Grasberg Project and Financial Update

Ongoing Success with Ramp-up of Grasberg Underground Mines >>> 3Q21 annualized metal production reached 90% of post ramp-up targets >>> Expected to reach 100% by YE 2021 100% 2021e-2023e Annual Average 1.55 bn lbs Cu & 1.6 mm ozs Au Quarterly Production Annualized as % of Targeted Average 2021e-2023e 75% 50% 25% 0% 4Q19 4Q20 Note: Includes production from Grasberg Block Cave, DMLZ, DOZ and Big Gossan e = estimate. See Cautionary Statement. 4Q21e 2022e FREEPORT FOREMOST IN COPPER HD 55 SỐ 8

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