Australia Coal and Laos Power: Operational and Financial Summary

Indonesia coal: total costs INDICATIVE AVERAGE TOTAL COSTS U$/t 70 $65 $61 60 $59 $60 $59 $56 $52 $52 $48 $49 50 $46 40 40 30 30 20 10 FY13 1Q 2Q 3Q 4Q 2014 FY14 1Q 2Q 3Q 4Q 2015 FY15 * Repair and maintenance, salaries and allowances, etc. Royalty SG&A expenses Depreciation & amortisation Other production costs* Mining cost BANPU COMMENTS ■ Continue to implement cost reduction - programs: Optimize strip ratios, reduce overburden distance, overhaul parts, IPCC optimization Lower explosive cost, ship-loading cycle time, barging negotiation ■ The fall in oil price by 46% in 2015 help ITM reduce costs further 24

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