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Press Release

First in the World, Bukit Asam and BRIN Start Exploring Coal as Raw
Material for Li-ion Batteries

Muara Enim, 15 July 2024 - PT Bukit Asam Tbk (PTBA), a member of the
MIND ID Group, collaborate with the National Research and Innovation
Agency (BRIN) has started a pilot project converting Coal into Artificial
Graphite and Anode Sheet as raw materials for Lithium-ion (Li-ion) batteries.
The conversion of Coal into Artificial Graphite and Anode Sheet is the first in
the world.

Artificial Graphite is the main material for making anodes. The Anode Sheet is
the electrode where the oxidation reaction occurs (positive pole), one of the
important components for Li-ion batteries.

The soft launched of the pilot project of Artificial Graphite and Anode Sheet
was conducted at the Tanjung Enim Industrial Area on Monday (15/7/2024).
The event was attended by Dilo Seno Widagdo, Director of Portfolio &
Business Development of MIND ID: Arsal Ismail, President Director of PT Bukit
Asam Tbk (PTBA) along with the Board of Directors PTBA, and Mulyadi
Sinung Harjono, Director of Research & Innovation Utilization of BRIN
Industry,.

In his remarks, Dilo Seno Widagdo highlighted that all companies under the
MIND ID Group are always committed to optimize the added value of
Indonesia's mineral and coal resources, through a mandate to manage
strategic resources and reserves, carry out downstreaming, and market
leadership in order to become world-class companies.

He hoped that this pilot project will continue to the commercial stage, he also
emphases that the continuity of this project reguires support and in-depth
study of its economic aspects.

“MIND ID focuses on supporting the electric vehicle battery ecosystem.
Therefore, this potential project must be fully supported by the entire MIND
ID Group. This project is a strategic step that not only supports PTBA's
business diversification, but also strengthens our position in the electric
vehicle battery supply chain in the future," said Dilo.

Meanwhile, Arsal Ismail said that the development of coal into Artificial
Graphite and Anode Sheet is a form of PTBA's commitment to supporting
Government policies to encourage downstream coal and maintain national
energy security.

"Bukit Asam wants to provide non-stop energy for the country. One of the
efforts we are making is by obtaining a coal industry with clean technology in
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Indonesia. The implementation of Anode Sheet made from coal is the first in
the world, so it can be an important breakthrough. In down streaming coal,
developing coal into Artificial Graphite and Anode Sheet will also support the
progress of the domestic electric vehicle industry," said Arsal.

The need for Artificial Graphite and Anode Sheet will increase in the future,
along with the growth of the electric vehicle industry. Not only for the electric
vehicle industry, Artificial Graphite and Anode Sheet are also needed in other
industries such as the energy storage industry, electronics and medical
eguipment.

This down streaming initiative is align with PTBA's vision to become a world-
class energy company that cares about the environment, and supports the
achievement of the Net Zero Emission (carbon neutral) target by 2060.

On the same occasion, Mulyadi Sinung Harjono expressed his hope that the
pilot project to convert coal into Artificial Graphite and Anode Sheet could
bring benefits to strengthen Indonesia's position in the strategic raw materials
industry.

"We hope that the collaboration with PTBA will continue on producing useful
research, and the pilot project for converting coal into Artificial Graphite and
Anode Sheet will run as planned," he said.

Information on The Conversion of Coal into Artificial Graphite and Anode
Sheet:

The conversion of Coal into Artificial Graphite and Anode Sheet is carried out
through several stages. The first stage is the carbonization process of coal
into semi coking coal or Coalite.

Then Coalite is ground into powder, then goes through a process of soaking,
heating, washing, drying and polishing until it becomes Artificial Graphite
which is the main ingredient for Anode Sheet.

Making Anode Sheet starts from mixing Artificial Graphite with other
materials. The mixture is heated, then printed to form a sheet on copper
paper. The final stage is drying so that an Anode Sheet is formed.

For further information please contact:

Niko Chandra

Corporate Secretary

PT Bukit Asam Tbk
nchandra@bukitasam.co.id
www.ptba.co.id
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Overview of PT Bukit Asam Tbk

PT Bukit Asam Tbk (PTBA), is a leading Indonesian state-owned mining company (BUMN) which is also a group of
MIND ID. PTBA was founded in 1981. The company's core business focuses on coal mining, processing and trading
PTBA operates several coal mines in Sumatra, producing various types of coal, including rare high-guality sub-
bituminous and bituminous coal. In 2002, PTBA became a public company and was listed on the Indonesian Stock
Exchange. With a commitment to sustainable practices and environmental responsibility, PTBA is developing its
energy portfolio by investing in renewable energy sources, This company plays an important role in maintaining the
stability of national energy security in terms of providing coal for both domestic power plants and export markets,
which contributes significantly to the energy sector and the Indonesian economy. PTBA is also a pioneer in ethical
standards by becoming the first state-owned company in the energy sector to implement ISO 37001:2016 Anti-
Bribery Management.

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Names mentioned 4 people and organisations named in the text · linked when the evidence is strong

linked org Bukit Asam Tbk p.1 ×16
linked person Dilo Seno Widagdo p.1 ×2
linked person Arsal Ismail p.1 ×2
linked person Niko Chandra p.2

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