Freeport Copper Financials

FREEPORT FOREMOST IN COPPER Indonesian Regulatory Update Indonesia President Joko Widodo visited the Manyar smelter construction site in June 2023 and witnessed the substantial progress being made to establish additional downstream processing for copper concentrates in Indonesia. THA ● Downstream development is a strategic national policy priority • PT-FI expanding domestic capacity to meet requirements 2020 law restricted exports of "certain minerals" beginning June 2023 ● THE POWER OF COPPER • In June and July 2023, various ministries completed regulatory processes to enable ongoing exports of copper concentrates through May 2024 for exporters with more than 50% smelter progress* • PT-FI has met requirements and expects to commence exports in late July 2023 ● ● PT-FI will continue to work with government to continue exports until smelter projects are fully operational PT-FI also working with government on applicability of July 2023 tariffs given stabilized terms of IUPK * PT-FI has obtained an export recommendation from Ministry of Energy and Mineral Resource for 1.7 million metric tons of concentrate, which is expected to cover PT-FI's 2023 export volumes, and has received assurances that its export license will be granted promptly. Estimates and projections in this presentation assume resumption of exports at PT-FI beginning in late July 2023. See Cautionary Statement. 5

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