishment was
announced in Supplement No. 36, State Gazette No. 56 dated 5 July 1968. On 14 September 1974,
based on Government Regulation No. 26 of 1974 concerning the Transfer of the Form of State
Company Aneka Tambang into a Company (Persero), the Company's status was changed from a state
company to a limited liability company based on Deed of Establishment No. 320 dated 30 Desember
1974.

In 1997, the Company conducted an initial public offering of 430,769,000 shares, representing 354 of
the 1,230,769,000 issued and fully paid shares. Therefore, the Company's name was changed to “PT
Aneka Tambang (Persero) Tbk" based on Deed No. 48 dated 15 September 1997. The public offering
was listed on the Jakarta Stock Exchange and Surabaya Stock Exchange on 27 November 1997. In
2008, the two exchanges were merged into the Indonesia Stock Exchange (“IDX”).

The Company's articles of association have been amended several times, with the latest amendment
made at the Company's Annual General Meeting of Shareholders for Fiscal Year 2023 dated 8 May
2024 in connection with the addition of business activities in Article 3 of the Company's articles of
association, as set forth in Notarial Deed No. 18 dated 4 June 2024 made by Jose Dima Satria, S.H.,
M.Kn, Notary in South Jakarta. Approval related to this amendment to the articles of association has
been granted by the MOLHR based on Decree Number AHU0034841.AH.01.02.TAHUN 2024
concerning Approval of Amendments to the Articles of Association of PT Aneka Tambang Tbk Limited
Liability Company dated 12 June 2024 (“Company's Articles of Association”).

Business Activities of the Company

Based on Article 3 paragraph (1) of the Company's Articles of Association, the purpose and objective
of the Company is to conduct business in the mining sector of various types of minerals, and to carry
out business in the fields of industry, trade, transportation and services related to the mining of various
types of minerals, as well as optimizing the utilization of resources owned by the Company to produce
goods and/or services of high guality and strong competitiveness to obtain/pursue profits to increase
the value of the Company by applying the principles of Limited Liability Companies. To achieve these
purposes and objectives, the Company may carry out the following main business activities:

a conducting business in the mining sector of various types of minerals, including (i) bauxite ore
mining, (ii) nickel ore mining: and (iii) gold and silver mining:

b. conducting business in industries related to the mining of various types of minerals, including but
not limited to the processing and refining of minerals, including (i) the base metal manufacturing
industry, (ii) the precious base metal manufacturing industry: (iii) the clay/ceramic brick industry,
(iv) the clay/ceramic roof tile industry,

Cc. conducting business in the field of trading related to the mining of various types of minerals,
including minerals that have been processed/refined, both physical trading (including digital
physical gold) and non-physical trading (including hedging), including (i) wholesale trading of
jewelry and clocks, (ii) wholesale trading of metals and metal ores, (iii) physical traders of
commodities: (iv) web portals and/or digital platforms with commercial purposes, (v) wholesale
trading of roof tiles, bricks, tiles and the like made of clay, lime, cement or glass: (vi) wholesale
trading of cement, lime, sand and stone: (Vii) other business support service activities, (viii)
warehousing and other storage, (ix) retail trading through media for various other goods,

10 VA.

to engage in business in the field of transportation for its own purposes and those of other parties
related to the mining of various types of minerals, including (i) motorized transportation for
special goods, (ii) rail transportation for goods: (iii) domestic sea transportation for special goods,
(iv) sea port service activities, (V) river and lake transportation for special goods: (vi) river and
lake port service activities,

conducting business in the field of services related to the mining of various types of minerals
(except consulting services in the fields of law and tax), including (i) other mining and guarrying
support activities: (ii) laboratory testing services, (iii) other management consulting activities, (iv)
engineering activities and technical consulting related thereto: (v) activities in the field of
education, not limited to private technical education, private other education, educational support
activities, (vi) other technical analysis and tests, (vii) installation engineering inspection services,
(Vili) industrial process commissioning, guality assurance and guality control services.

In addition, based on Article 3 paragraph (2) of the Company's Articles of Association, the Company
may also conduct supporting business activities in order to optimize the utilization of its resources, not
limited to:

a.

b.
c.

z0

Optimization and utilization of assets, be it land, buildings or other forms of assets, including but
not limited to real estate owned or leased,

industrial estates,

plantations, agriculture and forestry, covering all economic activities/business fields, which
include food crop agriculture, plantations, horticulture, harvesting of forest products, and this
category also includes supporting services for each of these economic activities:

property, including (i) star hotels: (ii) hotel apartments: (iii) self-owned or leased real estate: (iv)
health center activities, (v) private hospital activities, (vi) private clinic activities:

Optimization and utilization of owned resources, not limited to power plants and energy, which
are not limited to power generation activities,

waste management, which includes all wastewater, garbage and hazardous and toxic waste
management activities including collection, transportation, stockpiling and utilization activities:
which are not limited to (i) collection of non-hazardous wastewater, (li) collection of hazardous
wastewater, (iii) treatment and disposal of non-hazardous wastewater: (iv) treatment and
disposal of hazardous wastewater, (v) collection of non-hazardous waste and garbage: (vi)
collection of hazardous waste: (vii) treatment and disposal of non-hazardous waste and garbage,
(viii) treatment and disposal of hazardous waste, (ix) material recovery of metal goods: (Xx)
material recovery of non-metal goods:

tourism area,

museums managed by the private sector,

information and communication which is not limited to (i) radio broadcasting by the private sector:
(ii) telecommunication activities specifically for own use, (iii) wireless telecommunication
activities with due observance of the prevailing laws and regulations,

clean water supply and clean water distribution activities for industrial activities, among others:
(i) collection, purification, and distribution of drinking water, (ii) collection and distribution of raw
water,

land preparation, sand excavation, other building construction,

operation of storage and warehousing facilities for (i) oil and gas storage, and (ii) hazardous
waste storage activities.

Capital Structure of the Company

Based on Article 4 of the Company's Artiles of Association and the Report of the Securities
Administration Bureau of PT Datindo Entrycom as of 30 September 2024, the number of issued and
fully paid shares of the Company was recorded at Rp2.403.076.472.500 or 24.030.764.725 shares
consisting of one series A dwiwarna share and 24.030.764.724 series B shares. The Company's capital
structure as of the date of this Information Disclosure is as follows:

Description mber of Shares Yo
Authorized Capital
Series A Shares 1 Rp100.00 -
5Y Ad ,

1 6

Total Nominal Value (Nominal Value

Descripti berof

LIP, ko pan Rp100.00 per Share) se
Series B Shares 24.030.764.724 Rp2.403.078.472.400,00 -
Total Authorized 24.030.764.725 Rp2.403.076.472.500,00 «
Capital

Issued and Paid Up Capital

Series A Dwiwarna Shares

Government of the 1 Rp100,00 0
Republic of Indonesia

Series B Shares

PT Mineral Industri 15.619.999.999 Rp1.561.999.999.900,00 65

Indonesia (Persero)

Other shareholders 8.410.764.725 Rp841.076.472.500,00 35
with ownership below
596

Total Issued and 24.030.764.725 Rp2.403.076.472.500,00 100
Paid Up Capital

Composition of the Board of Commissioner and Board of Director of the Company

Based on the Company's Articles of Association, the composition of the Company's Board of
Commissioners and Board of Directors as of the date of issuance of this Information Disclosure is as
follows:

Board of Commissioner

President '— Commissioner — concurrentiy F.X. Sutijastoto
Independent Commissioner

Independent Commissioner :  Gumilar Rusliwa Somantri
Independent Commissioner Anang Sri Kusuwardono
Commissioner 1 Bambang Sunarwibowo
Commissioner 1 Dilo Seno Widagdo
Director

President Director : Nicolas D. Kanter
Director of Operations and Production 1 Hartono

Director of Business Development 1. I Dewa Bagus Sugata Wirantaya
Director of Finance and Risk Management: Arianto Sabtonugroho
Director of Human Resources 1. Achmad Ardianto

SUMMARY OF ASSESOR'S REPORT

SUMMARY OF FAIRNESS OPINION ASSESSMENT REPORT

The following is a summary of fairness opinion on Affiliated Transactions based on PASO Fairness
Opinion Report.

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Related Parties

a PTGN as shareholder lender: and
b. JLMI as shareholder loan recipient.

Fairness Analysis Object

The object of the fairness opinion is the Shareholder Loan to JLMI by PTGN which is a Controlled
Company of the Company.
ne
c d

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Purpose and Objective of Fairness Opinion

This Fairness Opinion Report aims to assess the fairness of the Shareholder Loan carried out to
fulfill obligations under OJK Regulation No. 42/2020.

Fairness Opinion Date
The fairness opinion was conducted as of 31 July 2024.
Appraiser Independence

The third party appointed to provide a fairness opinion on the transaction is PASO Doli Siregar &
Partners who can conduct an objective and independent review, in accordance with the
Independent Appraisal Services Work Agreement Number GN: 004/K/PT/GN!/!II/2024, Number
ANTAM: 223/0505/PAT/2024, PASO Number DSR: DSR-J/AFS/II/24/0120-A dated February 1,
2024, Amendment | dated 5 August 2024 and Amendment II dated 17 September 2024.

Assumptions and Limiting Conditions
In preparing this independent opinion, the appraiser uses several assumptions, among others:

a This Fairness Opinion Report is a non-disclaimer opinion.

b. PASO DSR has reviewed the documents used in the valuation process.

Cc The data and information obtained by PASO DSR come from sources whose accuracy can
be trusted.

d. PASO DSR uses adjusted financial projections that reflect the reasonableness of financial
projections made by management with the ability to achieve them (fiduciary duty).

e. PASO DSR is responsible for the implementation of the fairness of the adjusted financial
projections.

Ff PASO DSR produces a Fairness Opinion Report that is open to the public, unless there is
confidential information that may affect the company's operations.

9. PASO DSR is responsible for the Fairness Opinion Report and Fairness Opinion Conclusion.

h PASO DSR has obtained information on the legal status of the object of fairness opinion from
the assignor.

i PASO DSR assumes that since the Share Purchase Transaction and Shareholder Loan until
the issuance of this fairness opinion, no changes have occurred that materially affect the
Share Purchase Transaction and Shareholder Loan.

j. PASO DSR assumes that the assignor complies with all regulations set by the government,
particularly those related to the assignor's operations, both in the past and in the future.

k. PASO DSR assumes that the legality owned by the assignor has no legal or other problems
either before or after the Share Purchase Transaction and Shareholder Loan.

Ik PASO DSR assumes that the assignor has and will fulfill its obligations with respect to
taxation, retribution and other levies in accordance with the prevailing regulations.

m. PASO DSR has obtained information on the terms and conditions of the agreements related
to the Share Purchase Transaction and Shareholder Loan from the assignor.PASO DSR has
obtained information on the terms and conditions of the agreements related to the Share
Purchase Transaction and Shareholder Loan from the assignor.

n. The report is prepared only for the purposes and objectives as stated in the report. We are
not responsible to any party other than the Assignor. Other parties who use this report are
responsible for any risks arising.

Oo. PASO DSR is not obliged to give testimony or appear before the court or government officials
if itis not related to the purpose and objectives of this report and outside the scope of the
assignment.

p. If in the future the Appraiser is reguested to provide explanations and presentations
conducted outside the working area of our office or to parties other than the assignor and
service users, all forms of costs incurred will be borne by the assignor.

a. This report is not valid if it is not affixed with the signature of the Chairman and the office
seal of PASO DSR.

VA
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Tu Fairness Assessment Methodology

In analyzing the fairness of the Share Purchase Transaction and the Shareholder Loan, the
appraiser conducts the following analysis procedures:

a. Analysis of Shareholder Loan which includes identification and relationship between parties
involved in the Share Purchase Transaction and Shareholder Loan, analysis of agreements
and reguirements in the Share Purchase Transaction and Shareholder Loan, analysis of
benefits and risks of the Share Purchase Transaction and Shareholder Loan

b. Oualitative analysis of the Shareholder Loan covering the history of the Company and the
Company's business activities, industry analysis, operational analysis and prospects of the
Company, analysis of the reasons and background for the Shareholder Loan, advantages
and disadvantages of the Shareholder Loan.

c. Guantitative analysis of the Share Purchase Transaction and Shareholder Loan which
includes analysis of the Company's historical financial statements, financial ratio analysis,
financial projection analysis, financial analysis before and after the Shareholder Loan, and
value-added analysis.

d Analysis of the reasonableness of the interest rate analysis (yield) of the Shareholder Loan.

8. Fairness Opinion on Shareholder Loan

Based on the comparison of the interest rate of the Shareholder Loan with the market interest rate,
there is a difference of 7.576 where the shareholder loan interest rate is above the market interest
rate. The amount of the difference is within the limit of &7.5Yo, so the price set is Fair.

STATEMENT OF THE COMPANY'S BOARD OF COMMISSIONERS AND DIRECTORS

1. The Board of Directors of the Company stated that the Shareholder Loan has gone through adeguate
procedures to ensure that related party transactions are carried out in accordance with prevailing laws
and regulations and business practices.

IN

. The Board of Directors of the Company stated that the Shareholder Loan is an affiliated transaction
and is nota material transaction as referred to in OJK Regulation No. 17/2020.

&

. The Board of Directors and Board of Commissioners of the Company declare that the Shareholder
Loan is an affiliated transaction and does not contain a conflict of interest as referred to in OJK
Regulation No. 42/2020.

.

. The Board of Directors and Board of Commissioners of the Company, both individually and collectively,
are fully responsible for the accuracy and completeness of the information as disclosed in this
Information Disclosure and all material information has been disclosed and the information is not
misleading.

ADDITIONAL INFORMATION

If you need further information regarding the matters disclosed in the Information Disclosure, you can

contact the Company at the address:
PT ANEKA TAMBANG TBK
Corporate Secretary

Gedung Aneka Tambang Tower A
Jl. Letjen T.B. Simatupang No. 1, Lingkar Selatan, Tanjung Barat, Jakarta 12530
Phone: (021) 789 1234
E-mail: corsec@antam.com
Website: https://www.antam.com

Jakarta, 7 October 2024

Sincerely,
Board of Directors

GX AN

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