20240602_IATA_Laporan Informasi dan Fakta Material_31645225_lamp1.pdf

    Company Statement Regarding Inclusion of
     IATA on the IDX Special Monitoring Board
Jakarta, 3 June 2024 – PT MNC Energy Investments Tbk (IDX: IATA) or the Company acknowledges the recent
decline in its share price following the Full Call Auction. We understand this fluctuation may cause concern for
our valued investors and we want to take this opportunity to provide clarity and reaffirm our commitment to
long-term value creation.

On 25 March 2024, the Indonesian Stock Exchange (IDX) implemented a Full Call Auction system for stocks on the
Special Monitoring Board. One of the criteria that triggers this Board inclusion is the average price of shares
during the last six months on the Regular Market is less than IDR 51.00.

However, the inclusion of the Company in this Special Monitoring Board does not reflect our fundamentals.

We manages 8 IUPs in Musi Banyuasin, South Sumatra, and aggressively boosts its production to respond to the
high coal demand. According to the report from the Indonesian Joint Committee for Mineral Reserves (KCMI),
IATA currently has coal reserves of 386.6 million MT. That total is generated from only around 20% of the
Company’s mining area of 72,478 Ha. The coal reserves will keep increasing as the exploration process shows
additional proven reserves, at least as much as 600 million MT for all IUPs.

In 2023, we produced more than 4 million MT from its 3 production IUPs. Moreover, we will start production
from IUP owned by PT Arthaco Prima Energy (APE) in 2024, which will contribute significantly to IATA's business
growth.

In addition to focusing on increasing coal production, the Company continues to grow sales contracts, seek
opportunities to acquire new mines, consider prospects in renewable energy, and ensure efficiency in every
business activity to generate sustainable performance growth.

The sound fundamentals presented above builds investor confidence. The Company is certain that this matter
will be resolved soon. We will take all the necessary actions to return IATA back to the Main Board.

                                                      -o0o-


    For further information, please contact:                      PT MNC Energy Investments Tbk
       Natassha Yunita – Head of Investor Relations               MNC Tower, 22/F Floor, MNC Center
       natassha.yunita@mncgroup.com                               Jl. Kebon Sirih No. 17-19, Menteng
       office.iata@mncgroup.com                                   Central Jakarta 10340, Indonesia
                                                                  Phone: +62-21 391 2935
                                                                  www.mncenergy.com