Investor Presentaiton

Key Shareholders With a Track Record and Proven Financing Capabilities MERDEKA COPPER GOLD Provident, Saratoga and Thohir Group have a history of co-investment over many years with a distinguished track record in building value as well as attracting blue chip international institutional investors and high- quality banks. They also have deep and wide access to global, regional and local banks Provident Focused investment approach concentrated in Indonesia across telecommunications, infrastructure, mining, technology, real estate, and biofuels SARATOGA Indonesian investor established in 1997. Listed on the IDX in 2013 and today invests in the natural resources, infrastructure and consumer sectors Thohir Group Mr. Thohir is the owner of Thohir Group and the President Director of Adaro, Indonesia's second largest coal miner. In 2019, listed as #17 richest net worth by Forbes Indonesia with a net worth of US$1.6b gojek Valuation: US$10.0b TOWER BERSAMA GROUP SIHAYO GOLD MERDEKA LIMITED COPPER GOLD EV: US$3.5b¹ EV: US$48.8m¹ Provident Lenders → OCBC Bank CIMB BANK Goldman Sachs BARCLAYS || UOB DBS HSBC ● MUFG ANZ CRÉDIT AGRICOLE CORPORATE & INVESTMENT BANK BNP PARIBAS ING SOCIETE GENERALE SMBC PIERFRONT CAPITAL Note: 1. Market cap as at 28 July 2020; net debt as at 31 March 2020 adaro EV: US$3.3b1 EV: US$2.9b1 Saratoga, Thohir Group and Adaro Lenders Standard Chartered citibank MIZUHO CIMB BANK JBIC OCBC Bank DBS + UOB KDB CTBC BANK ANZ & ING Maybank NATIXIS BEYOND BANKING SMBC SUMITOMO MITSUI BANKING CORPORATION MUFG HSBC 30 50

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