Grasberg Project and Financial Update

Copper - Metal of the Future Critical to Global Decarbonization FREEPORT FOREMOST IN COPPER Intensity of Use Is Increasing with Decarbonization More than 65% of the world's copper is used in applications that deliver electricity. Electric vehicles use up to four times more copper than internal combustion engines. Renewable energy technologies use four to five times more copper than fossil fuel power generation. Copper consumption associated with electric vehicles and renewable energy technologies to grow rapidly. Freeport is strategically positioned as a leading copper producer. Source: International Copper Association See Cautionary Statement. 5

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