Investor Presentaiton

8 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Ownership Structure MAJ: 51,00% Adimitra MAJ: 99,996% PT TOBA BUMI ENERGI ("TBUE") HIGHLAND STRATEGIC HOLDINGS PTE LTD (61,91%) 8 TBS Energi Utama OTHER SHAREHOLDERS (38,09%) 2 MIN: 0,0001% MAJ: 99,99% MIN: 30% MAJ: 99,996%, MIN: 0,003% Baratama Nusantara INDOMINING MIN: 0,01% MAJ: 99,99% Adimitra Baratama Niaga 100% ADIMITRA RESOURCES PTE. LTD. MIN 0.000076% MAJ: 99.60% TobaBara energi MIN MAJ: 90.00% MAJ: 60,00% MAJ: 90.00% 0.00000258% MAJ: 99.99% MIN: 0,28% MAJ: T MIN: 49.00% 99.97% TRISENSA PT PERKEBUNAN KALTIM UTAMA I COAL [1] Including Baring Private Equity as anchor investor [2] Economic benefit of 80%, ownership subject to PLN (National Power Company) approval www.tbsenergiutama.com GORONTALO LISTRIK PERDANA Minahasa Cahaya Lestari BATU HITAM PERKASA Adimitra Energi Hidro BAYU ALAM SEJAHTERA MIN: 5% PAITON ENERGY

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