20240419_INCO_Laporan Informasi dan Fakta Material_31627835_lamp2.pdf

                              Extraordinary General Meeting of Shareholders

Jakarta, April 19th, 2024 – Today, PT Vale Indonesia Tbk (“PT Vale” or the “Company”, IDX
Ticker: INCO) held its Extraordinary General Meeting of Shareholders (“EGMS”) with physical
attendance at the Hotel Alila SCBD Lot 11a, Jl. Jend. Sudirman, Kav 52 – 53 Jakarta 12190 and
electronically through eASY.KSEI application by complying with the Financial Services Authority
("OJK") Regulation Number 15/POJK.04/2020 regarding Plans and Organizing of a General
Meetings of Shareholders of Public Companies and OJK Regulation Number 16/POJK.04/2020
regarding Electronic General Meetings of Shareholders of Public Companies.

At the EGMS, the shareholders approved the Company’s plan to increase the capital of the
Company by granting pre-emptive rights or Rights Issue to Company’s shareholders (“Rights
Issue”) through limited public offering mechanism with a maximum of 603,445,814 (six hundred
three million four hundred forty-five thousand eight hundred fourteen) new shares of the Company
with a nominal value of Rp25 (twenty-five Rupiah) per share under OJK Regulation Number
32/POJK.04/2015 on Capital Increase of Public Companies by Granting Pre-Emptive Rights as
amended by OJK Regulation Number 14/POJK.04/2019. Align with the above approval, the
Company plans to increase the issued and paid-up capital in connection with the execution of
Rights Issue which constitutes an amendment of Article 4 of the Company's articles of
association, which was approved in the EGMS.

EGMS also approved to affirm, determine and restate the Company's shareholding composition
after the completion of acquisition transaction (including the Rights Issue) in accordance with the
shareholders' ownership data based on the Company’s shareholder register that will be available
upon completion of acquisition transaction (including the Rights Issue).

In the last agenda, the EGMS approved the Company’s proposal to amend Article 11 (Board of
Directors), Article 12 (Duties and Powers of the Board of Directors), Article 13 (Meetings of the
Board of Directors), Article 16 (Duties and Powers of the Board of Commissioners) and Article 17
(Meetings of the Board of Commissioners) of the Company’s articles of association including the
restating of all provisions in the Company’s articles of association in connection with such
amendments, pursuant to which such amendment resolution will only be effective on and since
the completion of acquisition transaction and the issuance of Special Mining Business License
(IUPK) as the Continuation of Contract/Agreement Operation to the Company.



                                                                                        For further information, please contact:
                                                                                     Bernardus Irmanto, Chief Financial Officer
                                                                                                 ptvi.investorrelation@vale.com

                                                                                              Bayu Aji, Head of Communications
                                                                                                             Bayu.Aji@vale.com

                                                                                                             or visit our website at
                                                                                                           www.vale.com/indonesia


PT Vale Indonesia Tbk
Jakarta: Sequis Tower, 20th Floor, Unit 6 & 7, Jl. Jend. Sudirman Kav. 71, Jakarta 12190, Indonesia. T.(62) 21 524 9000 F.(62) 21 524 9020
Makassar: Jl. Somba Opu No. 281, Makassar 90113, Indonesia. T.(62) 411 366 9000 F.(62) 411 366 9020
Sorowako: Main Office Plant Site Sorowako, Luwu Timur 92984, Indonesia. T.(62) 475 332 9100 F.(62) 475 332 9575
www.vale.com/indonesia