Investor Presentaiton

Strong Support from Shareholders & Partners Deep governmental, regulatory and local relationships from decades of Indonesian experience for their various operating companies including Adaro, Tower Bersama and Merdeka Provident SARATOGA Thohir Group 22.9% 24.8% SIHAYO GOLD LIMITED 11.9% 22.8% MERDEKA EV: US$2.9bn 100% MERDEKA MINING SERVIS 7.7% 9.0% MMS is the contracting arm of Merdeka Copper Gold and is responsible for all Merdeka development projects. MMS has been engaged by Sihayo for project design and estimating for its DFS and has proven EPCM capabilities. Track Record in Growing and Financing Indonesian Corporates Strong Governmental, Regulatory and Local Ties Excellent Corporate Governance and Investor Relations The shareholders collectively have rich experience in leading and growing businesses in Indonesia, ranging from dynamic tech platforms (Gojek) to well established corporates (i.e. Tower Bersama and Adaro). As a result, the shareholders have established strong relationships with key external stakeholders and have gathered valuable experience to lead companies to growth within the country The shareholders have decades of experience in obtaining permits across Indonesia for their various operating companies including Adaro (portfolio of coal mines), Tower Bersama (tower development in all 34 provinces) and Provident Agro (which had over 40,000 Ha of palm oil plantations), demonstrating their ability to resolve community issues and work with national and local governments to develop projects across multiple industries Reputation for maintaining excellent corporate governance and reporting standards has attracted quality investors globally in both debt and equity capital markets, achieving overall lower cost of funds and strong support Page 12 SIHAYO GOLD

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