Grasberg Project and Financial Update

Kucing Liar - Grasberg Minerals District >>> Planning to commence long-term mine development activities Approximate 10-year development timeframe >>> Reserves: 6 bn lbs copper & 6 mm ozs gold Annual production estimates: > +500 mm lbs of copper > +500k ozs of gold >>> 90K mt/d block cave; optimize value with focus on lower pyrite areas of deposit >>> Capital investment: $400 mm/yr average >>> Benefits from substantial shared infrastructure >>> Sustain large-scale, low-cost production See Cautionary Statement. N 1 km Grasberg BC Kucing Liar KL Spur Amole (2900 m elev) Big Gossan BG Spur Portals (at Ridge Camp) AB Adits (2500 m elev) FREEPORT FOREMOST IN COPPER DOZ GBC Spur MLA DMLZ Spur DMLZ 10 10

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